Synapse’s collapse could spell trouble for nearly 100 fintech startups | TechCrunch Minute

After years of missteps and struggles, the banking-as-a-service fintech Synapse officially has gone bankrupt. When a banking or financial startup fails, ordinary people get hurt. According to Synapse’s filings, up to 100 fintechs and 10 million customers could be impacted. But as industry expert Jason Mikula told TechCrunch, some customers using Synapse operate small businesses,…

Published

2 years ago

May 29, 2024

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12 Comments

@Anil-gt2kn

May 29, 2024 at 5:54 pm

Thanks. Short to the point. Question: Is Evolve BAAS fintech also involved with Synapse fiasco?

Reply
@Kiarasahara_07

May 30, 2024 at 1:01 am

Will you keep updating on this… we need word out. And I feel like there isn’t much talk about it. I have money in Yotta it was a way for me to have my sinking funds put away until I needed them. It’s horrible what’s happening I understand there are people who are in way worse situations than me. Just hope they figure it out and help us all out.

Reply
- @cupidok2768
  
  June 4, 2024 at 7:04 pm
  
  Can you give me a list of the companies that are tied to them. You said there’s a 100
  
  Reply
@nancywaller2907

May 30, 2024 at 12:35 pm

It’s been since may about 10th the consumers havent had access to their money!

Reply
@nanc2907

May 30, 2024 at 12:35 pm

It’s been since may about 10th the consumers havent had access to their money!

Reply
@jessicahaines7263

May 30, 2024 at 5:37 pm

Thanks great swimming up. As one of the 10 million average Joe’s who’s affected and can’t access any of my savings, suddenly living hand to mouth which is better than some, I really appreciate you trying to get the word out

Reply
@js72634

May 30, 2024 at 5:37 pm

Thanks great swimming up. As one of the 10 million average Joe’s who’s affected and can’t access any of my savings, suddenly living hand to mouth which is better than some, I really appreciate you trying to get the word out

Reply
@rinaperse

June 1, 2024 at 6:04 am

I have $26K worth of money trapped with Yotta because of this scandal with Synapse!! I cannot withdraw my money at all and Yotta is unhelpful!! I’m commenting so that this video can get boosted in the algorithm!

Reply
@rinaperse

June 1, 2024 at 6:04 am

I have $26K trapped with Yotta because of this scandal with Synapse!! I cannot withdraw my money at all and Yotta is unhelpful!! I’m commenting so that this video can get boosted in the algorithm!

Reply
- @kaelthunderhoof5619
  
  June 3, 2024 at 9:40 pm
  
  Y’all stop using products promoted by YouTubers
  
  Reply
- @humantrash7980
  
  June 4, 2024 at 3:18 pm
  
  @@kaelthunderhoof5619fool me once shame on them. I joined Yotta when I was 18 and it seemed like a legit savings account since they claimed it was fdic insured. Luckily I only had a small amount since I preferred American Express but still it’s a hard lesson to learn
  
  Reply
@jaystrid3446

June 4, 2024 at 11:16 am

I believe it was a scam from the beginning.

Reply

Science & Technology

Investors Are Asking AI About Your Startup

What does ChatGPT say about your startup? Dr. Eike Gerhardt explains why founders should think about what LLMs will find when investors use AI to research their companies. Watch the full episode of Build Mode with Eike and Nephrogen founder Demetri Maxim for more advice on building a stronger investor pitch.

Published

9 hours ago

September 3, 2026

CYBER TECH TV

What does ChatGPT say about your startup?

Dr. Eike Gerhardt explains why founders should think about what LLMs will find when investors use AI to research their companies.

Watch the full episode of Build Mode with Eike and Nephrogen founder Demetri Maxim for more advice on building a stronger investor pitch.

Science & Technology

A PhD in Pitching Breaks Down a Startup Battlefield Pitch l Build Mode

There is no such thing as the perfect pitch. But you can get close by implementing a few research-backed methods to your delivery, deck, and message. In this episode of Build Mode, host Isabelle Johannesen sits down with Dr. Eike Gerhardt, who has aPhD in pitching and spent nearly a decade studying the science of…

Published

14 hours ago

September 3, 2026

CYBER TECH TV

There is no such thing as the perfect pitch. But you can get close by implementing a few research-backed methods to your delivery, deck, and message.

In this episode of Build Mode, host Isabelle Johannesen sits down with Dr. Eike Gerhardt, who has aPhD in pitching and spent nearly a decade studying the science of startup pitching before starting Autopoiesis Sciences. And he’s joined by Demetri Maxim, co-founder and CEO of Nephrogen, who came in second at TechCrunch Startup Battlefield 2025.

Together, they break down Demetri’s actual Startup Battlefield pitch to unpack what worked, what could be improved, and what research tells us about how investors respond to founders. Eike explains why credibility signals matter, how technical founders can simplify without oversimplifying, and why Q&A should be treated as a second pitch. Demetri shares how he learned to explain complex biotech to generalist investors, how redesigning his deck changed his confidence onstage, and what he would do differently today.
They also explore how body language and authenticity affect a pitch, how investor questions can reveal bias, and how founders can use AI to prepare for difficult Q&A.

Here are the studies mentioned in the episode:
Kanze, D., Huang, L., Conley, M. A., & Higgins, E. T. (2018). “We Ask Men to Win and Women Not to Lose: Closing the Gender Gap in Startup Funding.” Academy of Management Journal
Figge, P., Graf-Vlachy, L., König, A., Demann, F., & Diessner, M. (2025). “Shades of Grey or Black and White? How Entrepreneurs’ Use of Cognitively Complex Language Affects Investor Funding.” Entrepreneurship Theory and Practice
Clarke, J. S., Cornelissen, J. P., & Healey, M. P. (2019). “Actions Speak Louder than Words: How Figurative Language and Gesturing in Entrepreneurial Pitches Influences Investment Judgments.” Academy of Management Journal
Jiang, L., Yin, D., & Liu, D. (2019). “Can Joy Buy You Money? The Impact of the Strength, Duration, and Phases of an Entrepreneur’s Peak Displayed Joy on Funding Performance.” Academy of Management Journal.
Chen, X.-P., Yao, X., & Kotha, S. (2009). “Entrepreneur Passion and Preparedness in Business Plan Presentations: A Persuasion Analysis of Venture Capitalists’ Funding Decisions.” Academy of Management Journal
Zhu, L. Y., Young, M. J., & Bauman, C. W. (2024). “Linking Anxiety to Passion: Emotion Regulation and Entrepreneurs’ Pitch Performance.” Journal of Business Venturing
Allison, T. H., Davis, B. C., Webb, J. W., & Short, J. C. (2017). “Persuasion in Crowdfunding: An Elaboration Likelihood Model of Crowdfunding Performance.” Journal of Business Venturing
Clark, C. (2008). “The Impact of Entrepreneurs’ Oral ‘Pitch’ Presentation Skills on Business Angels’ Initial Screening Investment Decisions.” Venture Capital

Subscribe to Build Mode:
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New episodes of Build Mode drop every Thursday.

Bloomberg Technology

Uber, Wayve Unleash Supervised Robotaxis in London

Uber now lets you book a robotaxi in London — but you’ll still be joined by a human in the front seat. Olivia Solon explains why. ——– Like this video? Subscribe to Bloomberg Technology on YouTube: Watch the latest full episodes of “Bloomberg Technology” with Caroline Hyde and Ed Ludlow here: Get the…

Published

14 hours ago

September 3, 2026

CYBER TECH TV

Uber now lets you book a robotaxi in London — but you’ll still be joined by a human in the front seat.

Olivia Solon explains why.
——–
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