Sync Savings, a fintech start-up that aims to connect savings providers to more cost-effective technology and infrastructure, has launched in the UK.
In brief:
-The start-up was founded this year by Joss Tasker (CEO) and Alex Fox (COO), both of whom are former Monzo executives.
-Speaking to AltFi, the pair confirmed that the company has recently closed a pre-seed funding round
-It also intends to extend the reach of its services to third-party providers through APIs
What does this mean?
The FinTech is aiming to serve account providers, namely small and medium-sized banks and building societies, with an end-to-end savings infrastructure platform that will enable them to launch new products quickly and seriously compete with larger contenders
