The Synapse Bankruptcy Crisis
Supervest Avoids Similar Risks by Eliminating the Middleman The recent bankruptcy of Synapse Financial Technologies has sent shockwaves through the fintech industry, leaving millions of Americans without access to their funds and causing significant disruptions for neobanks and fintech firms relying on Synapse’s banking-as-a-service (BaaS) platform. As companies like Yieldstreet, Yotta, Juno, and Copper struggle with the fallout, our firm...