Fintech Recap: Synapse's Bankruptcy & Solid Settles With FTV

Hey all, Jason here.

Alex Johnson, creator of the Fintech Takes newsletter, and I are happy to bring you the latest episode of our monthly podcast, Fintech Recap, where we unpack some of the biggest stories in fintech, banking, and crypto.

This month we had the chance to talk about:

• “BaaS Island” is heating up: Synapse files for Chapter 11 bankruptcy, with TabaPay slated to acquire its assets, and Solid settles its dispute with its former investors, FTV.

• Is 2024 going to be the year of “pay by bank”? Alex and I aren’t entirely convinced.

• A federal earned wage access bill is in the works (but unlikely to pass anytime soon).

• VC darling BloomTech’s CFPB consent order.

• and, as always, what Alex and I just can’t let go of.

If you enjoy listening to this podcast and find value in it, please consider supporting me (and finhealth non-profits!) by signing up for a paid subscription. It wouldn’t be possible to do what I do without the support of listeners like you!