Is Synapse a funded company?

Synapse is a funded company, having raised a total of $***** in its 1st and only funding round.

Where does Synapse rank among its competitors?

Synapse ranks 333rd amongst 338 active competitors, of which 52 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Happl, which secured $11M in May, 2026.

Who are the top competitors of Synapse?

Synapse's top competitors include Businessolver, ePassi and Bswift. Among them, Happl secured the most recent funding round in May, 2026.

Synapse - 2026 Company Profile & Competitors

Company Details

Provider of AI-powered platform for automated benefits compliance and reporting. The platform transforms human resources data into compliant filings. It integrates with various human resources information systems through application programming interface or secure file upload. The platform applies rules to determine full-time employee status, affordability, and penalty risk. It generates Internal Revenue Service forms in portable document format for electronic filing.

Key Metrics

Stage

Unfunded

Ranked

333^rd among 338 active competitors

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Synapse has not raised any funding rounds yet.

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Top competitors of Synapse include Businessolver, ePassi and Bswift. Here is the list of Top 10 competitors of Synapse, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Businessolver 1998, West Des Moines (United States), Late Stage	Cloud-based employee benefits administration solution	$65.2M	JMI Management, Stone Point Capital & 4 others	73/100
2nd	ePassi 2007, Espoo (Finland), Acquired	Online payment solution for businesses	$45.4M	First Fellow Partners, Bregal Milestone & 1 others	72/100
3rd	Bswift 1996, Chicago (United States), Acquired	Provider of benefits administration solutions for enterprises	$51M	Great Hill Partners, Escalate Capital Partners	72/100
4th	Nayya 2010, New York City (United States), Series C	Provider of an AI platform optimizing employee health and wealth benefits	$106M	Iconiq Capital, Workday Ventures & 16 others	69/100
5th	Ease 1994, San Francisco (United States), Acquired	Cloud-based platform for employee benefits administration	$60M	Centana Growth Partners, Spectrum Equity & 7 others	64/100
6th	Bennie 2019, New York City (United States), Series A	Provider of employee benefits platform and brokerage services for employers	$100M	Motley Fool Ventures, Silverton Partners ... & 10 others	62/100
7th	Forma 2017, Fremont (United States), Series B	Provider of platform for managing flexible employee benefits and spending accounts	$57.6M	Ribbit Capital, Advisors.Fund & 10 others	61/100
8th	Empyrean 2006, Houston (United States), Acquired	Provider of employee benefits solutions for enterprises	$56M	FTV Capital, Claritas Capital & 2 others	60/100
9th	PTO Exchange 2013, Woodinville (United States), Seed	Provider of a platform enabling employees to exchange paid time off	$8.4M	TTV Capital, WestRiver Group & 8 others	59/100
10th	Happl 2020, London (United Kingdom), Series A	Cloud based employee benefits and engagement platform	$16.5M	Portage, 6 Degrees Capital & 13 others	56/100
333rd	Synapse Unfunded	Provider of AI-powered platform for automated benefits compliance and reporting	-	-	16/100