Synapse announced a partnership with Glance Capital, a fintech that provides simple and straightforward lending for gig workers, to power a suite of credit and deposit products for Glance Capital’s customers.
Glance Capital came to Synapse to help them deliver on its vision to disrupt predatory payday lending. Glance needed a banking-as-a-service platform with deep knowledge of the credit industry, a full suite of deposit and card services, and compliance and Know Your Customer (KYC) services that aligned with their model of inclusiveness.
“We wanted a platform that empowered us with the flexibility to customize our products so we can meet the unique needs of our customers,” said Brad Stuit, CEO, Glance Capital. “We also wanted a partner who aligned with our mission to support banking built for borrowers. Synapse was there to help us get to market much faster and ensure we are compliant with state and federal regulations. Since launching with Synapse on Sept 1, 2022, Glance has received over 4,500 new applications and has lent over $250,000 to customers across the United States.”
“Glance and Synapse have a shared vision,” said Sankaet Pathak, CEO of Synapse. “We both want everyone to have access to best-in-class financial products. To deliver on that mission, Synapse has a wide breadth of financial products including credit, debit, and crypto, and our open APIs make it easy to develop and launch innovative financial services in weeks, not months or years.”
Synapse’s technology platform powers customizable deposit, credit, and crypto solutions including one-time loans and spend cards, reliably offering integrated financial solutions that grow with their customers.
Click here to read the press release.
