Synder

Synder is a cloud service that allows you to automate accounting, as well as correctly link sales from different sources to the same ecosystem. Synchronization, according to developers, allows you to track sales by product, client and geography, generate reports with a clear picture of sales and business costs, and also opens up opportunities for entrepreneurs to automate back-office processes and reduce operating costs.

Synder was founded in 2019 by immigrants from Belarus Mikhail Astreiko and Ilya Kisel. The startup's office is in San Francisco.

History

2021: Raising $2 million of investments, including from TMT Investments

June 15, 2021 it became known about the attraction by Synder of investments in the amount of $2 million. The main investor in the financing round was the venture fund TMT Investments. For what purposes the funds received will be spent, it is not reported, as well as the estimated cost of the startup.

Synder, a Belarusian-based accounting automation service, raised $2 million

Accounting automation is a very necessary trend, gaining more and more momentum. The Synder team managed to create a great product for e-commerce. And we are glad to support this excellent team in a new round, the purpose of which is to strengthen expansion in the market, "commented Artem Inyutin, co-founder and managing partner of the TMT Investments venture fund.

By June 2021, the startup supports more than 20 popular e-commerce platforms and payment facilities (Amazon, Shopify, PayPal, Stripe, Square, etc.), and the number of platform users exceeds 20 thousand companies around the world. The service offers several tariffs:

• $19.99 per month for self-employed;
• $39.99 for small companies;
• $199.99 for big business.

According to Synder CEO Mikhail Astreiko, the service facilitates business the task of aggregating warehouse and accounting in one place.