Synctera and LoanPro Collaborate to Streamline Embedded Credit Product Launches
NEW YORK – Synctera,a provider of embedded finance infrastructure,has partnered with LoanPro,a credit infrastructure company,to offer a platform enabling companies to launch customizable credit card products. The collaboration aims to simplify the process for FinTechs, payments companies, and banks to introduce innovative credit offerings with features like flexible spend controls, varied interest rates, and personalized user experiences.
The new platform leverages Synctera’s regulatory expertise and LoanPro’s flexible credit infrastructure. This combination allows partners to quickly deploy credit products tailored to specific customer needs while maintaining robust security and compliance.
“financial innovation doesn’t stop at deposit and debit products,” said Synctera’s post announcing the partnership. “With the launch of the Synctera Credit Card we are excited to continue powering even more of the future of finance with the infrastructure and tools build for modern FinTech and embedded finance products.”
Rhett Roberts, CEO and Co-founder of LoanPro, emphasized the benefits of the partnership, stating, “By partnering with synctera, which brings deep regulatory expertise, we’re delivering a platform that allows FinTech, payments and banking companies to launch innovative credit products quickly, to suit their customers’ unique needs, while maintaining the highest standards of oversight and security.”
The declaration follows Synctera’s $15 million funding round in March, which the company stated woudl accelerate growth and support its ability to meet customer demands.
“This is a vote of confidence that enables us to continue to drive scalable growth and excellence for our customers and community of banks,” Synctera Co-Founder and CEO Peter hazlehurst said in a press release at the time.
Synctera provides the infrastructure for companies to offer banking-as-a-service, while LoanPro specializes in loan management and credit infrastructure. The partnership represents a growing trend toward embedded finance, where financial services are integrated directly into non-financial platforms and customer experiences.
