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Synply raises $4.8m in Seed funding

Wilmington based loan syndication platform spun out of Live Oak Bancshares raised $4.8m in Seed funding led by Canapi Ventures and Live Oak Ventures.

“Putting the customer first is a major part of the Live Oak Bank ethos. We didn’t have the tools to create the seamless process that we wanted, both for our borrowers and participants. We built Synply to bridge a critical gap in functionality required to enhance the experience of our banking partners and borrowers.”

Tags

banking, lending