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US · N/A — middleware provider

The CFPB took enforcement action against Synapse Financial Technologies, a BaaS middleware provider. The citation references the CFPB's official enforcement actions page for Synapse.

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...

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 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, 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...

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...

...m. Lineage provides FDIC deposit insurance, payment processing, and card issuance to fintechs using Synapse. The deal supports Synapse's multi-bank strategy to help fintechs launch regulated financial...

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...