Synota: An energy tech firm leveraging bitcoin technology for instant settlements.
Location
Columbus, OH, US
Founded
2022
Synota is an energy technology firm that leverages bitcoin technology to provide transactional flexibility and instant settlements within the energy industry. The company focuses on enhancing cash flow, mitigating credit risk, and saving time for energy suppliers, utilities, and infrastructure providers. Synota's solutions aim to de-risk energy contracts and transform financial operations into a business advantage.
Synota's investment philosophy centers around automating B2B energy settlements to lower collateral requirements, reduce risk premiums, and improve customer experiences. The firm offers daily invoicing and payments, which reduces accounts receivable and allows for immediate action on non-payments. This approach not only streamlines operations but also provides a significant competitive edge for its clients in the energy sector.
Synota - Classification
Also Known As
Synota Inc.
NAICS
520000Finance and Insurance
522000Credit Intermediation and Related Activities
522300Activities Related to Credit Intermediation
522320Financial Transactions Processing, Reserve, and Clearinghouse Activities
SIC
6000Depository Institutions
6090Functions Related To Depository Banking
6099Functions Related To Depository Banking, Not Elsewhere Classified
Show 3 more industry codes
SIC
6200Security And Commodity Brokers, Dealers, Exchanges, And Services
6280Services Allied With The Exchange Of Securities Or Commodities
