Synapse Analytics secures $13 million Series A led by Partech

UAE-based AI firm Synapse Analytics has secured $13 million in Series A funding, with Partech leading the round, joined by Algebra Ventures and Silicon Badia. The startup, founded in 2018 by Ahmed Abaza and Galal Elbeshbishy, specializes in an agentic AI decisioning platform tailored for regulated financial institutions. This platform empowers credit and risk teams to create, evaluate, adjust, and implement policies while maintaining control over their data and decision-making infrastructure.

The additional capital will be utilized to expand the team, hasten product development, and broaden Synapse Analytics' international reach. The funding brings the company's total funding to $17 million. Synapse Analytics' mission is to provide financial institutions with the intelligence and decision-making infrastructure necessary for faster, more secure decisions, ultimately enhancing risk management, fostering growth, and strengthening customer relationships.

The startup's solutions are deployed within the client's own infrastructure, ensuring compliance and control while delivering AI capabilities. The company's agentic AI decisioning platform addresses the challenge faced by financial institutions in automating processes while preserving data security and control. With the increasing adoption of digital financial services, institutions are under pressure to make faster and more secure risk-based decisions across various scale levels, all while adhering to regulatory and data-governance requirements.

Synapse Analytics is poised to play a pivotal role in this transformation, offering the essential infrastructure to help institutions thrive in the evolving financial landscape.