Growing Synapse Amid a Market Slowdown

Carla McMorris

Recently Business Insider interviewed our CEO, Sankaet Pathak, about growing Synapse amid a VC funding slowdown and a market slump.

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Sankaet said that after Covid, later-stage companies wanted to build everything themselves, but they saw how much money they could save by not trying to build the infrastructure themselves, and this is where the many product offerings of Synapse made the best sense.

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Business Insider highlighted that Synapse already offers the infrastructure for both credit and deposit products, and they launched a Global Cash product in May 2022. Global Cash is live in over 35 countries, including Brazil, Mexico, and Argentina. Synapse saw large demand from business banking clients in those countries, especially from fintechs that want to facilitate US dollar payments to people – mainly freelancers and remote workers – in different countries.

To read the full Business Insider article, follow this link.

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Sources

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help@synapsefi.com

* Synapse-Enabled Services services are offered through Synapse Financial Technologies, Inc. and its affiliates (collectively, “Synapse”). Synapse is not a bank and is not affiliated with any Platform Operator.

Brokerage accounts and cash management programs are provided through Synapse Brokerage LLC (“Synapse Brokerage”), an SEC-registered broker-dealer and member of FINRA and SIPC. Additional information about Synapse Brokerage can be found on FINRA’s BrokerCheck. See Synapse Terms of Service, Privacy Policy, and the applicable disclosures and agreements available in Synapse’s Disclosure Library for more information.
The Partner Financial Institution(s) participating in a Synapse cash management program can be found in the List of Program Banks.
Deposit, Banking and Card services are provided by Synapse Financial Technologies, Inc.’s partner banks.
Credit services are provided by Synapse Credit LLC, a licensed U.S. lender in designated states.
Use of the Synapse-Enabled Services are subject to the Terms of Service.

Use of our (Synapse Financial Technologies, Inc.) services are subject to our Terms of Service.

Growing Synapse Amid a Market Slowdown

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Carla McMorris

September 30, 2022

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