The collapse and bankruptcy of BaaS fintech Synapse has revealed how treacherous things are for the often-interdependent fintech world when one key player hits trouble. Synapse operated a service that allowed others (mainly fintechs) to embed banking services into their offerings. For instance, a software provider that specialized in payroll for 1099 contractor-heavy businesses used […]
Synapse’s collapse has frozen nearly $160M from fintech users — here’s how it happened
The collapse and bankruptcy of BaaS fintech Synapse has revealed how treacherous things are for the often-interdependent fintech world when one key player hits trouble. Synapse operated a service that allowed others (mainly fintechs) to embed banking services into their offerings. For instance, a software provider that specialized in payroll for 1099 contractor-heavy businesses used […]
Paris-based VC firm Blisce launches climate tech fund with a target of $160M
Blisce has become the latest VC firm to launch a fund dedicated to climate tech, for which it plans to raise as much as €150 million (about $ 162 million). The firm is hiring investor Pierre-Edouard Berion to lead the fund, and Lucie Basch, the co-founder of Too Good To Go, is going to support […]