In 2021, JP Morgan became the second major US lender to enter the UK retail banking market, following Goldman Sachs, which started offering its service in 2020.
Our funding comes in a crucial time for Synthesia, as we aim to fuel the next phase of growth, support product development, and enter new markets. The infusion of capital will allow us to enhance our AI-powered video platform for a diverse range of customers, including Fortune 100 companies and small businesses.
According to the KPMG poll of 1,500 companies, 92% of business owners are optimistic about growth in 2025, despite existing economic challenges. Much of this confidence stems from expectations of rising demand both domestically and internationally, suggesting a readiness to explore new products and markets.