Founded in 2014 by Sankaet Pathak, Synapse Financial Technologies, Inc. positioned itself as a key infrastructure provider in the fintech ecosystem. Its mission was to enable developers and companies to easily embed financial services like bank accounts, payment processing, card issuance, and loan products into their applications through a unified API platform. By acting as an intermediary between fintech companies and FDIC-insured partner banks, Synapse aimed to simplify the complexity of financial regulations and bank partnerships. However, the company faced significant operational, regulatory, and financial challenges, leading to public disputes with partners and culminating in its filing for Chapter 11 bankruptcy protection in April 2024.

Founded in

United States