Search Results for "TabaPay"
3 results for "TabaPay"
Deals 3
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 without access to funds. A proposed $9.7 million acquisition by TabaPay fell through, leaving fintech partners scrambling for new banking relationships.
Synapse Files for Bankruptcy; TabaPay Plans Distressed Asset Acquisition
BaaS middleware provider Synapse filed for bankruptcy in April 2024 amid regulatory disputes, deposit insurance misrepresentations, and fund access problems for end users. TabaPay announced plans to acquire Synapse's assets and affiliates in a distressed deal. The collapse highlighted systemic risks in third-party BaaS oversight and followed similar exits by middleware platforms Rize, Apto Payments, and Bond.
Pathward and TabaPay Deepen Partnership to Enable Faster Money Movement
Pathward and TabaPay expanded their existing partnership to enhance faster money movement solutions for fintech and merchant partners. Building on their initial 2020 collaboration, the deepened relationship enables push and pull payment capabilities through TabaPay's platform. This creates a more complete end-to-end Banking-as-a-Service offering for Pathward's ecosystem.