--- title: SoftBank-backed TabaPay is buying the assets of... description: SoftBank-backed TabaPay is acquiring the assets of a16z-backed Synapse after the latter filed for bankruptcy. TabaPay is an instant money movement platform,... canonical: https://daily.dev/posts/softbank-backed-tabapay-is-buying-the-assets-of-a16z-backed-synapse-after-it-filed-for-bankruptcy-uzs2r1rmh twitter:card: summary_large_image twitter:site: @dailydotdev og:type: website og:site_name: daily.dev og:title: SoftBank-backed TabaPay is buying the assets of a16z-backed Synapse, after it filed for bankruptcy | daily.dev og:description: SoftBank-backed TabaPay is acquiring the assets of a16z-backed Synapse after the latter filed for bankruptcy. TabaPay is an instant money movement platform,... og:url: https://daily.dev/posts/softbank-backed-tabapay-is-buying-the-assets-of-a16z-backed-synapse-after-it-filed-for-bankruptcy-uzs2r1rmh og:image: https://api.daily.dev/og/posts/uZs2R1rMh.png og:image:alt: SoftBank-backed TabaPay is buying the assets of a16z-backed Synapse, after it filed for bankruptcy og:image:width: 1200 og:image:height: 630 og:locale: en --- > ## Documentation Index > Fetch the complete documentation index at: https://daily.dev/llms.txt > Use this file to discover all available pages before exploring further. # SoftBank-backed TabaPay is buying the assets of a16z-backed Synapse, after it filed for bankruptcy **[TechCrunch](https://daily.dev/sources/tc)** · 4 min read · 0 upvotes · 0 comments ## Summary SoftBank-backed TabaPay is acquiring the assets of a16z-backed Synapse after the latter filed for bankruptcy. TabaPay is an instant money movement platform, while Synapse operated a platform enabling banks and fintech companies to develop financial services. Synapse experienced layoffs and difficulties with banking partner Evolve Bank & Trust in the past year. ## Full article daily.dev links to this article rather than hosting it. Read it at the original source: ## Similar posts on daily.dev - [Don’t just attend KubeCon \+ CloudNativeCon, Merge Forward your experience\!](https://daily.dev/posts/don-t-just-attend-kubecon-cloudnativecon-merge-forward-your-experience--l0rpp73x8) · CNCF · 1 upvotes · 0 comments - [Announcing H2 2026 KCDs](https://daily.dev/posts/announcing-h2-2026-kcds-m96goajm1) · CNCF · 1 upvotes · 0 comments - [Two months of Open Community Groups](https://daily.dev/posts/two-months-of-open-community-groups-asf52zhbs) · CNCF · 0 upvotes · 0 comments - [CNCF Unveils Schedule for KubeCon \+ CloudNativeCon Europe 2026](https://daily.dev/posts/cncf-unveils-schedule-for-kubecon-cloudnativecon-europe-2026-ikhcoa5cb) · CNCF · 2 upvotes · 0 comments - [CNCF Debuts KubeCon \+ CloudNativeCon Japan 2026 Schedule](https://daily.dev/posts/cncf-debuts-kubecon-cloudnativecon-japan-2026-schedule-xp5pyudub) · CNCF · 1 upvotes · 0 comments --- Tags: [#startup](https://daily.dev/tags/startup), [#softbank](https://daily.dev/tags/softbank) [View this post on daily.dev](https://daily.dev/posts/softbank-backed-tabapay-is-buying-the-assets-of-a16z-backed-synapse-after-it-filed-for-bankruptcy-uzs2r1rmh) ```json {"@context":"https://schema.org","@graph":[{"@type":"Organization","@id":"https://daily.dev/#organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180},"sameAs":["https://twitter.com/dailydotdev","https://github.com/dailydotdev","https://www.linkedin.com/company/daily-dev-ltd"]},{"@type":"WebSite","@id":"https://daily.dev/#website","url":"https://daily.dev","name":"daily.dev","publisher":{"@id":"https://daily.dev/#organization"},"potentialAction":{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https://daily.dev/search?q={search_term_string}"},"query-input":"required name=search_term_string"}}]} {"@context":"https://schema.org","@type":"TechArticle","headline":"SoftBank-backed TabaPay is buying the assets of a16z-backed Synapse, after it filed for bankruptcy","url":"https://daily.dev/posts/softbank-backed-tabapay-is-buying-the-assets-of-a16z-backed-synapse-after-it-filed-for-bankruptcy-uzs2r1rmh","mainEntityOfPage":{"@type":"WebPage","@id":"https://daily.dev/posts/softbank-backed-tabapay-is-buying-the-assets-of-a16z-backed-synapse-after-it-filed-for-bankruptcy-uzs2r1rmh"},"datePublished":"2024-04-22T16:21:44.516Z","dateModified":"2024-05-09T09:13:33.132Z","description":"SoftBank-backed TabaPay is acquiring the assets of a16z-backed Synapse after the latter filed for bankruptcy. 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