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Yotta Savings, incorporated as Yotta Technologies, is an American financial technology (fintech) company that offers a prize-linked savings account.. On May 11, 2024, due to the failure of Synapse, a fintech company on which Yotta depended, Yotta's customers lost access to the money held in their accounts.
Synapse Financial Technologies, Inc. was an American banking as a service company. Based in San Francisco, Synapse filed for chapter 11 bankruptcy protection in April 2024. [2] [3] Synapse claimed to keep customer deposits in FDIC insured bank accounts. However Synapse was not a bank, no bank failed, and the FDIC deposit insurance does not ...
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When Natasha Craft first got a Yotta banking account in 2021, she loved using it so much she told her friends to sign up.. The app made saving money fun and easy, and Craft, a now 25-year-old ...
Customers of fintech firms that used Synapse to link up with banks had $265 million in balances, while the banks themselves only had $180 million associated with those accounts, trustee Jelena ...
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Create account; Log in; Pages for logged out editors learn more. ... Synapse is a free and open-source application launcher for Linux originally created by Michal ...