Synapse Analytics, a Cairo, Egypt-based provider of AI-driven financial solutions, has raised $2 million in funding. 

Investors

The funding round was led by Silicon Badia and Hub71. 

Founded in 2012, Silicon Badia is a venture capital firm based in Amman, Jordan, investing in technology companies globally. 

Hub71 is Abu Dhabi’s global tech ecosystem, empowering founders to build enduring tech companies through access to global markets, capital, a network of partners, skilled talent, and progressive regulations.

Synapse Analytics Use of Funds 

The company will use the funds to expand its cutting-edge AI technologies across the GCC and Africa. 

About Synapse Analytics 

Founded in 2018 by Ahmed Abaza and Galal El Beshbishy, Synapse Analytics specializes in artificial intelligence (AI) solutions for the financial sector. The company provides advanced AI-driven software to enhance financial decision-making processes, including credit scoring, dynamic pricing, and Know Your Customer (KYC) procedures. Their solutions aim to improve financial inclusion and access, particularly in the GCC and African markets. Based in Cairo, Egypt, with a regional hub in Abu Dhabi, UAE, Synapse Analytics is part of the Hub71 tech ecosystem. 

Funding Details 

Company: Synapse Analytics 

Raised: $2.0M 

Round: Unknown 

Funding Month: August 2024 

Lead Investors: Silicon Badia, Hub71 

Additional Investors:  

Company Website: https://www.synapse-analytics.io/ 

Software Category: AI Financial 

Source: https://www.wamda.com/2024/07/synapse-analytics-secures-2-million-propel-expansion-plans