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Synapse
2.7
based on 25 Reviews
Company Overview
Company Locations
Working at Synapse
Company Summary
Overall Rating
2.7/5
based on 25 reviews
27% below
industry average
Critically rated for
Promotions, Salary, Work satisfaction
Work Policy
Monday to Friday
52% employees reported
Strict timing
59% employees reported
No travel
73% employees reported
Day shift
100% employees reported
View detailed work policy
Top Employees Benefits
Job/Soft skill training
5 employees reported
Cafeteria
1 employee reported
View detailed benefits
About Synapse
Founded in--
India Employee Count--
Global Employee Count--
Headquarters--
Office Locations
--
Website--
Primary Industry
Other Industries
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Synapse Ratings
based on 25 reviews
Overall Rating
2.7/5
How AmbitionBox ratings work?
5
0
4
12
3
2
2
2
1
9
Category Ratings
3.0
Skill development
2.8
Company culture
2.7
Job security
2.5
Work-life balance
2.3
Work satisfaction
2.2
Salary
2.2
Promotions
Synapse is rated 2.7 out of 5 stars on AmbitionBox, based on 25 company reviews.This rating reflects a below average employee experience, indicating poor satisfaction with the company’s work culture, benefits, and career growth opportunities. AmbitionBox gathers authentic employee reviews and ratings, making it a trusted platform for job seekers and employees in India.
Read more
Synapse Reviews
Top mentions in Synapse Reviews
Compare Synapse with Similar Companies
Change Company | Change Company | Change Company | ||
|---|---|---|---|---|
Overall Rating | 2.7/5 based on 25 reviews | 3.7/5 based on 91.9k reviews | 3.7/5 based on 54.2k reviews | 3.8/5 based on 58k reviews |
Highly Rated for | No highly rated category | Job security Work-life balance | Job security | Job security |
Critically Rated for | Salary Promotions Work satisfaction | Promotions Salary Work satisfaction | Promotions Salary | Promotions |
Primary Work Policy | - | Work from office 80% employees reported | Hybrid 62% employees reported | Hybrid 75% employees reported |
Rating by Women Employees | 2.5 Poor rated by 14 women | 3.7 Good rated by 26.7k women | 3.8 Good rated by 15.6k women | 3.8 Good rated by 21.8k women |
Rating by Men Employees | 2.8 Poor rated by 7 men | 3.6 Good rated by 60.1k men | 3.7 Good rated by 36.2k men | 3.8 Good rated by 33.6k men |
Job security | 2.7 Poor | 4.5 Good | 3.8 Good | 3.8 Good |
View more
Synapse Salaries
Synapse salaries have received with an average score of 2.2 out of 5 by 25 employees.
Software Developer
(16 salaries)
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₹3 L/yr - ₹9 L/yr
Senior Software Engineer
(6 salaries)
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₹4.3 L/yr - ₹8.4 L/yr
Project Manager
(5 salaries)
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₹8.4 L/yr - ₹12 L/yr
Public Relation Executive
(5 salaries)
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₹1.2 L/yr - ₹2.4 L/yr
UI/UX Designer
(5 salaries)
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₹3 L/yr - ₹13.2 L/yr
Business Development Executive
(4 salaries)
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₹3 L/yr - ₹4.8 L/yr
Digital Marketing Executive
(4 salaries)
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₹2.6 L/yr - ₹3.6 L/yr
Senior UI UX Designer
(4 salaries)
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₹5.5 L/yr - ₹12 L/yr
Software Tester
(4 salaries)
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₹1.3 L/yr - ₹5 L/yr
Senior Software Developer
(4 salaries)
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₹6 L/yr - ₹10 L/yr
Synapse News
The Future of Finance is Embedded
- Embedded finance, integrating financial services into non-financial platforms, is a major trend in fintech.
- This shift is happening now, offering significant opportunities for fintech investors.
- Instead of standalone fintech apps, the focus is on making finance seamless and integrated into everyday platforms people already use.
- By embedding financial services, companies can access users through various platforms without the need for customer acquisition.
