Built by Bankers, for Bankers

Loan syndication — the process by which multiple banks share the risk and funding of large loans — is one of the most relationship-driven and manually intensive processes in banking. Community and regional banks, which lack the infrastructure of Wall Street firms, often manage syndication through spreadsheets, emails, and phone calls. Synply is changing that.

Spun out of Live Oak Bank in 2024, Synply was built by people who lived the problem firsthand. CEO Corbin Penland and CTO Radek Filarski developed the platform within Live Oak Bank before launching it as an independent company, bringing the efficiency of modern cloud software to an industry that desperately needs it.

What They're Building

Synply's cloud-based platform digitizes the entire loan syndication workflow: finding participating banks, sharing deal information securely, managing commitments, and tracking the lifecycle of syndicated loans. For community banks that might participate in a handful of syndications per year, the platform eliminates weeks of back-and-forth and dramatically reduces the risk of errors.

Why It Matters

The $4.8 million seed round, co-led by Canapi Ventures and Live Oak Ventures, positions Synply to become the standard platform for loan syndication among smaller banks. In a sector where technology adoption has historically lagged, the combination of banker-built credibility and modern cloud infrastructure gives Synply a unique advantage.