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May 18, 2024 - Known for their adverts of you can get your paycheck in Bitcoin, crypto onramp Juno now has all funds FROZEN. In the USA this past weekend, one of Synapse's c
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 asking to convert the company’s debt reorganization Chapter 11 bankruptcy into a liquidation Chapter 7, according to court documents.
Synapse expressed their deep regret for parting ways with 'incredibly talented and dedicated members of the Synapse team.'
Fintech Startup Synapse Lays Off 40% Of Workforce. In 2019, it raised $33 million in its Series B funding led by Andreessen Horowitz.
Even the brightest stars can experience turbulence in the fast-paced finance industry, where innovation rules supreme. With the revelation of significant layoffs, Synapse, a financial firm with headquarters in San Francisco, shocked the sector.