Get the latest tech news

A US Trustee wants troubled fintech Synapse to be liquidated via Chapter 7 bankruptcy, cites ‘gross mismanagement’


The prospects for troubled banking-as-a-service startup Synapse have gone from bad to worse this week after an acquisition fell through.

Poshmark, the social commerce site that lets people buy and sell new and used items to each other, launched a paid marketing tool on Thursday, giving sellers the ability to… Engineers Adam Keating and Jeremy Andrews were tired of using spreadsheets and screenshots to collab with teammates — so they launched a startup, CoLab, to build a better way. Sigma Computing, a startup building a range of data analytics and business intelligence tools, has raised $200 million in a fresh VC round.

Get the Android app

Or read this on TechCrunch

Read more on:

Photo of bankruptcy

bankruptcy

Photo of Chapter 7

Chapter 7

Photo of gross mismanagement

gross mismanagement

Related news:

News photo

Battery Developer Backed by Paulson, Gates Files for Bankruptcy

News photo

Cable Services Company Casa Sells Cloud Unit to Fund Bankruptcy

News photo

Calif. carmaker once worth $2.9B teetering on edge of bankruptcy