Tearsheet’s Embedded Conference Preview: Sankaet Pathak, Synapse
- Synapse provides a banking as a service platform to hundreds of financial apps.
- CEO Sankaet Pathak is speaking at Tearsheet's Embedded Conference.

Synapse CEO Sankaet Pathak is one of our speakers at Embedded, our first-of-its-kind conference on Embedded Finance. Finance is spreading to every industry and every app. To keep the conversation and networking levels high, we've limited the number of seats to 100. Secure your spot.
Genesis Story: When Sankaet to America, he couldn’t get a bank account without a Social Security number. The only way he could get a bank account is by walking into a bank branch with an adviser letter from his university and other forms. "I remember thinking that maybe it’s because I’m new to this country. It will get better over time. It really didn’t," he said.

Sankaet began building a consumer bank like Simple to solve this problem, but he soon saw that the problem was bigger and systemic. "I realized that I didn’t want to compete with Simple — I wanted to make companies like Simple easier to exist," he said. "So I pivoted to build a platform that makes it easier for developers to build and scale financial products that work for everyone."
While Synapse wouldn't provide a list of its clients, challenger bank Dave and YieldStreet appear to use its services.
What Synapse does: Synapse can white label anything that shows up on a bank's homepage. Synapse has built products in the payments, deposits, and lending categories. Payments include ACH, wire, and card processing transactions; deposits include opening up deposit accounts, account routing numbers and debit card issuance; and lending includes the ability for any technology company to originate and service a loan.
How Synapse differentiates itself: Synapse has three main differentiators: the broad range of services it offers, the commercial model of a flat monthly fee for services, and the ability to deploy quickly. See Tearsheet's Banking as a Service Buyers Guide to read more about Synapse.
Growth: 250 companies have built financial products using Synapse, resulting in over 1.8 million end users onboarded. Synapse has processed over $10 billion in deposits.
Investors: Synapse has raised $50 million from investors including Andreesen Horowitz, Core Innovation Capital, and Trinity Ventures.
Hear from Synapse's Sankaet, as well as executives from other leading Embedded Finance companies like Cambr, MX, Finix, and Marqeta. Get tickets here.