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Synapse Partnerships Lead to Bankruptcy Sale

Oct 27, 2024almost 2 years ago

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.

Company Information

Company

Synapse

About

Synapse is a PR pitching platform that enables journalists to filter pitches by topic and format, while allowing PRs to track engagement. It has rapidly grown to have 3,000 PRs and journalists registered on its platform. The platform is backed by PR luminary Mark Borkowski and secured new investment from Dowgate Capital to utilize proprietary data and provide PRs with unprecedented insights.

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