Copper Banking halts teen bank accounts and debit cards after Synapse’s bankruptcy and failed $9.7M sale
Copper Banking abruptly shut its deposit accounts and debit cards after its banking-as-a-service provider Synapse began sunsetting services amid bankruptcy and a failed sale, leaving a small percentage of customers temporarily without access to funds while the company works with partners to return money and pivot to white-labeled bank partnerships.
Copper raises $29M Series A led by Fiat Ventures, totals $42.3M as users surge to 800,000
Copper, a Seattle-based teen-focused digital bank, raised $29 million in a Series A led by Fiat Ventures, bringing total funding to $42.3 million as its user base grew to over 800,000; the company plans to launch investing features for teens soon.
Organizations
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Copper CEO and Co-founder · current
