$13 MILLION RAISED. SEVEN MARKETS. $200 MILLION+ IN LENDING SUPPORTED. TWO EGYPTIAN FOUNDERS ARE TAKING AFRICAN AI TECHNOLOGY TO GLOBAL FINANCIAL MARKETS. The bigger story is how Ahmed Abaza and Galal Elbeshbishy, co-founders of Synapse Analytics, are transforming an Egyptian startup into an international AI-powered financial technology business.
Founded in 2018, Synapse Analytics is helping banks and financial institutions make smarter, faster and more reliable credit decisions. The numbers reflect its growing international ambition: $13 million raised in a Series A round led by Partech. Seven markets across Africa, the Middle East and Latin America. Over $200 million in lending supported through its technology. Up to 40% reduction in non-performing loans reported among clients.
But the bigger achievement goes beyond the numbers. Synapse is building AI technology that helps financial institutions manage risk, expand access to credit and unlock new opportunities for businesses. Backed by international investors including Algebra Ventures and Silicon Badia, the company demonstrates how African innovation can compete in global financial markets. Africa is not just becoming a market for artificial intelligence.
African entrepreneurs are increasingly building the technology that powers it. And Ahmed Abaza, Galal Elbeshbishy and their team are helping lead that transformation.
