Money management app Sync. said to raise $5.5m in its seed round

Account aggregation service Sync. has reportedly netted £5.5m in a seed funding round to support its European expansion.

The company is already looking to raise its Series A round, according to a report from Crowdfund Insider.

Sync. allows users to manage all of their financial accounts in a single location, simplifying the transferring of money between accounts. Accounts all come with a Mastercard card. People can also transfer money to other Sync. users for free.

Users can also use the app to exchange GDP to EUR, with more currencies to be supported in the future. One of the services Sync. is looking to release in the future will be the ability to hold several different currencies at once.

Through Sync. users can receive rewards and discounts from a number of partnered companies and they can use the Sync. card to make payments around the world.

Some of the new features the FinTech is currently developing are budget and money tracking tools, and additional rewards.

The company has a waitlist of around 37,000 users, according to the article.

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