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