Owners of small- and medium-sized businesses check their bank balances daily to make financial decisions. But it’s enterpreneur Yoseph West’s assertion that there’s typically information and functions missing […]
The demise of BaaS fintech Synapse could derail the funding prospects for other startups in the space
Welcome to TechCrunch Fintech! This week, we’re looking at the long-term implications of Synapse’s bankruptcy on the fintech sector, Majority’s impressive ARR milestone, and more! To get a […]
With a16z-backed Synapse’s collapse, BaaS fintech is a mess and 10 million consumers could be hurt
Last year, the fintech startup world — star of the 2021 venture capital heydays — began to unravel as VC funding grew tight. As we step into mid-2024, […]
Teen fintech Copper had to emergency discontinue its banking, debit products
Another fintech startup, and its customers, has been gravely impacted by the implosion of banking-as-a-service startup Synapse. Copper Banking, a digital banking service aimed at teens, notified its […]
There’s a real appetite for a fintech alternative to QuickBooks
Welcome to TechCrunch Fintech! This week, we’re looking at the continued fallout from Synapse’s bankruptcy, how Layer wants to disrupt SMB accounting, and much more! To get a […]
A US trustee wants troubled fintech Synapse to be liquidated via Chapter 7 bankruptcy, cites ‘gross mismanagement’
The prospects for troubled banking-as-a-service startup Synapse have gone from bad to worse this week after the United States Trustee filed an emergency motion on Wednesday. The trustee […]
Inside TabaPay’s drama-filled decision to abandon its plans to buy Synapse’s assets
Welcome to TechCrunch Fintech! This week, we look at the drama around TabaPay deciding to not buy Synapse’s assets, as well as stocks dropping for a couple of fintechs, […]
Infighting among fintech players has caused TabaPay to ‘pull out’ from buying bankrupt Synapse
TabaPay has abandoned its plans to purchase the assets of troubled banking-as-a-service startup Synapse, TabaPay confirmed to TechCrunch today. Synapse says the problem is banking partner Evolve Bank […]
Stripe’s big changes, Brazil’s newest fintech unicorn and the tale of a startup shutdown
Fundid’s founder shares how rising interest rates, VCs and partners killed the business finance startup Mary Ann Azevedo 7 hours Welcome to TechCrunch Fintech! This week, we’re looking at […]
SoftBank-backed TabaPay is buying the assets of a16z-backed Synapse, after it filed for bankruptcy
After a tumultuous year, banking-as-a-service (BaaS) startup Synapse has filed for Chapter 11 bankruptcy and its assets will be acquired by TabaPay, according to the two companies. The […]