Recently Business Insider interviewed our CEO, Sankaet Pathak, about growing Synapse amid a VC funding slowdown and a market slump.
Sankaet said that after Covid, later-stage companies wanted to build everything themselves, but they saw how much money they could save by not trying to build the infrastructure themselves, and this is where the many product offerings of Synapse made the best sense.
Business Insider highlighted that Synapse already offers the infrastructure for both credit and deposit products, and they launched a Global Cash product in May 2022. Global Cash is live in over 35 countries, including Brazil, Mexico, and Argentina. Synapse saw large demand from business banking clients in those countries, especially from fintechs that want to facilitate US dollar payments to people – mainly freelancers and remote workers – in different countries.
To read the full Business Insider article, follow this link.