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📝 How big are VC checks?
Liam Gill
May 27, 2024
News of the Day
The fintech sector, particularly the banking-as-a-service (BaaS) area, is facing significant turmoil in mid-2024, exemplified by the bankruptcy of Synapse. Synapse's collapse has had widespread repercussions, affecting numerous other fintech startups and their consumers, such as Copper and Juno, which faced abrupt service disruptions and financial access issues. Synapse's downfall, attributed to mismanagement and deteriorating partnerships, highlights the vulnerabilities within the fintech ecosystem and raises concerns about regulatory oversight and operational resilience. This crisis underscores the complexities of the fintech industry, where rapid growth and inadequate compliance can lead to severe consequences, impacting both businesses and everyday consumers. The situation is likely to influence future fintech funding, with increased caution and scrutiny expected from investors and regulatory bodies.
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7:00 PM • May 25, 2024
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Onwards and Upwards,
