Ex-Synapse CEO reportedly trying to raise $100M for his new humanoid robotics venture
Sankaet Pathak's previous fintech startup, Synapse, went bankrupt in 2024 due to issues with Evolve Bank & Trust, leaving millions in consumer deposits unaccounted for, but Pathak is reportedly pursuing new ventures.
MAIN POINTS
- Synapse, a fintech startup, filed for bankruptcy in 2024.
- Issues with partner Evolve Bank & Trust contributed to Synapse's downfall.
- Tens of millions in consumer deposits remain unaccounted for.
- Sankaet Pathak is reportedly continuing to pursue new business opportunities.
TAKEAWAYS
- Synapse's bankruptcy highlights risks in fintech partnerships.
- Unaccounted consumer deposits raise concerns about financial oversight.
- Pathak's continued entrepreneurial efforts suggest resilience.
- The situation underscores the importance of regulatory compliance in fintech.