How embedded finance leader Synapse grew to powering 10MM+ consumers, with CEO Sankaet Pathak

Lex chats with Sankaet Pathak, the founder and CEO of Synapse -
the largest regulated banking-as-a-service platform that provides
payment, card issuance, deposit, lending, compliance, credit and
investment products as APIs to more than 18 million end users. In
this episode, Sankaet delves into his journey that led him to
fintech and the decision to build a robust financial
infrastructure. Together, Lex and Sankaet explore the value of
modular architecture in dissecting financial infrastructure and
the role of middleware in distribution. Reflecting on the global
demand for the US dollar in crypto markets, and assessing its
implications. Sankaet shares key metrics for evaluating Synapse's
scale and success and discusses revenue generation and cost
alignment in the FinTech space. They analyze market dynamics, the
impact of COVID, and navigating the regulatory landscape.


 


MENTIONED IN THE CONVERSATION


 


Synapse's Website: https://bit.ly/3DiUT6Y


Sankaet's LinkedIn profile: https://bit.ly/3Da8jCx


 


Topics: BaaS, API, Open Banking, payments, banking, Fintech,
Embedded Finance


 


Companies: Synapse, SynapseFi, Stripe, Square


 


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Twitter: https://twitter.com/LexSokolin


 


 


TIMESTAMPS


 


1’21”: Journey into fintech: Understanding the founder's
background, skills, and motivation for building a banking
infrastructure company


 


5’45”: From consumer play to financial infrastructure: The
decision to build a foundational layer in the fintech landscape


 


10’31”: Dissecting financial infrastructure: The value of modular
architecture and the challenges of integrating traditional
banking services


 


15’45”: Envisioning the role of middleware: Banks as distribution
mechanisms through third-party applications


 


20’52”: Examining the global demand for the dollar in crypto
markets: Reflecting on the US role and implications for crypto
companies


 


25’55”: Evaluating Synapse's scale and success: Key metrics for
progress and growth


 


28’02”: Balancing Synapse’s business economics: Revenue
generation, cost alignment, and pricing strategies in the FinTech
space


 


31’30”: Analyzing market dynamics: Impact of COVID, growing
demand, competitive landscape, and future outlook in embedded
finance


 


37’37”: Navigating the regulatory landscape: Addressing
challenges and fostering stability in a transforming financial
industry


 


41’39”: The channels used to connect with Sanket & learn more
about Synapse


Disclaimer here — this newsletter does not provide investment
advice and represents solely the views and opinions of FINTECH
BLUEPRINT LTD.


Contributors: Lex, Laurence, Matt, Farhad, Mike, Daniella


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