About Synapse Analytics
Synapse Analytics is a company based in Cairo (Egypt) founded in 2018 by Ahmed Abaza and Galal Elbeshbishy.. Synapse Analytics has raised $4 million across 2 funding rounds from investors including Hub71, Silicon Badia and EgyptVentures. Synapse Analytics offers products and services including Credit Decisioning Platform, Customer Onboarding, AI Credit Scoring, and Fraud Detection. Synapse Analytics operates in a competitive market with competitors including UST, Genpact, 1&1 IONOS, Happiest Minds and Accenture, among others.
- Headquarter Cairo, Egypt
- Founders Ahmed Abaza, Galal Elbeshbishy
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$4 M (USD)
in 2 rounds
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Latest Funding Round
$2 M (USD), Seed
Jul 31, 2024
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Investors
Hub71
& 4 more
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Employee Count
Employee Count
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Products & Services of Synapse Analytics
Synapse Analytics offers a comprehensive portfolio of products and services, including Credit Decisioning Platform, Customer Onboarding, AI Credit Scoring, and Fraud Detection. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Enables faster credit approvals and risk assessment for lenders
Streamlines verification and document processing for clients
Uses AI for accurate and consistent credit risk evaluation
Detects anomalies in documents to prevent fraudulent activities
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Funding Insights of Synapse Analytics
Synapse Analytics has successfully raised a total of $4M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $2 million completed in July 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Seed — $2.0M
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First Round
First Round
(22 Jun 2022)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2024 | Amount | Seed - Synapse Analytics | Valuation | Silicon Badia , Hub71 |
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| Jun, 2022 | Amount | Seed - Synapse Analytics | Valuation | Egypt Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Synapse Analytics
Synapse Analytics has secured backing from 5 investors, including venture fund and angel investors. Prominent investors backing the company include Hub71, Silicon Badia and EgyptVentures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital investment firm
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Founded Year | Domain | Location | |
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Sector agnostic startup accelerator
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Founded Year | Domain | Location | |
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EgyptVentures is focused on investing in innovative Egyptian startups.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Synapse Analytics
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Synapse Analytics
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Synapse Analytics Comparisons
Competitors of Synapse Analytics
Synapse Analytics operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as UST, Genpact, 1&1 IONOS, Happiest Minds and Accenture, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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High-quality office furniture is provided by UST for various needs.
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Provider of end-to-end business process outsourcing services
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Cloud infrastructure and hosting services are provided by 1&1 IONOS.
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IT outsourcing services are delivered across multiple business lines.
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IT and management consultancy services are provided globally.
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Application development, cloud, cybersecurity, and business intelligence services are provided.
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Synapse Analytics
Frequently Asked Questions about Synapse Analytics
When was Synapse Analytics founded?
Synapse Analytics was founded in 2018 and raised its 1st funding round 4 years after it was founded.
Where is Synapse Analytics located?
Synapse Analytics is headquartered in Cairo, Egypt.
Who is the current CEO of Synapse Analytics?
Ahmed Abaza is the current CEO of Synapse Analytics. They have also founded this company.
Is Synapse Analytics a funded company?
Synapse Analytics is a funded company, having raised a total of $4M across 2 funding rounds to date. The company's 1st funding round was a Seed of $2M, raised on Jun 22, 2022.
What does Synapse Analytics do?
Synapse Analytics was established in 2018 in Cairo, Egypt. IT services are delivered across various domains through the companys online platform at synapse-analytics.io. Operations center on analytics and technology solutions for clients in the sector. Leadership is provided by Founder and CEO Ahmed Abaza, alongside Co-Founder Galal Elbeshbishy. Focus remains on supporting business needs in the region with standard IT offerings.
Who are the top competitors of Synapse Analytics?
Synapse Analytics's top competitors include Happiest Minds, Mavenir and 1&1 IONOS.
What products or services does Synapse Analytics offer?
Synapse Analytics offers Credit Decisioning Platform, Customer Onboarding, AI Credit Scoring, and Fraud Detection.
Who are Synapse Analytics's investors?
Synapse Analytics has 5 investors. Key investors include Hub71, Silicon Badia, EgyptVentures, Amr Awadallah, and Simon Rowlands.