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Synply Co-Founders, Radek Filarski, CTO (left), and Corbin Penland, CEO (right).
Every great company begins with a problem that refuses to be ignored.
For us, that problem was loan syndication, one of the most important yet underserved processes in banking.
When Corbin Penland lead the loan syndications group at Live Oak Bank in 2018, the challenge was clear from the start. Managing syndicated loans required a mountain of spreadsheets, emails, and manual coordination. As the portfolio grew, so did the inefficiencies.
“We spent a lot of time looking at process and thinking about how technology could complement that and help the business scale,” says Penland, now CEO and Co-Founder of Synply. “There just wasn’t much out there that reduced manual data entry or created the kind of efficiency that teams need.”
The pain points became impossible to ignore.
So, in true entrepreneurial fashion, Corbin and veteran software engineer Radek Filarski set out to solve the problem themselves.
Together, they built the first proof of concept for a syndication platform that could replace manual processes with clarity, structure, and automation.
Their vision was simple: Create a single, modern system where lead banks and participants could see the same data, at the same time, with total transparency.
From Frustration to Foundation
After developing the prototype and validating it with banking leaders, Synply was officially incubated inside Live Oak in 2023.
The platform became the syndications team’s primary system, giving Corbin and Radek the opportunity to test, break, and refine the product in a real-world environment.
“It was a great way for us to work out early kinks and figure out where there was obvious room for improvement,” says Penland.
That experience paved the way for Synply’s next chapter, an independent company with a clear mission: to make syndicated lending simpler, smarter, and more connected.
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From chaos to clarity, Synply makes it simple.
Where Synply Is Now
In October 2024, Synply completed a $4.8 million seed round co-led by Canapi Ventures and Live Oak Ventures, with participation from Woodforest Financial Group, OFG Bancorp, TReK Capital Partners, and several industry veterans.
The support reflects a growing belief that syndicated lending is overdue for modernization, and that Synply is the team to deliver it.
Synply’s platform now helps banks centralize every part of the syndication process:
· Managing deals from origination through servicing
· Sharing data and documents securely between participants
· Streamlining covenants, tasks, and reporting
· Building workflows that automate routine processes
What’s Next: AI and the Future of Syndication
Synply is now expanding its capabilities through AI-driven insights and automated workflows that make it easier for banking teams to act quickly and confidently.
Imagine being able to:
· Ask the system to summarize deal notes instantly
· Create follow-up tasks automatically from those insights
· Trigger workflows that send updates, generate reports, or notify participants, all from a single prompt
This is the future Synply is building, one where bankers spend less time managing information and more time managing relationships.
Because technology shouldn’t replace the human side of banking.
It should empower it.
The Vision Ahead
Synply was built to solve real problems for real bankers, and that mission hasn’t changed.
“We’re incredibly grateful for the support from our investors and partners,” says Penland. “But more than anything, we’re excited about what this means for the people using our platform. We want to make their work easier, faster, and more rewarding.”
With innovation at its core and trust at its foundation, Synply is redefining what’s possible for loan syndication, one workflow, one deal, and one relationship at a time.
Thank you for being part of our journey.
Stay tuned as we continue to simplify the complex and bring more clarity to the world of syndicated lending.
Learn more at synply.io