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Synapse bankruptcy leads to fintech user woes

Screenshot from Synapse's website.
Photo: Synapse

Collapse of fintech intermediary raises serious questions about the fintech ecosystem.

Fintech companies have become ubiquitous. They offer a variety of services to end-users, ranging from the apps that facilitate savings or payments to those that enable the trading of stocks or crypto.

Some fintechs aspire to challenge the dominant position of the large banks. They expect to be able to