Amid breakup, Synapse, Evolve address allegations about how their relationship ended

Partnerships between organizations end all the time. Sometimes it’s amicable, and sometimes it’s complicated. In the instance of Synapse and Evolve, it was complicated. Synapse operates a platform enabling banks and fintech companies to easily develop financial services. It was providing those types of services as an intermediary between banking partner Evolve Bank & Trust … Read more

a16z-backed fintech Synapse lays off 40% of its staff

Banking-as-a-service startup Synapse confirmed today that it has laid off 86 people, or about 40% of the company. The San Francisco-based company, which operates a platform enabling banks and fintech companies to easily develop financial services, has been open about past layoffs. In June, CEO Sankaet Pathak wrote in a blog post that the company … Read more