Synapse has filed for bankruptcy, and TabaPay is set to acquire its assets and affiliates pending court approval. The acquisition will allow TabaPay to expand its capabilities and revenue sources. However, TabaPay is taking on reputational risk and potential regulatory scrutiny in the process.
•11m read time• From fintechbusinessweekly.substack.com
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Synapse Files For Bankruptcy, TabaPay To Acquire Its Assets & Affiliates, Pending Court ApprovalCFPB Order Bans BloomTech And Its Founder From Student Loan IndustrySoLo Funds Appears To Botch Tech Transition, Leaving Users Unable To Access Funds For More Than Five DaysOther Good ReadsAbout Fintech Business WeeklySort: