Approximately $200 million in consumer funds frozen during the bankruptcy of Synapse Financial Technologies Inc. will be returned by the end of December, according to the court-appointed trustee, Jelena McWilliams.

This marks the conclusion of a challenging six-month period for customers of various fintech firms, including Yotta Savings, Copper Banking, and Juno Finance, who were unable to access their funds.

Evolve Bank & Trust, Synapse's primary banking partner, has successfully reconciled its ledgers with those of the bankrupt entity. The bank has provided a website with detailed instructions for fintech customers to regain access to their funds, which is a significant step towards resolving the issue for affected consumers.