Synapse Financial Technologies
US · San Francisco, California · N/A — middleware provider
Synapse Financial Technologies is a BaaS Provider based in US (San Francisco, California), regulated by N/A — middleware provider. The institution's BaaS program is currently collapsed, launched in 2014.
Synapse Financial Technologies supports the following products and services: Formerly: Accounts, Cards, Payments, Lending. The bank serves customers across US.
Notable fintech partners include Dave (former), Yotta (former), Juno (former), Mercury (former).
- Products Supported
- Formerly: AccountsCardsPaymentsLending
- Geographies Served
- US
- Charter / Regulator
- N/A — middleware provider
- API Standards
- REST API
- Minimum Deal Size
- Not publicly disclosed
- Year Program Launched
- 2014
Dave (former), Yotta (former), Juno (former), Mercury (former)
CFPB enforcement action (Aug 2025) — violated Consumer Financial Protection Act by failing to maintain adequate records of consumer funds; DOJ grand jury criminal investigation initiated Oct 2024
WARNING: Filed Chapter 11 bankruptcy April 2024. $65M–$96M in customer funds missing. Bankruptcy case dismissed Nov 2025.
2M to reimburse victims (Nov 2025). Industry-defining collapse that reshaped BaaS regulation.