SAN FRANCISCO , Oct. 25, 2024 /PRNewswire/ -- B. Riley Advisory Services is soliciting bids for the assets of Synapse Financial Technologies, Inc.
, pursuant to the Order of the United States Bankruptcy Court, Central District of California , Chapter 11 Case No.: 1:24-bk-10646-MB The Deadline for Initial Indications of Interest is November 4, 2024 at 4:00 p.m.
Pacific Time . The Deadline for Initial Bids is November 11, 2024 at 4:00 p.m.
Pacific Time . The Synapse Financial Technologies platform provided Banking as a Service (BaaS) infrastructure to fintech customers. According to its Fall 2023 literature, the Synapse platform was serving approximately 120 fintech customers, 3 million active users, $60 billion annualized money movements and $3 billion card-based spending.
The system is running on MongoDB Atlas and AWS. The assets being offered by the Chapter 11 Trustee include: To receive additional information and to request a Non-Disclosure Agreement (NDA) required to investigate this opportunity, please contact: Seth R. Freeman , Managing Director at sfreeman@brileyfin.
com ; Tel +1-925-899-1550 Jonathan Wernick , Managing Director at [email protected] ; Tel +1 310-909-6121 View original content to download multimedia: https://www.prnewswire.
com/news-releases/announcing-the-chapter-11-sale-process-of-assets-of-synapse-financial-technologies-inc-302287754.html SOURCE B Riley Advisory Services.
