Synapse’s collapse has frozen nearly $160M from fintech users — here’s how it happened
The collapse and bankruptcy of BaaS fintech Synapse has revealed how treacherous things are for the often-interdependent fintech world when one key player hits trouble. Synapse operated a service that allowed others (mainly fintechs) to embed banking services into their offerings. For instance, a software provider that specialized in payroll for 1099 contractor-heavy businesses used […]
Synapse’s collapse has frozen nearly $160M from fintech users — here’s how it happened Read More »