Synapse
Banking-as-a-Service infrastructure
Why It Closed
Bankruptcy - $265 million in consumer funds frozen
🏢 Company Overview
ℹ️ About Synapse
Synapse Financial Technologies was a Banking-as-a-Service (BaaS) middleware provider that connected fintech apps to partner banks like Evolve and Lineage. It powered dozens of fintechs including Yotta, Juno, and Copper.
The company filed for bankruptcy in April 2024, leaving over 100,000 consumers without access to approximately $265 million in funds.
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