FINSYNC is a financial technology platform, not a bank. FINSYNC facilitates a comprehensive payments and financial ecosystem, connecting US-based businesses with partnered banks and credit unions to access various services.
Checking accounts are provided through bank partners that are members of the FDIC and the Federal Reserve System, ensuring regulatory compliance and security for account holders.
CollectEarly™ is a unique cash advance service, allowing businesses to access funds against outstanding payment requests or accounts receivable. This service is extended by members of the financial network through FINSYNC Servicing, LLC, which manages the collection process on behalf of both the customer and network members. Acting as a payments network operator, FINSYNC Servicing, LLC ensures efficient fund disbursement and repayment.
Business Financing encompasses loans directly offered by financial network members through FINSYNC. These loans are then serviced by the respective partner bank, credit union, or lender involved in the transaction, enhancing accessibility and streamlining the borrowing process for businesses.
Participating lenders within the financial network are federally-insured, federally and state-chartered financial institutions, or licensed lenders. They adhere to non-discriminatory credit practices, ensuring fair access to credit irrespective of factors such as age, race, color, religion, national origin, gender, or familial status.