Fintech

Why Synapse’s Failure Has the Fintech World in a Shake

Published

9 months ago

on

July 15, 2024 7:00 AM ET|WSJ Pro

For months now, thousands of consumers have been unable to access money they thought was safely deposited in banks.

They are victims of the failure of a little-known venture-backed startup called Synapse Financial Technologies, whose closure is hurting not only consumers, but also the fintech startups that partnered with it, as well as the fintech industry as a whole.

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