# Synapse Financial Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/synapse-financial-technologies

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.synapsefi.com
- Total disclosed funding: $50M
- Latest round: Series B (Jun 7, 2019)
- Investors on record: 5

## About

Founded in 2014 by co-founders Sankaet Pathak and Bryan Keltner and based in California, US, Synapse Financial Technologies Inc. is a provider of a banking platform for payment, deposit, lending, and investment products as application programming interfaces (APIs) to FinTech companies. In April 2024, TabaPay, Inc., a portfolio company of SB Investment Advisers, acquired Synapse Financial Technologies Inc. from Andreessen Horowitz, 500 Globals, 9Yards Capital, Core Innovation Capital, and Trinity Ventures. 

Synapse offers a deposit hub catered to businesses looking to create neobanking services. It facilitated the launch of interest-bearing checking and savings accounts, branded or virtual cards, and a full suite of payment systems, all manageable through a few API calls. The company also offers a credit hub to build credit experiences tailored to the customer base by creating products like credit cards, open loans, revolving loans, one-time loans, and cash advances. The company’s user-friendly, API-first platform for streamlined integration allowed businesses to deploy financial products and services.

## Funding rounds

- Series B, Jun 7, 2019, $33M — Trinity Ventures, Andreessen Horowitz, 500 Global, Core Innovation Capital, 9Yards Capital
- Series A, Sep 4, 2018, $17M — Trinity Ventures, Core Innovation Capital

## Investors

- Trinity Ventures (https://capitalatlas.ai/funds/trinity-ventures) — Series A, Series B
- Core Innovation Capital (https://capitalatlas.ai/funds/core-innovation-capital) — Series A, Series B
- Andreessen Horowitz (https://capitalatlas.ai/funds/andreessen-horowitz) — Series B
- 500 Global (https://capitalatlas.ai/funds/500-global) — Series B
- 9Yards Capital (https://capitalatlas.ai/funds/9yards-capital) — Series B