Sync Savings secures funding for savings built into payroll
Sync lets employers offer workplace savings through payroll, turning an employee’s regular contribution into an automatic transfer each payday.
Saving as part of getting paid
Sync connects to payroll, benefits platforms and employer portals so employees can open a savings account and choose a regular contribution. Each pay cycle, payroll deducts the amount from net pay and transfers it into the employee’s account, making saving a repeatable action rather than a separate monthly task.
Its Universal Access product is designed to make an account available to every employee from day one. Employers and payroll partners can offer that benefit through Sync’s existing account and payment infrastructure, while workers manage their savings in a dedicated portal or embedded app.
A workplace channel for routine saving
The funding round gives Sync backing to expand a model built around existing employer and payroll relationships. By embedding contributions in the pay cycle, the platform aims to make short-term saving accessible to employees through a familiar workplace benefit, without requiring each employer to build the underlying account and transfer systems.