Blog Posts

January 18, 2023

2022 A Breakout Year for Synapse

Carla McMorris

We’re happy to share that this past year we achieved many significant milestones across a wide range of categories including the number of platform users, annualized transactions, and new platform launches, among others. Here are the highlights that stood out: 

Synapse 2022 Year-in-Review Highlights

  • Launched two new platforms: Global Cash and Modular Banking
  • Became cash-flow positive
  • Made Inc. 5000 Fastest Growing Private Companies list, ranking among the top 100 Financial Services companies
  • Doubled the number of employees from 2021, passing 200 employees
  • Reached 18 million end-users, up 64% year over year
  • Completed 91 million annualized transactions, up 82% year over year
  • Processed $76 billion in annualized transaction volume, up 43% year over year
  • Processed 4M API calls per hour, up 300% year over year

“Last year was a breakout year for Synapse in which we achieved numerous firsts,” said Sankaet Pathak, Founder and CEO of Synapse. “Along the way, we’ve enabled an industry of fintechs and enterprises to launch rich digital experiences that give customers all over the world, especially the underbanked, greater access to the financial system. We’re grateful to our customers, partners, and the Synapse team for another strong year.”

We’re looking forward to bringing even more innovation to the Banking-as-a-Service industry this year and for many years to come. 

Read the press release here

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2022 A Breakout Year for Synapse

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Carla McMorris
January 18, 2023

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