Synapse Analytics, an Abu Dhabi-based fintech, has raised $13 million in a Series A round led by Partech, bringing its total funding since inception to $17 million.
Algebra Ventures and Silicon Badia also participated in the round, adding to a growing list of backers supporting the company's push into AI-driven financial decisioning.
What the funding will do
Synapse Analytics said the fresh capital will go toward scaling its team, accelerating product development, and expanding its reach into new international markets. The company works with banks, non-banking financial institutions, fintechs and telcos across the Middle East, Africa and Latin America.
Its core offering is a decisioning solution that supports onboarding, credit, fraud and anti-money laundering decisions for financial institutions. The software is built to be flexible on deployment, running on-premise, in private cloud, public cloud, sovereign cloud, or air-gapped environments — an important consideration for banks and regulators in markets with strict data residency requirements.
Backing from Partech
Ahmed Abaza, co-founder and CEO of Synapse Analytics, said: "Our mission is to give financial institutions the intelligence and decision infrastructure they need to make faster, more secure decisions to reduce risk, unlock growth and build stronger customer relationships. Partech's investment reflects the momentum we have built and gives us the backing of a leading global technology investor to pursue the next stage of that ambition."
Lewam Kefela, Principal at Partech, said: "We're excited to back Synapse Analytics as it builds the category-leading decisioning infrastructure for banks and financial institutions across the Middle East, Africa and Latin America. Ahmed, Galal and their team have the technical depth and execution to scale it, and we look forward to supporting their next phase of growth."
Building an 'AI operating system for finance'
Galal Elbeshbishy, co-founder and COO, described the next phase of the company's product as a shift from pure underwriting tools toward intelligent agents that work alongside bank and fintech teams. "We built Synapse Analytics to help financial institutions make better underwriting decisions," he said. "Today, we're taking that a step further by working with banks, fintechs, and other firms to enable intelligent agents that actively work alongside their teams — helping them build and refine credit policies, continuously enhance underwriting criteria, and monitor portfolios in real time. These agents identify emerging opportunities and risks, help institutions grow their portfolios while reducing risk, and allow them to react quickly as market conditions and borrower behaviour change. Our vision is to create the AI operating system for the new age of finance."
For Abu Dhabi's fintech sector, the round is another sign of investor appetite for infrastructure companies serving financial institutions across emerging markets, rather than consumer-facing apps alone. Synapse Analytics' focus on risk, fraud and compliance decisioning places it squarely in a category that banks and telcos across the Middle East, Africa and Latin America are increasingly looking to modernise with AI.
