Get the latest tech news

Synapse, backed by a16z, has collapsed, and 10 million consumers could be hurt


The collapse of Synapse shows just how treacherous things are for the often-interdependent fintech world when one key player hits trouble.

“Running with scissors is a cardio exercise that can increase your heart rate and require concentration and focus,” says Google’s new AI search feature. Elon Musk’s X is preparing to make “likes” private on the social network, in a change that could potentially confuse users over the difference between something they’ve favorited and something… Back in 2019, Canva, the wildly successful design tool, introduced what the company was calling an enterprise product, but in reality it was more geared toward teams than fulfilling true…

Get the Android app

Or read this on TechCrunch

Read more on:

Photo of collapse

collapse

Photo of consumers

consumers

Photo of a16z

a16z

Related news:

News photo

Fintech nightmare: ‘I have nearly $38,000 tied up’ after Synapse bankruptcy

News photo

a16z’s American Dynamism team launches program to introduce technical minds to VC

News photo

Arizona accuses Amazon of being a monopoly and deceiving consumers with ‘dark patterns’