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Synota
Synota is a financial technology company that offers a platform for automated energy payments. It serves commercial and industrial clients by streamlining payments for energy contracts, reducing financial risk, and improving cash flow.
Distributed
Description
Synota provides an automated payment platform for Commercial & Industrial (C&I) energy contracts, designed to reduce financial risk and ensure consistent cash flow. The service offers granular daily charges, automates payments, and tracks accounts receivable, which helps mitigate credit risk and lower collateral requirements. It also automates contract enforcement, provides real-time insights, and generates auditable reports. The platform is SOC2 Type 2 and SOC1 Type 1 certified and is trusted by energy suppliers and brokers in markets like ERCOT, PJM, and NYISO. It can be integrated with existing billing systems or used as a standalone service.Grant Funding
VC Funding
None
2022
$0
$3M