SoftBank-backed TabaPay is buying the assets of a16z-backed Synapse, after it filed for bankruptcy

TechCrunch
By Christine HallApr 22, 2024, 11:37 am182 pts
After a tumultuous year, banking-as-a-service (BaaS) startup Synapse has filed for Chapter 11 bankruptcy and its assets will be acquired by TabaPay, according to the two companies. The deal is pending bankruptcy court approval. Founded in 2017, Mountain View-based TabaPay is an instant money movement platform…

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