Synapse: San Francisco fintech Synapse files for bankruptcy

Synapse, a San Francisco-based fintech startup, has filed for bankruptcy. The sudden filing for protection under Chapter 11 has frozen around $160 million in user funds, causing shockwaves in the fintech industry. Many businesses that relied on Synapse for their banking services are scrambling to reassess their financial strategies, with uncertainty about the recovery of their frozen funds. Read more on San Francisco fintech Synapse files for bankruptcy... The post San Francisco fintech Synapse files for bankruptcy appeared first on KillerStartups.