Synapse Analytics raises $13m Series A to expand AI platform

By Divya Shah

Synapse Analytics, an Abu Dhabi-based AI company serving financial institutions, has raised $13 million in a Series A funding round led by Partech, with participation from Algebra Ventures and Silicon Badia. 

The latest investment brings the company’s total funding to $17 million since its launch and will be used to expand its workforce, accelerate product development, and support international expansion. 

The company develops AI-powered decisioning infrastructure for regulated financial institutions, helping automate processes such as customer onboarding, credit assessment, fraud detection, and anti-money laundering (AML) monitoring. 

Synapse Analytics’ platform is designed to operate within a bank’s existing infrastructure, including on-premises, private cloud, public cloud, sovereign cloud, and air-gapped environments, allowing institutions to retain control over their data and internal policies. 

Ahmed Abaza, co-founder and CEO of Synapse Analytics, said, “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.” 

The platform also enables risk and credit teams to modify policies directly and test potential changes before deployment, providing greater oversight over AI-driven decision-making processes.  

The company is also expanding its use of AI agents within financial services workflows. These tools are designed to assist banks, FinTechs, and other financial firms in refining credit policies, monitoring portfolios, and identifying emerging risks and opportunities. 

Galal Elbeshbishy, co-founder and COO of Synapse Analytics, said, “We built Synapse Analytics to help financial institutions make better underwriting decisions. 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,” Elbeshbishy added.  

The funding comes as banks and FinTechs increase investment in AI-driven automation while seeking solutions that meet increasingly stringent regulatory and data governance requirements. Synapse Analytics plans to use the new capital to broaden its product capabilities and expand its presence in international markets.