https://techcrunch.com/2024/04/22/softbank-backed-tabapay-is-buying-the-assets-of-a16z-backed-synapse-after-it-filed-for-bankruptcy/

After a tumultuous year, banking-as-a-service (BaaS) startup Synapse has filed for Chapter 11 bankruptcy and its assets will be acquired by TabaPay, according to the two companies.

The deal is pending bankruptcy court approval.