What Synota does

Synota is a US-based fintech founded in 2022 and headquartered in Worthington, Ohio (greater Columbus), that operates an automated energy payments platform for Commercial & Industrial (C&I) power contracts. The platform calculates daily invoices, automates settlement across multiple payment rails (ACH, Bitcoin Lightning Network, wire, credit card, stablecoins, RTP, and FedNow), tracks accounts receivable in real time, and produces auditable reports; it integrates directly with ERCOT, PJM, NYISO, and behind-the-meter energy data sources as well as metering partners including Voltus, CPower, and LoD, with a public API for programmatic access.

Under the hood, the platform is built on AWS with segmented customer data storage, AI Core for natural-language invoice interpretation and charge categorization (with all financial math kept deterministic and customer data kept out of external model training), Lightning node infrastructure ("Foreman") for real-time settlement, and SOC 2 Type II plus SOC 1 Type I certifications. The product surface also includes a Strike OAuth integration for automated USD/BTC disbursements and a sub-brand called Impact Mining, which redirects donated Bitcoin hashrate into lower electricity costs for newly electrified communities in emerging markets.

Synota sells to energy suppliers, retail energy providers, brokers, and large C&I consumers including data center operators via a sales-led enterprise motion with quote-based annual subscriptions and transaction-based payment processing fees. The company has raised a single $3M seed round led by Ego Death Capital with a syndicate of Bitcoin- and Midwest-focused VCs, operates with roughly nine to ten employees, and reports automating millions of dollars in energy payments across its live ISO markets.

Name

Synota

Legal name

Synota Inc.

Website

https://synota.io

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

1–10 employees

Short description

Synota operates an automated energy payments platform for commercial and industrial power contracts, delivering daily invoice calculation, real-time accounts receivable visibility, and multi-rail settlement (ACH, Lightning Network) across US ISOs including ERCOT, PJM, and NYISO, sold to energy suppliers, brokers, and large C&I consumers.

Ownership category

akta.pro rank

Product category

Energy Payments Platform

NAICS

Commodity Contracts Intermediation (523160)

SIC

Finance Services (6199), Commodity Contracts Brokers & Dealers (6221)

akta.pro primary industry

C&I Energy Risk Management & Contract Administration (Credit, Billing, Settlements) (EUAGACAL)

akta.pro secondary industries

Back Office & Accounting (GL, Invoicing, Revenue Recognition) (EUAGAJAH), Bill Auditing, Tariff Analysis & Utility Cost Optimization (EUAGAEAF)

Keywords

• Energy payment automation
• Commercial industrial energy
• Bitcoin lightning settlement
• Energy invoice management
• Real-time payment processing

Headquarters

HQ city

Columbus

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Platform/Subscription Fees: Synota provides an automated energy payment platform for C&I contracts. The platform appears to operate on a SaaS/subscription model with fees for payment processing and settlement services.
2. Transaction/Payment Processing: Synota facilitates automated payments between energy suppliers and consumers, likely earning fees per transaction. Supports multiple payment rails including ACH, Lightning Network, and others.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels5 records

Core offering

Synota operates an automated energy payments platform for Commercial and Industrial (C&I) energy contracts. It calculates daily invoices, settles payments across multiple rails (ACH, Bitcoin Lightning Network, Strike), provides real-time accounts receivable visibility, and generates auditable reports. The platform integrates with US energy markets (ERCOT, PJM, NYISO) and uses AI to interpret invoice documents while performing all financial calculations deterministically.

Product overview

Synota is a unified energy payments platform built around its core Synota platform, which provides automated daily invoice calculation, multi-rail payment settlement (ACH, Bitcoin Lightning, Strike), and real-time reporting for C&I energy contracts. The platform integrates with energy markets (ERCOT, PJM, NYISO) and multiple data sources (ISO feeds, Voltus, CPower, LoD). A Public API enables programmatic access to invoice data, contract management, and user administration. AI Core augments the platform with natural language processing for invoice document interpretation and charge categorization, while keeping all financial calculations deterministic. A separate sub-brand called Impact Mining applies the same settlement infrastructure to redirect Bitcoin mining hashrate donations into lower electricity costs for underserved communities. The platform is SOC2 Type 2 and SOC1 Type 1 certified, with a web-based dashboard providing audit reports, Lightning node stats, and configurable user permissions across energy suppliers, brokers, and large consumers.

Differentiator

Problem solved

Functional benefit

Brands

• Impact Mining: Synota's program that converts donated Bitcoin hashrate into lower electricity prices for recently energized communities in emerging economies, supporting healthcare, education, and economic development.

