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Sankaet Pathak is a technologist and entrepreneur best known as the co-founder and CEO of Synapse, a pioneering Banking-as-a-Service (BaaS) platform. Originally from India, he moved to the US to study computer science at the University of Memphis. Pathak's inspiration for Synapse stemmed from his personal frustrations with the complexities of the US banking system as an international student. He envisioned a future where launching a financial application would be as simple as building a website. Under his leadership, Synapse developed a sophisticated API layer that enabled fintech companies and developers to easily embed banking, payment, and credit products into their applications, significantly lowering the barrier to entry into the financial services industry. While the company achieved significant success and attracted major venture funding, it faced substantial operational and regulatory challenges, ultimately leading to it filing for Chapter 11 bankruptcy in 2024.
Sankaet Pathak's work history includes a series of influential roles in various companies. Here is a detailed list of his professional journey:
Recognized by Forbes for his impactful work in co-founding Synapse and developing a platform to democratize access to the financial system for developers and companies.
Founded and led Synapse from its inception in 2014, growing it into a leading BaaS provider that raised over $50 million in funding and processed billions of dollars in transaction volume, fundamentally influencing the fintech infrastructure landscape.
Successfully guided Synapse through the prestigious Y Combinator accelerator program, which was instrumental in the company's initial funding, product development, and market launch.
University of Memphis
The University of Memphis
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