Egyptian AI startup Synapse Analytics raises $13m Series A funding round

**Egyptian AI company Synapse Analytics has raised US$13 million in Series A funding to scale its team, accelerate product development and expand international market reach. **

Founded in 2018 by Ahmed Abaza and Galal Elbeshbishy, Synapse Analytics is an agentic decisioning platform that allows regulated financial institutions to own and control their decisioning outright. Its unified, AI-native architecture connects onboarding, credit scoring, fraud, anti-money laundering (AML), collections, customer segmentation and customer value management (CVM) across the customer journey.

Synapse Analytics works with banks, non-banking financial institutions, fintechs and telecommunications companies across the Middle East, Africa and Latin America. Synapse Analytics has supported more than US$200 million in lending and helped clients reduce non-performing loans by up to 40 per cent.

The startup is now planning further growth after raising US$13 million in a Series A funding round. This brings the startup’s total raised to US$17 million since inception, including a US$2 million round in July 2024. The latest round was led by Partech, with additional participation from Algebra Ventures and Silicon Badia.

Synapse Analytics will use the new capital to scale its team, accelerate product development and expand international market reach, with the startup having already begun expanding across the Gulf Cooperation Council (GCC) region and Africa.

“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,” Abaza said.

Lewam Kefela, principal at Partech, said her firm was 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,” she said.

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