- Headquarters
- San Francisco, California
- Employees
- 51–200
- Founded
- 2014
- Business Model
- B2B
- Website
- synapsefi.com
- Total Funding
- $50.0M
- Last Round
- $33.0M Series BJun 2019
- Rounds
- 2
About
Synapse Financial Technologies (SynapseFI) was a Banking-as-a-Service (BaaS) platform that provided the middleware infrastructure enabling fintech companies to offer bank-grade deposit accounts, debit cards, and credit products via APIs. Founded in 2014 by Sankaet Pathak, Synapse served over 100 fintech clients and facilitated accounts for approximately 10 million end users by acting as a bridge between nonbank fintech platforms and FDIC-insured partner banks. The company filed for Chapter 11 bankruptcy in April 2024, leading to the freezing of approximately $160M in customer funds across partner fintechs. The bankruptcy case was subsequently converted to Chapter 7 liquidation.
Summary
Synapse is a Fintech company based in San Francisco, United States, founded in 2014. It has raised $50.0M in total across 2 rounds, most recently a $33.0M Series B round in Jun 2019. Investors include Core Innovation Capital, Andreessen Horowitz and Trinity Ventures.
Tech & App Stack
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Funding History
Jun 2019
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Investors
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