Sankaet Pathak

Founder, Foundation
San Francisco Bay Area,United States
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Who Is Sankaet Pathak?

Total Experience18 years
CompanyFoundation
CountryUnited States

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.

How Did Sankaet Pathak's Career Path Shape Their Journey?

Sankaet Pathak's work history includes a series of influential roles in various companies. Here is a detailed list of his professional journey:

Foundation - Founder(2024 to Present)
Synapse - Founder & CEO(2014 to 2024)
The University of Memphis - Research Assistant(2010 to 2016)

What Are Sankaet Pathak's Key Achievements?

Forbes 30 Under 30 - Finance (2018)

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.

Co-founder & CEO of Synapse

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.

Y Combinator Alumnus (W14)

Successfully guided Synapse through the prestigious Y Combinator accelerator program, which was instrumental in the company's initial funding, product development, and market launch.

What's Sankaet Pathak's Educational Background?

Bachelor of Science, Computer Engineering, Mathematical Sciences, and Physics

University of Memphis

Master of Science - MS, Electrical and Electronics Engineering

The University of Memphis

Buying Intent Signals for Sankaet Pathak

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Notable news
Hiring actively
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance

Company Overview

Foundation
Total employees65
HeadquartersNew York
Founded2020

Foundation is a premier Web3 destination and creative playground that connects artists and collectors in the new creative economy. It operates as a curated NFT (Non-Fungible Token) marketplace, allowing creators to mint and auction their digital artwork. The platform focuses on fostering a community and empowering artists by providing them with direct access to their audience and a new stream of revenue through digital scarcity.

Foundation Funding Information
Unknown - Total Funding Raised
Not Applicable - Most recent funding amount
1 - Number of funding rounds
Feb 24, 2021 - Latest funding round
Lead Investors:
IDEO CoLab Ventures
Slow Ventures
Seed Club Ventures
Kain Warwick
Trevor McFedries
Jesse Walden

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