SoftBank-backed TabaPay is buying the assets of a16z-backed Synapse, after it filed for bankruptcy
by TechCrunch
TechCrunch— 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 that SoftBank backed in a 2022 round of an […] © 2024 TechCrunch. All rights reserved. For personal use only.
PYMNTS.com—TabaPay to Acquire Assets of Bankrupt FinTech Synapse. Instant money movement platform TabaPay is acquiring Synapse’s assets following the latter company’s bankruptcy. The deal, announced Friday (April 19), will allow TabaPay to offer new financial services for FinTechs and financial institutions, the company said in a news release. TabaPay noted that the two firms had offered complementary financial technology services, with both companies appearing on Deloitte’s 2023 Fast 500. […]
Bleacher Report—Former NFL LB Bill Romanowski Files for Bankruptcy; Allegedly Owes $15M in Back Taxes. In June, United States Department of Justice lawyers alleged in a lawsuit filed in a California federal court that former NFL linebacker Bill Romanowski and
ABC Columbia—Rue 21 files for bankruptcy. The teen apparel mall chain announced it is going out of business and shutting down all 540 of its stores.