Sources describe the collapse of fintech middleman Synapse that left ~$200M in customer money frozen, with entities blaming each other for shoddy recordkeeping
In 2022, after her family had a series of health scares, Kayla Morris sold her house. She cleared $280,000, representing 15 years of her life savings.
Customers of banking startups like Yotta describe losing savings ranging from $7,000 to $200,000+ due to Synapse's collapse, after US regulators refused to help
Customers believed the accounts were backed by the full faith and credit of the U.S. government. … Augie Ray / @augieray@mastodon.social : For fifteen years, I've heard how traditional financial servi...
Instant payment company TabaPay pulls out of its $9.7M deal to buy the assets of banking-as-a-service startup Synapse amid infighting among fintech players
Mary Ann Azevedo / TechCrunch :
TabaPay, which offers instant payment services, agrees to acquire assets of banking-as-a-service startup Synapse, after Synapse filed for Chapter 11 bankruptcy
We are excited to announce that TabaPay is acquiring the assets of Synapse. TabaPay, Inc. : TabaPay to Acquire the Assets of Synapse Financial Technologies, Inc. X: Rohit Mittal / @rohitdotmittal : Fo...
The Hong Kong Stock Exchange announces Synapse, designed to streamline post-trade processes using smart contracts, which will go live on October 9
HKEX says the system, used by traders in Hong Kong to buy stocks in China, will speed up settlement and provide greater transparency.
Synapse, which provides payment, deposit, lending, and investment products as APIs to fintech companies, raises $33M Series B, bringing the total raised to $50M
20 years ago, if you had a great idea for an online … Jon Russell / TechCrunch : Fintech platform Synapse raises $33M to build ‘the AWS of banking’ PYMNTS.com : Synapse Raises $33M As It Gears Up To E...