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  1. techcrunch.com › 2024/07/14 › synapses-collapse-has-frozen-nearly-160m-fromSynapse’s collapse has frozen nearly $160M from fintech users —...

    Jul 14, 2024 · Synapse files for Chapter 11 bankruptcy, assets to be sold off for $9.7 million. April 22: Synapse filed for Chapter 11 bankruptcy and said at that time that its assets would be acquired by ...

  2. www.cnbc.com › 2024/06/07 › synapse-bankruptcy-trustee-85-million-of-customerSynapse bankruptcy trustee says $85 million of customer savings...

    Jun 7, 2024 · There is an $85 million shortfall between what partner banks of fintech middleman Synapse are holding and what depositors are owed, according to the court-appointed trustee in the Synapse...

  3. www.cnbc.com › 2024/06/01 › synapse-bankruptcy-yotta-accounts-lockedSynapse bankruptcy: Yotta CEO says 85,000 bank accounts locked

    Jun 1, 2024 · Synapse declared bankruptcy earlier this year after several key clients abandoned the firm amid disagreements over the tracking of customer funds. For the past three weeks, 85,000 Yotta...

  4. www.nytimes.com › 2024/07/09 › businessSynapse Bankruptcy: When a Fintech Isn’t a Bank and Savings...

    Jul 9, 2024 · While some of the frozen $300 million in bank accounts has been released to customers, according to filings in Synapse’s bankruptcy case, the defunct company’s court-appointed trustee has...

  5. apnews.com › article › synapse-evolve-bank-fintech-accounts-frozen-07ecb45f807aAbrupt shutdown of Synapse has frozen thousands of Americans'...

    May 22, 2024 · Synapse filed for Chapter 11 bankruptcy protection in April and has shut down its services to some of its fintech or bank partners, including Evolve Bank & Trust. That has caused disruptions for customers of Synapse’s partners, leading to accounts being frozen or showing funds not existing at all.

  6. techcrunch.com › 2024/05/25 › with-a16z-backed-synapses-collapse-baas-fintech-is-aSynapse, backed by a16z, has collapsed, and 10M consumers ... -...

    May 25, 2024 · The bankruptcy of BaaS fintech Synapse is, perhaps, the most dramatic thing going on now. Though certainly not the only bit of bad news, it shows just how treacherous things are for the...

  7. www.cnbc.com › 2024/05/22 › synapse-bankruptcy-customer-fundsSynapse bankruptcy: Customers say they can't access funds

    May 22, 2024 · Since last year, Synapse, an Andreessen Horowitz-backed startup that serves as a middle man between customer-facing fintech brands and FDIC-backed banks, has had disagreements with several of its...

  8. www.bloomberg.com › news › articlesSynapse Bankruptcy: Customers on Savings App Yotta Have Millions...

    4 days ago · Moelis-Backed App Has $113 Million Trapped in Fintech Collapse. People with funds on Yotta and other platforms haven’t been able to access their accounts following the bankruptcy of Synapse ...

  9. techcrunch.com › 2024/05/16 › a-us-trustee-wants-troubled-fintech-synapse-to-beA US Trustee wants troubled fintech Synapse to be liquidated via...

    May 16, 2024 · The prospects for troubled banking-as-a-service startup Synapse have gone from bad to worse this week after a United States Trustee filed an emergency motion on Wednesday. The trustee is...

  10. www.forbes.com › sites › emilymasonJudge Says Up To 20 Million Fintech ‘Depositors’ Are At ... -...

    May 15, 2024 · Synapse has said it plans to file a motion this week to convert its Chapter 11 bankruptcy (which leaves the company in the hands of management) into a Chapter 7 liquidation, which means its ...