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12 results for "Synapse"
Deal Feed10
Deal FeedJun 7, 2019
Synapse Raises $33M Series B Led by Andreessen Horowitz for BaaS Platform
Synapse, a banking-as-a-service platform providing payment, deposit, lending, and investment APIs, raised $33 million in Series B funding led by Andreessen Horowitz. Trinity Ventures and Core Innovati...
SynapseAndreessen HorowitzTrinity VenturesCore Innovation Capital
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Deal FeedFeb 10, 2025
Synapse Bankruptcy Fallout Accelerates Direct Bank-Fintech Partnerships
Coverage in February 2025 detailed how Synapse's April 2024 bankruptcy continues to reshape the BaaS landscape. The middleware provider's collapse left fintech clients and consumers scrambling to reco...
Synapse
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Deal FeedOct 20, 2022
Synapse Partners with American Bank for BaaS Sponsor Banking Services
Synapse Financial Technologies announced a partnership with American Bank of Le Mars, Iowa, as a new sponsor bank. American Bank will provide FDIC deposit insurance, payment processing, and card issua...
Synapse Financial TechnologiesAmerican Bank
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Deal FeedJun 28, 2024
BaaS Middleware Provider Synapse Files for Bankruptcy
Synapse, a prominent BaaS middleware provider connecting banks and fintechs, filed for bankruptcy on June 28, 2024. The collapse disrupted multiple fintech partnerships and left thousands of customers...
SynapseEvolve Bank & TrustYottaMainvest
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Deal FeedAug 1, 2022
Synapse Partners with Lineage Bank to Expand BaaS Platform
Synapse announced a partnership with Lineage Bank, adding the Tennessee-based bank as a sponsor bank on its BaaS platform. Lineage provides FDIC deposit insurance, payment processing, and card issuanc...
SynapseLineage Bank
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Deal FeedAug 4, 2021
Synapse Launches Credit Hub BaaS Platform with Mastercard
Synapse launched its Credit Hub, a white-label BaaS platform enabling fintechs and neobanks to build customizable credit products via APIs in partnership with Mastercard. The platform supports card is...
SynapseMastercard
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Deal FeedSep 1, 2024
Synapse Bankruptcy Prompts Industry Call for BaaS FBO Account Standards
In the wake of the Synapse bankruptcy, legal and industry experts published analysis calling for standardization of For Benefit Of (FBO) account practices in banking-as-a-service partnerships. The Syn...
SynapseTroutman Pepper
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Deal FeedMay 1, 2019
Evolve Bank Partners with Synapse to Power Banking-as-a-Platform for Fintechs
Evolve Bank & Trust partnered with middleware provider SynapseFI (Synapse) to offer banking-as-a-platform services for fintechs via APIs for payments, deposits, lending, and investments. Synapse handl...
Evolve Bank & TrustSynapseEmpowerBeam
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Deal FeedOct 1, 2023
Mercury Ends Middleware Contract with Synapse in Late 2023
Neobank Mercury terminated its contract with BaaS middleware provider Synapse, triggering layoffs at Synapse. The move reflects a broader industry trend of mature fintechs seeking direct bank relation...
MercurySynapse
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Deal FeedNov 1, 2024
Class-Action Lawsuit Targets Evolve and Partner Banks Over Synapse Bankruptcy Fallout
A class-action lawsuit was filed against Evolve Bank & Trust, Lineage Bank, AMG National Trust, and American Bank over mishandled customer deposits following Synapse's April 2024 bankruptcy. Customers...
SynapseEvolve Bank & TrustLineage BankAMG National Trust
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