Sankaet Pathak, Founder & CEO of Synapse - Building Banking as a Service from the Ground-Up
Wharton FinTech Podcast - A podcast by Wharton Fintech Podcast
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In this episode, our host, Josh Benadiva, engages in a meaningful conversation with Sankaet Pathak, Founder and CEO of Synapse. They discuss Sankaet's journey from establishing the foundation of embedded finance and banking-as-a-service to scaling the company since its inception in 2014. Sankaet shares his insights on creating a startup within the embedded finance sector, his perspectives on hiring and product development, and strategies for centering teams and company efforts around a cohesive vision. Sankaet Pathak wears the hat of the founder and CEO of Synapse, a leading banking-as-a-service provider. His journey with Synapse began in 2014 during his Master's degree at the University of Memphis and has since blossomed into a remarkable success story. Synapse, a comprehensive banking-as-a-service platform, offers a range of services such as payment, card issuance, deposit, lending, compliance, credit, and investment products in the form of APIs to over 15 million end users. Boasting an annualized transaction volume of $67 billion and $11 billion in assets under management across its platform, Synapse has garnered over $50 million in funding from renowned venture firms like Andreessen Horowitz, 500 Startups, and Trinity Ventures.