Beirut: BSynchro Holding SAL has recently announced that it has raised $1 Million of additional capital from its current shareholders Berytech Fund II and Phoenician Funds I.
BSynchro is a Beirut-based regional software development and consulting company, currently operating in GCC, Levant, and Africa. It also has a majority stake in a Bahraini based company, Arima, specialized in Core insurance and Reinsurance solutions.
The group specializes in the digitization processes of insurance-related companies, offering state of the art front end solutions, and has a wide and diverse customer base of more than 80 clients across 25 countries.
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BSynchro Holding received its first funds from Berytech Fund II and Phoenician Fund in 2016 to complete the development of its products.
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It plans on going even further in its sales reach and innovation with this new round of investment.
The newly received funds will be invested in developing BSynchro’s multi-purpose suite of products dedicated to transitioning insurance-related companies into the digital world in a speedy and affordable way, notably with an extensive use of new technologies such as Artificial Intelligence, Machine learning and Robotic Process Automation.
ⓘ This news first appeared on Magnitt
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