The Launchpad for Financial Innovation. The only BaaS platform enabling companies across the globe to launch feature-complete deposit & credit products in weeks
An article by
@sankaet
(
@synapsefi
) was recently featured in
@FastCompany
noting the upcoming banking revolution. The article touches on embedded finance, the buying power of Gen Z, the growing reach of banking, & a regulated cryptocurrency comeback.
We’re at an inflection point in the evolution of BaaS and Modular Banking is the next chapter. We’ve implemented Modular Banking w/ Lineage Bank, with more coming soon.
Synapse Partners with American Bank
The partnership enables fintech companies to build and deliver innovative digital financial services to their customers. This partnership is an extension of our modular banking strategy that includes Lineage Bank.
The recent SEC filing characterizing the agreement between Blue Ridge Bank and the OCC seems basic, but there is a lot to unpack.
Our host
@sankaet
(
@synapsefi
) is joined by Kevin Herrington (
@LineageBank
) & Neil Peretz (
@sawacredit
) to dissect the filing.
“Last year was a breakout year for
@synapsefi
in which we achieved numerous milestones and firsts. We’re grateful to our customers, partners, and the Synapse team for another strong year.”
@sankaet
, CEO.
Here are the 2022 highlights that stood out:
Understanding rules within fintech starts with the underlying public policy reason that caused those rules in the first place.
@sankaet
(
@synapsefi
), Rodney Williams (
@solofunds
), and Adam Shapiro (Klaros Group) discuss compliance and innovation in fintech.
To improve access to financial services across borders, fintech Usend (
@interbr
) launched a debit card for Brazilians traveling in the United States. This was made possible through their partnership with Synapse.
Read the full case study here:
.
@synapsefi
announced leadership team additions that relate to our broader strategic investment & focus on people, culture, & customer success. Jack Doan has joined as Chief People & Culture Officer & Derek Drennan has joined as Chief Customer Officer.
We’re proud to announce that
@synapsefi
has made the
@inc5000
list. Synapse ranked No. 1339 among America’s fastest-growing private companies and No. 92 among financial services companies. We are grateful to our customers, our team, and our partners.
One of the most important regulatory organization in fintech is the CSBS. Yet, few people of heard of it or its potential.
@sankaet
(
@synapsefi
), Rodney Williams (
@solofunds
), & Adam Shapiro (Klaros Group) discuss the potential for collaboration & growth.
The fintech ecosystem is evolving. Leaders in marginalized groups are finally building financial service products for the communities they are a part of.
@sankaet
(
@synapsefi
), Rodney Williams (
@solofunds
), & Adam Shapiro (Klaros Group) discuss growth.
Every year,
@ICOutlook
presents awards recognizing innovation in technology. This year, ICON Outlook recognized
@synapsefi
as a top 20 KYC solution provider. Synapse supports fintechs to stay ahead of fraudsters.
@synapsefi
CEO,
@Sankaet
, joined a panel at
@FintechNexus
discussing the 4 essential layers of embedded finance: Licensing, Technology, Operations, & UI. Synapse is advancing the frontier of innovation across all 4 layers.
The next Under the Hood episode explores the vision of democratizing access to cost-effective credit beyond borders.
@sankaet
, co-founder & CEO of
@synapsefi
is joined by
@MishaEsipov
, co-founder & CEO
@nova_credit
as they break down the challenges.
Are you an enterprise fintech looking to drive incremental revenue from your existing customer base?
Use Synapse’s interactive Fintech Revenue Modeling Tool. Use the tool to explore how multiple fintech revenue opportunities could impact your top line.
.
@sankaet
, our co-founder and CEO, shared his insights on a panel at
@Fintechnexus
LatAm. They covered a wide range of topics including the financial infrastructure in LatAm, embedded finance, customer adoption, and what the next year looks like.
In order to serve the entire world without disparities in access to consumer financial services,
@Sankaet
(
@Synapsefi
) argues we must seek to establish one store of value that transcends borders, and that is within the U.S. regulatory regime & structure.
Check out
@fintech_review
's insightful interview with our CEO,
@Sankaet
. He shares his personal journey leading to the founding of
@Synapsefi
, as well as insights into emerging trends in embedded finance. Read the full interview here:
#Fintech
#BaaS
The Financial Technology Report selected Synapse's CEO Sankaet Pathak to their Top 50 Financial Technology CEOs of 2022. Sankaet was chosen because, among other things, he is an accomplished and innovative leader. Congratulations Sankaet!
