Los Angeles Times

Women accuse fintech CEO of harassment

Lawsuit says Synapse chief discrimina­ted based on gender, pregnancy and age.

- By Julie Verhage Verhage writes for Bloomberg.

Three women are suing a Silicon Valley start-up and its chief executive on allegation­s of harassment and discrimina­tion based on gender, pregnancy and age, according to a complaint filed Monday in San Francisco state court.

The women say the CEO of Synapse Financial Technologi­es Inc., Sankaet Pathak, was verbally abusive and antagonize­d them in meetings and in private.

The CEO “undermined, intimidate­d and toyed with the female employees,” the complaint says, and made “overt, graphic sexual comments in front of and to female employees and demeaned and belittled them.”

Synapse did not immediatel­y respond to a request for comment.

In September, Synapse and Pathak sued Glassdoor, a website that lets employees post anonymous reviews, saying that negative reviews made about the company were false.

The employee comments, which accused Pathak of yelling profanitie­s at employees and intimidati­ng women, were untrue and constitute­d defamation, according to the complaint.

Glassdoor responded that Synapse had not adequately proved the statements were false.

Synapse, a start-up that helps companies launch banking products such as debit cards and savings accounts through its platform, has raised about $50 million in funding. The company’s technology allows other fintechs to more easily work with existing banks, which can process and store consumers’ cash.

Andreessen Horowitz led its most recent funding round, for $33 million in June, with participat­ion from investors including Core Innovation Capital and Trinity Ventures.

If substantia­ted, the women’s claims against the company would fit into a wider trend of harassment toward women at highflying Silicon Valley companies, though the allegation­s in the suit are uncommonly severe. They include obstructin­g an employee’s path to the exits during a contentiou­s meeting and a pattern of demeaning comments.

One plaintiff had a miscarriag­e, the complaint said, after the CEO’s “harassment continued” and her “anxiety increased.”

The suit was brought by Asya Bradley, Taylor Sims and Mharie Fraser, all of whom left or were fired within the last two years.

They say Pathak “screamed and cursed at the female employees and would block the door to intimidate them from leaving conference rooms.”

According to the complaint, “He did not do this to the male employees.”

The complaint also alleges that the company discrimina­ted against one employee because she had more than one child while working at Synapse.

It says Pathak told employees that Bradley was taking advantage of Synapse by using maternity leave.

Pathak is also accused of making inappropri­ate comments to one woman based on her age, saying the male employee she was having lunch with on her first day at Synapse was “into mom types.”

The CEO also speculated that the company did not have many older workers “for a reason,” saying, “We need fresh perspectiv­es to do this job right,” according to the complaint.

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