“Can a purpose-built fintech OS capture the underserved fiscal-sponsor and nonprofit finance market by embedding banking, spend management, and compliance in a single platform?”
Founded in 2022 by nonprofit-sector veterans who saw that existing fintech platforms were not designed for the unique compliance, fund accounting, and fiscal sponsorship needs of nonprofits. Rather than building a horizontal SMB banking tool, Mazlo targeted fiscal sponsors — organizations that provide financial and legal infrastructure to unincorporated projects — a niche historically ignored by fintech. The company raised $4.6M from a16z and social-impact investors to go to market with a vertically integrated finance OS for nonprofits, powered by Synctera's BaaS platform and Regent Bank as sponsor bank.
Mazlo discloses Synctera as its banking provider, with Regent Bank as its sponsor bank, according to the Embedded Finance Index 2026.
Mazlo does not disclose a bank charter of its own; its banking services are provided through Regent Bank.
The Embedded Finance Index 2026 maps 2 layers in Mazlo's stack: Banking / BaaS (Synctera); Sponsor bank (Regent Bank).
Mazlo was founded by Kian Alavi, Sean Anderson and Chad Haynes and is founded in 2022, headquartered in San Francisco, California, United States.
Mazlo has raised $4.6M in total (latest round: Seed, 2024).
Get a read on where your own stack stands against Mazlo and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.