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Sankaet Pathak
Indian-American businessman From Wikipedia, the free encyclopedia
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Sankaet Pathak is an Indian-American businessman and entrepreneur known for founding the robotics startup Foundation, and fintech company Synapse Financial Technologies.
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Early life and education
Sankaet Pathak grew up in Rajasthan, India.[1] He moved to Tennessee to attend the University of Memphis,[2] where he studied computer engineering, mathematics and physics. He graduated with a master's degree in electrical engineering.[3] In 2014, he was an inaugural Crews Center Entrepreneurship Fellow at the FedEx Institute of Technology.[4][5]
Career
Synapse
While living with roommates in Twin Peaks, San Francisco, Pathak founded the banking as a service (BaaS) platform Synapse Financial Technologies.[2] The company was originally founded to provide banking services to traditionally underbanked customers.[6] The company launched in 2014 and raised $51 million from investors including Andreessen Horowitz.[7][8] It partnered with around 100 financial technology companies including Dave and Honey,[2] and indirectly provided banking services to an estimated 10 million retail customers.[9] In 2022, the company was listed as one of the 100 fastest growing financial services companies in the United States by Inc. Magazine.[10] In 2024, after ten years of operations, the company filed for bankruptcy.[11]
Foundation
In 2024, Pathak co-founded Foundation Robotics Labs with Arjun Sethi.[12] It is a humanoid robotics startup,[13] with a goal of producing autonomous humanoid robots capable of automating manual labor.[14] The company launched an $11 million seed round, with investments led by Tribe Capital.[15][16] That year, Pathak appeared on the Forbes' list of the "Biggest Career Comebacks Of 2024".[17]
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References
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