Synctera, which aims to serve as a matchmaker for community banks and fintechs, has raised $33 million in a Series A round of funding led by Fin VC. The raise comes just under six months after the fintech raised $12.4 million in a seed round of funding. New investors Mastercard and Gaingels also participated in […]
Scrypt AI Closes Seed Funding from Fintech Leaders
Share Article CAMBRIDGE, Mass. (PRWEB) April 01, 2021 Scrypt AI announced that it has closed its first round of funding in direct response to overwhelming demand for artificial intelligence solutions for treasury management. Scrypt AI will use the funding to scale its market ready products across several industry sectors, having just announced that its software has been used to process thousands of invoices worth over $1B.
Founded in late 2020 as a spin off from MIT machine learning company Composable Analytics, Inc., Scrypt AI has operationalized an end-to-end AI data capture platform for automatic document digitization and payment processing. “We’re seeing a tremendous demand for efficient financial operations,” said Andy Vidan, CEO. “Scrypt AI applies artificial intelligence in a unique way to augment humans and automate workflows.
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