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Contract Type
partnership
Software
Description
The assets of bankrupt BaaS provider Synapse, including its BaaS platform, intellectual property, equity interests in subsidiaries, and other assets, are set to be sold. Synapse, which served around 120 FinTech customers and had 2 million active users, collapsed after its biggest customer, Mercury, chose to work directly with Evolve Bank & Trust, leading to a chain of events affecting its other clients.
Agreement Insights
Based on industry dataStrategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months
Synapse signed a new agreement. Fundz surfaces partnerships and contracts as they are announced.
145 of these a day, filtered to the companies you pick. $29 a month, billed annually, and if it does not pay for itself in a year we refund it.