As people continue to migrate across the globe, their credit history and access to financial services are adapting to move with them.
@sankaet
(
@synapsefi
) is joined by
@MishaEsipov
(
@nova_credit
) to discuss the nuances of taking credit global.
What is the next level for identity and fraud avoidance in the financial ecosystem?
@sankaet
(
@synapsefi
CEO) &
@uqbar_
(
@Yieldstreet
CTO) explore a way for your identity and trust level to travel with you from platform to platform.
Hear more:
Banks are motivated by regulators to evaluate risk & compliance. Fintechs are motivated by VCs & investors to accelerate their path to build & launch compelling products. Their priorities conflict at a critical juncture - when the product is going-live.
Here’s another way to think about building a global, ongoing trust. Tune into the latest episode of Under The Hood to hear what else Sankaet Pathak (Synapse CEO) and Hrishi Dixit (Yieldstreet CTO) have to say on building a generalizable fraud solution.
Retail Banker International covered
@synapsefi
's 2022 break-out accomplishments & its plans for 2023.
First, they highlighted the launch of Global Cash. Then, they covered several topics, from embedded finance to regulations to banking’s growing influence.
We are thrilled to announce our new partnership w/ AMG National Trust. This collaboration represents an extension of our modular banking strategy, enhancing
@synapsefi
's capacity to rapidly deliver innovative fin. services to fintechs & their customers.
For fintechs affected by bank closures (e.g. Silicon Valley Bank and Signature Bank), we can help you. The
@synapsefi
FastTrack Program is designed for fintechs to re-enable payment processing services and get up and running in days. To get started, visit
As some of you know, we raised our Series B earlier this year. The round was led by a16z, with participation from our existing investors Trinity and Core along with few of our friends from the industry. The round was a little over $33M.
#synapse
#seriesb
Launching an embedded finance product requires careful consideration of licensing, technology, operations, user interface, & more. Check out
@synapsefi
's latest guide to learn about the different elements required to launch a successful product:
In our latest episode, we share a perspective on how to accelerate fintech innovation by failing forward fast and the use of regulatory sandboxes.
@sankaet
is joined by Rodney Williams, (
@solofunds
) and Adam Shapiro (Klaros Group).
Listen now:
Synapse has renewed its partnership with
@getevolved1925
, extending the set of sponsor bank services that it delivers to
@synapsefi
customers since 2017.
Get to know
@Mq2Oco
VP of Marketing, "I chose
@synapsefi
because of its potential to truly revolutionize the financial services industry. I look forward to working closely with our customers to drive growth and build awareness."
#womeninfintech
We made our product roadmap public last year. To continue in that tradition, we decided to announce what we plan to accomplish this year. Check it out: …
#synapsefi
#fintech
#roadmap
@synapsefi
Partners with
@Utoppia_US
Synapse is pleased to announce a partnership with Utoppia which is leveraging the Synapse platform to offer a borderless account, based in the U.S., designed for non-U.S. residents with global financial needs.
Welcome, Sheetal Parikh our new VP of Legal & Compliance. She will lead the charge in scaling compliance not only to meet our customer needs but also of the regulators. We welcome her leadership as we move into our next phase of growth.
#fintech
Stripe Treasury, disruptive as it appears, may be limited in its applicability to real-life use cases. Beyond the hype, will Stripe Treasury measure up to the banking demands of other fintechs? A thread (1/4) via
@tearsheetco
@sankaet
Congratulations to the
@getclair
team!! Wonderful to see
#Fintech
companies building amazing products while democratizing access to earned wages by reducing barriers, fees, and empowering the 80%+ of American workers living paycheck to paycheck.
#FinTech
#WorkWithSynapse
We're ready to embark on this journey to help America's hourly and gig workers get paid faster, and reduce their dependency on predatory payday loans!
#startups
#seedfunding
#fintech
#ewa
Here are the highlights of Synapse’s 2021 year in review. The team worked hard to bring a wide breadth of projects over the finish line and we are proud of everyone’s success. We are even more excited about our customer’s growth. Our success is fueled by their accomplishments.
.
@synapsefi
announces a new Policy & Regulatory Advisory Board with
@DGorfine
, as Chair. The Board will guide Synapse in furthering its mission to continue delivering the best, safest, and most compliant BaaS solutions.
Synapse Team Spotlight: Getting to know Matt Freeland, Product Engineer.
“Everybody is super cool and all of the teams are great. Our engineering team has meme channels and we play video games together. Just really good people.”
