2 days ago
Bankrupt Fintech Synapse Asks to Liquidate Instead of Reorganize
A trustee for bankrupt financial-technology firm Synapse Financial Technologies Inc. has asked to convert its Chapter 11 case into liquidation, or dismiss the matter entirely, after the fintech failed to find a buyer for its assets.
San Francisco-based Synapse filed for bankruptcy in April 2024, resulting in a number of frozen funds from customers who worked with a litany of its finance app partners, including Yotta Technologies Inc., cryptocurrency exchange Juno and alternative investment platform Yieldstreet Inc.
