Abu Dhabi-based Synervest, an innovative B2B fintech platform, has successfully closed a $4 million Series A funding round. This significant capital injection is set to fuel the company’s ambitious expansion plans across key international markets and enhance its cutting-edge technology solutions, reaffirming the UAE’s position as a burgeoning hub for fintech innovation.
By the Numbers
- $4 Million: Total amount raised in Series A funding.
- 1: Lead investor (Dhunseri Group).
- 45+: Current team size, poised for growth.
Strategic Investment for Growth
The Series A round was led by the Dhunseri Group, a prominent India-based conglomerate, demonstrating a strong vote of confidence in Synervest’s vision and technological prowess. The funding round also saw participation from several UAE-based investors, including Al-Ghazi Invest and various family offices, underscoring robust regional support for the homegrown fintech champion. This capital infusion will be strategically deployed to expand Synervest’s market presence across the MENA region, South Asia, Europe, and North America. A substantial portion will also be dedicated to research and development, particularly in advanced AI and machine learning capabilities, alongside strengthening the company’s product offerings and scaling its talented team.
Empowering Businesses with Innovative Fintech
Synervest is at the forefront of transforming corporate financial operations with its comprehensive B2B fintech platform. The platform offers a suite of integrated solutions designed to streamline complex processes for small and medium-sized enterprises (SMEs) and large corporates alike. Key offerings include advanced treasury management systems, efficient payment orchestration, and seamless cross-border payment solutions. By providing a unified and intelligent platform, Synervest empowers businesses to optimize their financial workflows, enhance operational efficiency, and navigate the complexities of global transactions with greater ease and security.
Foundational Strength and Future Vision
Founded by a seasoned leadership team comprising CEO Sohail Khan, CTO Syed Ali, and COO Azmat Khan, Synervest has rapidly established itself as a significant player in the fintech landscape since its seed round in 2022. Their combined expertise and strategic foresight have been instrumental in developing a robust platform and attracting substantial investor interest. The current team of over 45 employees is a testament to the company’s growth and its commitment to attracting top talent. This Series A funding marks a pivotal moment, enabling Synervest to accelerate its mission of delivering innovative, scalable, and secure financial solutions to businesses worldwide.
About Synervest
Synervest is an Abu Dhabi-based B2B fintech company specializing in treasury management, payment orchestration, and cross-border payment solutions for SMEs and corporates. Committed to leveraging advanced technology, Synervest provides a unified platform that simplifies financial operations and enhances efficiency for businesses operating in a global economy.
Looking Ahead
With the fresh capital, Synervest is poised for an aggressive growth phase. The company plans to significantly broaden its geographical footprint, targeting strategic markets in the Middle East & Africa, South Asia, Europe, and North America. A strong emphasis will be placed on continuous innovation, with ongoing investment in AI and machine learning to refine and expand its product suite. Synervest aims to become the preferred fintech partner for businesses seeking to optimize their financial operations and unlock new opportunities in the digital era.
Source: Tech in Asia
