After immigrating to the US, Synapse's CEO & Co-Founder, Sankaet Pathak, experienced first-hand the difficulty in opening a US bank account or getting approved for credit without a financial history.
He did not fit into the traditional financial framework and he realized there must be millions of others experiencing the same problem. That’s why the company is dedicated to providing access to financial services for people all over the globe who have been left behind by traditional banking institutions, and enabling developers to create more creative and accessible financial products on our API infrastructure.
Sankaet Pathak CEO of Synapse stated “sparked by the COVID-19 pandemic, location no longer matters for workers in the digital goods economy. Freelancers, gamers, and content creators of all kinds now fuel an interconnected, global workforce. Additionally, cross-border families, travelers and residents in countries experiencing high inflation or negative interest rates require access to more stable stores of value.”
“We are excited to announce that Utoppia has joined our growing list of customers launching innovative solutions on the Synapse platform,” said Sankaet Pathak, CEO and co-founder of Synapse. “We are also excited that Utoppia is an early customer benefiting from our new, modular banking strategy.
“American Bank’s support will enable us to deliver on our commitment to provide fintech companies and enterprises with best-in-class solutions at unmatched speed and at the best terms. American Bank shares our entrepreneurial spirit and unwavering dedication to customer service, and we look forward to collaborating with them on new ways to deliver value to our collective customers,” said Sankaet Pathak CEO of Synapse. This partnership represents an extension of our modular banking strategy that includes Lineage Bank.
"Inc. Magazine revealed that Synapse Financial Technologies, Inc., a banking-as-a-service platform that increases access to best-in-class financial products, is No. 1339 on its annual Inc. 5000 list, the most prestigious ranking of the fastest-growing private companies in America."
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