Startups

South Africa Startup, Synatic, Secures Funding to Expand Its Services into the United States

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To expand its services into the United States, Synatic has raised seed funding from UW Ventures and its partners – Allan Gray and E Squared.

With the funds raised, Synatic looks to deepen its low-code data platform and expand its customer base across the US.

The startup launched in 2017, and it has developed a low-code data automation platform. The channel enables enterprises to iterate quickly.

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And it also provides rapid time to value for businesses that need to accelerate by leveraging multiple complex data systems.

The firm’s mission has been to provide powerful and simple data platforms to help enterprises build their businesses faster.

Synatic places primary focus on financial service companies; and it has over 40 enterprise clients across Africa, Australia, and the United States.

‘’We believe there is a wealth of talent and experience in South Africa. And it provides us with a great opportunity to build world-class products,’’ said Martin Naude, CEO of Synatic.

‘’We have found market-fit products. Hence, the need for capital to expand the team, deepen our tech, and grow our US customer base,’’

‘’We are privileged to have UW Ventures and their partners as our first investors. They get our vision to make powerful data automation a piece of cake. We therefore look forward to having them on board not only as investors, but also advisors.’’ Martin concluded.

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