# Synapse

> Synapse was a banking-as-a-service API platform for fintechs before filing for bankruptcy in April 2024.

## Why it is interesting

Synapse's collapse stranded fintech end-user funds and exposed BaaS reconciliation risks — a cautionary tale despite a16z leading its $33M Series B.

## Profile

- **Stage:** other
- **Status:** private
- **Industries:** generalist-tech
- **Coverage:** full
- **Last updated:** 2026-07-24

## Key facts

- Series B (Jun 2019): $33M led by a16z; Trinity Ventures and Core Innovation Capital participated — TechCrunch
- Banking-as-a-service platform; filed for bankruptcy Apr 2024 after reconciliation failures — Wikipedia, Yale Journal
- Co-investors: no additional institutional investors disclosed in public sources reviewed 2026-07-24

## Investors in our directory

- https://venturecapitaltracker.com/fund/andreessen-horowitz

## Related articles

- https://venturecapitaltracker.com/2026-a16z-hot-portfolio-companies

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Source: https://venturecapitaltracker.com/startup/synapse