Founded in 2014 by Sankaet Pathak and Bryan Keltner, Synapse Financial Technologies, Inc. positioned itself as a key infrastructure provider in the fintech ecosystem. Its mission was to enable any company to build and launch sophisticated financial applications through its Banking-as-a-Service (BaaS) platform. Synapse acted as a middleman, connecting fintech companies with its network of FDIC-insured partner banks (like Evolve Bank & Trust) to offer services such as bank accounts, payment processing, card issuance, and loan origination. However, the company faced significant operational and financial challenges, leading to public disputes with its banking partners and culminating in it filing for Chapter 11 bankruptcy in April 2024.

Founded in

United States