Read more
What would a truly global market for financial services look like?
@Sankaet
(
@SynapseFi
) is joined by
@MishaEsipov
(
@Nova_Credit
) to discuss the potential of consumers baking from any financial institution in the world, from any location in the world.
How is the OCC addressing compliance? The recent SEC filing characterizing the agreement between Blue Ridge Bank & the OCC gives us some insight.
@sankaet
(
@synapsefi
) is joined by Kevin Herrington (
@LineageBank
), & Neil Peretz (
@sawacredit
) to discuss.
Did you know - with Synapse card processing You can approve or deny every transaction in real-time aka just in time funding empowers companies to allow or deny card transactions based on preset conditions in real-time.
Read more:
#FinTech
#baas
As some of you know, we raised our Series A end of last year. The round was led by Trinity Ventures and Core Innovation Capital, with participation from a few other smaller funds and is a little over $17M.
#synapsefi
Synapse wants to ensure that customers have a great experience across their financial journey, so we partnered with TrueAccord, a digital-first debt repayment service that makes debt collection a personalized, empathic experience. To learn more visit
@synapsefi
or
@trueaccord
.
Did you know if you’ve used apps such as
#Venmo
,
#CreditKarma
, or
#CashApp
, and linked an external bank account using your username and password you've used Account Aggregation! Learn how It’s affecting your accounts today and how it’s changing:
#fintech
.
@Fintechnexus
LatAm is just around the corner, December 13-14 in Miami. If you are attending, we’re looking forward to seeing you. Come visit us at our booth
#207
:
.
@sankaet
, our co-founder & CEO, was interviewed recently by Jess Larsen on his podcast “Innovation and Leadership”. They talked about growing a financial services company, the power of platforms, & the ease of integrating banking services with
@synapsefi
.
Our behavioral science team has been researching methods for improving financial well-being and testing a savings app informed by behavioral science.
#synapsefi
#BehaviouralScience
#fintech
Sankaet Pathak,
@Synapse
CEO and co-founder, announces Global Cash live from the stage at Lendit Fintech. He also talked about how to launch core neobank services in weeks with the Synapse platform. Visit Synapse at
#LenditFintech
booth
#614
today or at
Caught the first episode yet?
Our podcast Under The Hood is back for a second season to talk about the opportunities and challenges in fintech.
Join Sankaet Pathak (Synapse CEO) and Hrishi Dixit (Yieldstreet CTO)
Listen below!
One of our favorite
@whartonfintech
podcast interviews was with our CEO
@sankaet
.
@MiguelArmaza
and team do a truly amazing job bringing FinTech's builders to the conversation.
Tune in to our latest podcast with Sankaet Pathan, CEO of
@synapsefi
! Sankaet explains how Synapse offers developer facing
#APIs
for companies to build innovative financial product and automate back-end operations.
#fintech
Top Financial Services, Tech Leaders Join
#Synapse
Amidst Expansion.
"With leaders like Sheetal Parikh, Lauren Larson Diehl,
@Mq2Oco
and Brad Post on the executive team, I'm confident that we are well-positioned for the next phase of growth...
Attending
@Fintechnexus
LatAm? Hear our CEO,
@sankaet
, speak Tuesday at 3:35pm on the topic of Embedded Finance: Bringing Personalized Banking to the Masses and come visit us at our booth
#207
. Book a meeting with us here:
We employ modern
#ArtificialIntelligence
based on computer vision and deep learning to automate physical documentation verification. Back-office operations are one of the biggest hurdles making financial services accessible to everyone.
Learn more:
"Synapse’s mission is to democratize access to financial services by reducing the barrier to entry for companies like TreeCard. Through our flexible, responsive, and robust product offering the potential for speed and scale is ingrained in our core and we’re proud to work with
While most competitors allow more customization, Stripe seems to be going after a very specific use-case of embedding deposit accounts in a modular way.” (4/4)
Read the article here:
#FinTech
#TearSheet
#BaaS
TreeCard, issuing their one of a kind wooden debit card, providing banking and financial services to support their inspiring vision"
@sankaet
#FinTechNews
🛠 Under the Hood 🛠
💬 From episode 6 of our podcast series in partnership with
@synapsefi
.
@theneelpopat
from
@donut__app
discusses how regulators are catching up with the
#DeFi
and
#crypto
space.
Catch up with the full episode now 👇
Our Native Processor Turns One! It’s scaling rapidly and has become one of our flagships on both deposit/credit products.
