SyntheticFi (Founding)

Funding Details
Awarder
YCombinator
Date Award
July 03, 2023
Vertical
Fintech,Asset Management
Funding URL
View Funding Page

Company Info
Founding Year
2023
Company Description
Borrowing money against investments is a $700B strategy used by the rich to defer taxes, stay invested in the market, and create wealth. Retail clients have to pay 12%+ margin rate to use this strategy, while the rich pay 6-8%. SyntheticFi helps the mass affluent borrow at 5.83%, without moving their investments to different brokerage accounts.
Market
Fintech
Location
San Francisco, CA, USA
Coinvestors
YCombinator

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