TabaPay, which offers instant payment services, agrees to acquire assets of banking-as-a-service startup Synapse, after Synapse filed for Chapter 11 bankruptcy

SoftBank-backed TabaPay is buying the assets of a16z-backed Synapse, after it filed for bankruptcy 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. Founded in 2017,…#softbank #tabapay #synapse #chapter11 #mountainview #bryankeltner #sankaetpathak #andreessenhorowitz #trinityventures #deloitte (Source: Reuters: Health)