- From Q1 to Q3 we saw a 600% increase in transaction volume
-Introduced: Mobile wallet support for Apple Pay/Google Pay/Samsung Pay
Several media outlets picked up on the launch of Global Cash including . If you’d like to learn more about how Global Cash powers global fintechs to expand their market reach, visit our site at
Join our CEO Sankaet Pathak to get all of your questions answered about the democratization of credit and our new Credit Hub platform during the live AMA on August 25, 2021 from 9:30 am - 12:00 pm PDT at
Clair was just announced as a Great Place To Work! We're proud to have a team that is excited to come to work (virtually) every morning and know how big of an impact they're making.
The word is out! Donut Fixed lets you earn 4% fixed APY in real-time, plus it's super easy to use.
For those of you who want a little more predictability in your DeFi yields, check out our latest way to grow your wealth better with Donut 🙌
Expansion across emerging sectors such as proptech (
@Rhove_rent
), payday lending
@getclair
, lending as a service, financial health as a service and digital currencies.
Let’s ask
@sankaet
🎤
Have you made plans for
@Fintechnexus
yet? Don’t miss New York’s largest fintech event!
@synapsefi
cofounder and CEO,
@sankaet
will take the stage to tackle the topic of Embedded Finance: Changing the Innovation Roadmap.
Get your tickets now:
#fintechnexus
Today we’re sharing a new blog post and video that details the products of Credit Hub, our new full-stack API designed to make credit products faster and easier to launch. Look for an AMA session with our CEO Sankaet Pathak coming soon.
Get to know Brad Post, VP of Engineering he has a 29-year track record of delivering high-caliber cloud and software products for
#Microsoft
,
#Apple
, and, most recently,
#ShieldAI
. Read more:
#SynapseFi
This year we have been hard at work building out a full stack deposit product. So in the spirit of that effort, today we are launching our Interest-bearing accounts and clearing accounts.
#synapsefi
#banking
#fintech
Our goal at Synapse is to provide a highly scalable infrastructure layer to our customers. As a result, we have added some non-standard legal provisions, added customer support on weekends, & committed to a 99.99% reliability on all non-beta products.
@synapsefi
really enjoyed kicking off the event season at
@Fintechnexus
with a booth and a speaking engagement for our CEO, Sankaet Pathak. Now we're looking forward to attending FintechFest
@eventstet
coming up in August in San Diego, CA.
Today we are delighted to announce our partnership with
@LineageBank
. As part of our multi-bank strategy,
@synapsefi
and Lineage Bank will help increase access to best-in-class financial products for fintechs and their customers.
Many of us think that payday loans are used only for unexpected expenses. In reality, 69% of payday loans are used to cover recurring expenses-- which means most American workers struggle to manage liquidity. Learn more in our whitepaper:
1/ As we draw 2020 to a close, we are proud to share some of the incredible results of the Wharton Fintech Podcast.
Thanks to everyone who's been helping us on this journey - guests, supporters, and audience alike!
The last 2021 stat that we'd like to spotlight is 70 new team members, 7 from non-US countries. That’s a sign of the emergence of Global Banking, where banking apps will offer US banking services across borders. More on Global Banking in 2022. Visit us at .
Remote Deposit Capture (RDC) empowers consumers and businesses to scan checks and transmit the images to a bank for digital deposits. The digital deposit is sent over an encrypted internet connection. Read more:
#fintech
#digitalbanking
📰 Extra! Extra! The
#LendItFintech
News Roundup is coming at you LIVE today (and every Thursday) at 5PM ET on LinkedIn Live! Vote for the
#news
stories you want us to discuss:
Supporting a neighborhood shop means supporting a neighbor. Shopping locally means giving back to the community that gives you so much.
We're proud to support small biz in SF, NYC and beyond that need our support, especially now. Send the gift of impact and meaning with meemo 💜
2020 has been a difficult year. Moving forward, what learnings can founders, investors, operators, and consumers take away from the last 8 months?
@avsingh_24
compiled some of the best wisdom and quotes from our guests this year and packaged them below 👇
"Over the course of the next 5 years, there will be so many lenders who will be helping consumers build/improve their credit history the traditional credit reporting will become irrelevant."
Listen to the interview of our CEO, Sankaet Pathak, sharing ideas and perspectives with
@davidmeltzer
and Mike Diamond on fintech trends including credit cards and loans, embedded finance, crypto investments, and global banking.