Tagged: synapse

Synapse Failure Impacts Other Fintechs, Crowdfunding Platforms

Synapse, a Banking as a Service (BaaS) provider labeled in 2023 as one of the World’s Best Fintech Companies by CNBC, is in the throes of bankruptcy. In just a few short months, things have changed dramatically at Synapse it seems. It has been reported… Read More

TabaPay Acquires Assets of Synapse Financial Following Bankruptcy Filing

TabaPay will acquire the assets of Synapse Financial Technologies following the decision of the firm to file for Chapter 11 bankruptcy. The courts must first approve the agreement. The specific terms were not revealed. TabaPay is a payments and transfers Fintech that reportedly provides services… Read More

Fintech TrueAccord Partners with Synapse to Expand Collections as a Service Offering

TrueAccord Corporation, a debt collection firm providing machine learning or ML-powered digital recovery solutions, recently announced a partnership with Synapse as “an expansion of its Collections-as-a-Service offering.” The partnership will bring the “best-in-class” collection and recovery capabilities of TrueAccord to Synapse’s fintech partners and customer… Read More

BaaS Fintech Synapse Introduces Credit Hub, a Full-Stack API Leveraging Mastercard Network to Serve Small Businesses

Synapse, a banking-as-a-service or BaaS platform developed to increase access to “best-in-class” financial products, has introduced the Synapse Credit Hub, which is described as a full-stack API platform created to support “innovative” credit solutions for individuals and businesses, by leveraging the Mastercard network. As explained… Read More

San Francisco based Fintech Synapse Reportedly Lays Off Half its Workforce, Now Focused on Restructuring Business Due to COVID-19

San Francisco-based Fintech firm SynapseFI has reportedly cut down the number of employees on its payroll. The company is also planning to expand its operations in Texas in order to diversify its business strategy and survive the COVID-19 crisis. Synapse offers several back-office financial products… Read More

Banktech: Synapse Closes on $33 Million Series B Funding led by Andreessen Horowitz

Banking financial service software provider Synapse has closed on a Series B Funding round led by Andreessen Horowitz (a16z). Synapse raised $33 million in the funding round with participation from existing investors Trinity and Core Innovation Capital. As part of the investment, Angela Strange (General… Read More

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