Tech
With a16z-backed Synapse’s collapse, BaaS fintech is a mess and 10 million consumers could be hurt
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Last year, the fintech startup world — star of the 2021 venture capital heydays — began to unravel as VC funding grew tight. As we step into mid-2024, large chunks of the sector today are a downright mess, especially the banking-as-a-service area which, ironically enough, experts last year told us was the bright spot.
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