Products and services

• Synota Core Platform Automated energy payments platform for C&I contracts providing real-time invoice calculation, multi-rail payment settlement (ACH, Lightning, Strike), accounts receivable tracking, and auditable reporting. Integrates with energy markets (ERCOT, PJM, NYISO) and uses AI to interpret invoice documents while performing all financial calculations deterministically.
• Synota Public API A public-facing API providing programmatic access to Synota's energy settlement platform. Endpoints include raw invoice data retrieval, contract-specific tokens, user management actions, and energy data ingestion. Supports integration with ISO feeds, metering platforms, and third-party applications.
• AI Core An automated invoice analysis and interpretation layer powered by AI language models. AI Core extracts data from invoice PDFs, categorizes charges, interprets billing structures (tariffs, taxes, regulatory charges), and generates summaries of reconciliation differences. All financial calculations and settlement logic remain deterministic and separate from AI. Customer data is not used to train external models.
• Impact Mining A social impact initiative under Synota that converts donated Bitcoin hashrate into lower electricity prices for recently energized communities in emerging economies. Bitcoin miners donate hashrate to a donation pool, payouts occur daily to a donation node, and Synota routes BTC instantly to project partners (hospitals, schools, communities) to reduce electricity costs. Synota tracks usage and reports impact to hashrate donors, with a target run rate of $30 million by April 2028.

Quantifiable outcome

• 80-90% reduction in collateral requirements for energy contracts
• +3 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration8 records

AI capability3 records

Feature6 records

Partnerships

Five partnerships are on record, tiered core and supporting.

• StrikecoreTechnology or IntegrationStrike OAuth integration enables: display of USD balance on connected accounts, automated USD disbursements from Strike, bank disbursement reports, and Strike users can receive payment as BTC. Synota processes Lightning Network payments through Strike.
• AWS (Amazon Web Services)coreTechnology or IntegrationCloud infrastructure provider. Synota leverages AWS for hosting services and stores customer data in segmented AWS cloud servers accessible only by the customer.
• AnchorcoreStrategic or Co-development PartnerWorld's premier bitcoin mining marketplace serving as anchor donor for Impact Mining initiative. Anchor directs hashrate to the Impact Mining donation pool, enabling daily Bitcoin payouts to fund solar projects in emerging markets.
• Solar Development PartnercoreStrategic or Co-development PartnerGlobal solar energy developer serving as development partner for Impact Mining projects. Develops high-impact projects in emerging markets where lowering electricity prices increases productive energy usage.
• VoltussupportingTechnology or IntegrationEnergy reader integration through Voltus energy reader integration feature, allowing automated energy data ingestion for billing calculations.

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Clean Power Research: Clean Power Research provides energy analytics and data software for utility-scale solar and C&I customers, comparable to Synota in the energy data and analytics layer serving C&I customers, though with a stronger solar/PV orientation.
• Bill.com: Bill.com is a leading accounts payable and receivables automation platform that automates invoicing and payments. Synota's automated invoice calculation and multi-rail payment processing occupy a similar workflow position, though Bill.com is vertical-agnostic and lacks energy market specific tariff/ISO logic.

Direct peers

• Uplight: Uplight is an energy customer engagement and billing platform serving electric utilities and their C&I customers, with overlapping capabilities in customer billing workflows, settlement and energy data analytics. Like Synota, Uplight targets the C&I energy buyer-seller relationship with SaaS.
• Wattifi: Wattifi offers sub-meter and utility billing management software for property owners and C&I operators, comparable to Synota's multi-meter contract support and automated invoicing/payment workflows for C&I energy consumers.
• Strike: Strike operates a global Bitcoin payments network built on Lightning and is an integration partner of Synota for BTC payouts. Strike is comparable as a Lightning settlement partner and could be seen as adjacent competition for Lightning-based B2B payment workflows.
• EnergyCAP: EnergyCAP provides utility bill management and energy data management software for enterprises, directly comparable to Synota's bill auditing, tariff analysis and reporting capabilities for C&I customers. Both target the same accounts payable/energy accounting buyer persona.
• UtilityAPI: UtilityAPI provides automated access to utility billing and interval data for C&I customers and energy service companies, directly comparable to Synota's automated energy data ingestion, ISO feed integration and bill/usage data pipeline capabilities.
• EnergyHub: EnergyHub operates a DER management platform used by utilities, including C&I demand response and settlement features. Comparable to Synota in addressing multi-ISO billing/settlement and customer-facing energy workflows at the C&I segment.
• OpenNode: OpenNode provides Bitcoin and Lightning Network payment processing for merchants and enterprises, with comparable Lightning-based settlement rails used by Synota. They compete in the Lightning-as-a-service layer that Synota leverages for energy payments.

Emerging players

• Voltus: Voltus is a distributed energy resources (DER) marketplace and energy data platform with which Synota has a direct energy-reader integration. Voltus competes partially in the C&I energy data aggregation and settlement workflow space Synota addresses.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/Synota_
• LinkedInlinkedin.com/company/synota

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds1 record

Investors8 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Synota