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- HQ
- United States
- Sectors
- Fertility, Family benefits, Healthtech
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Copper Halts Banking Services After Synapse Bankruptcy Forces Deposit Account Lockouts
Fintech startup Copper has discontinued its banking services and debit card offerings due to its banking-as-a-service provider Synapse filing for bankruptcy and shutting down its platform. Affected customers are temporarily unable to access deposit accounts, but Copper plans to pivot to its 'Earn' product focused on surveys and games.
Copper Banking raises $9M more, closes $13.3M seed round to scale teen banking platform
Copper Banking raised an additional $9 million and closed a $13.3 million seed round to expand its youth-focused mobile banking platform, hire across departments, and develop new products; the Seattle startup provides FDIC-backed teen accounts with debit cards, P2P payments, automatic savings, and parent controls. The platform, launched earlier this year, already has over 350,000 users and partners with Evolve Bank & Trust for banking services.
Qumulo Adds Ex-Tableau CMO Elissa Fink to Board After $125M Raise; Maven COO Co-founder Bill Sornsin Steps Down
Seattle data-storage startup Qumulo added former Tableau CMO Elissa Fink to its board after raising $125 million and reaching a $1.2B+ valuation; separately, Maven COO and co-founder Bill Sornsin stepped down as part of a company realignment.