- Fintech winners of the future will be platforms and infrastructure players enabling embedded finance.
- Embedded finance offers seamless experiences like automatic investing and lending within trusted platforms.
- BaaS providers like Synapse and Unit enable companies to integrate financial services quickly through APIs.
- Tech platforms are evolving into financial ecosystems by integrating payment processing and lending directly.
- Leading companies in embedded payments include Stripe, Square, and PayPal.
- Embedded lending simplifies financing by offering credit options directly within commerce and business tools.
Medium | 14 Mar, 2025
Evolve to Disburse More Funds Tied to Synapse Bankruptcy
- Evolve Bank & Trust is set to return some funds to end users impacted by the Synapse bankruptcy.
- Evolve is working with Ankura to analyze data and confirm cash management transactions.
- More funds will be disbursed to a subset of end users on March 6, 2025, via PayPal and checks.
- Evolve is awaiting data from Synapse ecosystem banks to determine the comprehensive reconciliation of funds.
Pymnts | 5 Mar, 2025
Synapse Collapse Reportedly Target of Criminal Grand Jury Probe
- A grand jury is reportedly probing criminal conduct at bankrupt FinTech firm Synapse.
- The grand jury has questioned an executive who sounded alarms before the company’s collapse.
- Federal prosecutors in New York are investigating the collapse, with focus on fraud and other possible felonies.
- Synapse's bankruptcy has also led to civil actions by customers against its partner banks.
Pymnts | 21 Feb, 2025
Report: FDIC Begins Monitoring FinTechs That Partner With Banks
- The Federal Deposit Insurance Corporation (FDIC) has started monitoring FinTechs that partner with banks to identify potential problems.
- The monitoring system allows FDIC examiners to track FinTechs and their partnerships, even when they switch banking partners.
- The FDIC implemented this system after the bankruptcy of BaaS startup Synapse.
- The monitoring system is in place to complement the existing oversight of banks and ensure the financial safety of FinTechs and their partners.
Pymnts | 5 Dec, 2024
Suit Against Synapse Partner Banks Spotlights Risks of Commingled Funds
- A class action suit has been filed against Synapse's partner banks, highlighting the risks of commingled funds in the FinTech industry.
- The suit alleges 'gross mismanagement' of deposits tied to the FinTech platforms, resulting in the loss of customer funds.
- The partner banks are accused of failing to adequately maintain and safeguard customers' funds.
- The lawsuit sheds light on the complexities of the relationships between FinTechs, partner banks, and for-benefit-of (FBO) accounts.
Pymnts | 3 Dec, 2024
Evolve: ‘Vast Majority’ of Synapse End User Funds Are at Other Banks
- Evolve Bank & Trust reported that the majority of end user funds related to the Synapse Financial Technologies bankruptcy were moved to other banks about a year ago.
- Evolve continues to look for the funds but can only provide a partial answer to end users due to limited available data.
- The bank believes that other banks' transaction data will help determine the location of the funds.
- Synapse, a banking-as-a-service provider, collapsed in April and its fallout has impacted multiple banks, including Evolve.
Pymnts | 28 Nov, 2024
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Synapse FAQs
Does Synapse have good work-life balance?
Synapse has a work-life balance rating of 2.5 out of 5 based on 20+ employee reviews on AmbitionBox. 52% employees rated Synapse 3 or below for work-life balance. This rating reflects a negative sentiment among employees for work-life balance. We encourage you to read Synapse reviews for more details
Is Synapse good for career growth?
Career growth at Synapse is rated as poor, with a promotions and appraisal rating of 2.2. 52% employees rated Synapse 3 or below on promotions/appraisal. This rating reflects a negative sentiment among employees for career growth. We recommend reading Synapse reviews for more detailed insights.
What are the cons of working in Synapse?
Working at Synapse does have some drawbacks that potential employees should consider. The company is poorly rated for salary & benefits, promotions / appraisal and work satisfaction, based on 20+ employee reviews on AmbitionBox.
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