CORRECTING AND REPLACING Synapse Expands the C-Suite with Two Strategic Hires
BaaS platform readies for next stage of growth with Chief People & Culture Officer and Chief Customer Officer hires
SAN FRANCISCO. 13 January 2023–(BUSINESS WIRE)–Please replace the release dated January 12, 2023 with the following corrected version due to multiple revisions.
The new release says:
SYNAPSE EXPANDS CSUITE WITH TWO NEWSTRATEGIC HIRE
BaaS platform readies for next stage of growth with Chief People & Culture Officer and Chief Customer Officer hires
Synapse Financial Technologies, Inc., a banking-as-a-service (BaaS) platform that increases access to best-in-class financial products, announced today that Jack Doan has joined as the company’s first Chief People & Culture Officer and Derek Drennan has joined as Chief Customer Officer. These leadership appointments are directly linked to the company’s broader strategic investment and focus on its people, culture, and customer services.
Sankaet Pathak is the CEO and cofounder of Synapse. These two new additions to the executive team are essential components and a true investment in our company vision and business strategy.
Sankaet said, “When we think of the right people for this mission, Jack stands apart for his long-track record of building, enhancing, and improving culture across various companies. Derek is an asset for delivering exceptional customer service.” These two new additions to our team are going to be key to delivering upon our mission, and we couldn’t be more thrilled to have them join our company.”
Mr. Doan joins as Synapse’s first ever Chief People & Culture Officer, where he will lead all aspects of human resources, including employee experience, learning and development, talent acquisition, organizational development, total rewards, and Diversity, Equity and Inclusion (DE&I). Doan has more than twenty years experience leading people experience and talent management functions in Fortune 500 companies. He was most recently Senior Vice President, Global People Experience at Automation Anywhere.
Mr. Drennan joins Synapse as the Company’s Chief Customers Officer. He has extensive technology executive experience with companies like Microsoft and GitHub, and a passion to help clients solve their business problems through technology. He will be critical to building upon Synapse’s customer success, customer care, advocacy, and overall customer services strategy as the company scales its enterprise-level customer category. Drennan will oversee customer success as the Company expands the global reach and its staff to provide a wide range of services to Latin America.
Sankaet said, “As Synapse invests in raising the level of customer service and continues to build an inclusive company culture that fosters top talent, Derek and Jack will play a central role in enhancing those goals.” “I am excited to work with Derek and Jack to build upon the great success we’ve had thus far, and I know they will be valuable assets to Synapse and our mission as we continue on this trajectory.”
Synapse
Synapse was established in 2014 with the goal of ensuring that everyone has access to the best financial products available, regardless their wealth. Synapse’s banking-as-a-service platform provides payment, card issuance, deposit, lending, compliance, credit and investment products as APIs to more than 18 million end users. The platform has a $76 billion annualized transaction volume, with 91 million transactions. Synapse customers are able to quickly launch, launch, and scale new financial products and services with white-labeled APIs. Top venture firms such as Andreessen Horowitz 500 Startups and Trinity Ventures have invested more than $50m in the company. Synapse was recently ranked #92 on the 2022 Inc. 5000 Most Promising Companies List. It was also recognized as the Future Digital Awards and 2022 Banking as-a-Service Innovation Platinum winner. Synapse Brokerage LLC is a registered broker-dealer, member of FINRA/SIPC and provides cash management services. Synapse is not an institution of banking. Banking and card services are provided by Synapse’s partner banks, Members FDIC. Visit www.synapse.com for more information. synapsefi.com.
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Contacts
Synapse Financial Technologies, Inc.
Shannon Mullins
[email protected]