Synnax, a pioneer in AI-based credit analysis for digital assets, has secured $1 million in Pre-seed funding, led by No Limit Holdings with contributions from a coalition of global investors including Edessa Capital and Kenetic Capital.
This investment will fuel the launch of Synnax’s AI credit intelligence platform, aiming to revolutionize the $100 trillion traditional private credit market by offering a transparent, unbiased rating system free from manipulation and bias.
Founded in Dubai in 2023 by veterans from both the digital and traditional financial sectors, Synnax introduces a new era of credit evaluation, leveraging encrypted data and AI to deliver real-time insights.
“We saw there was major demand across private credit markets for a rating standard that is impartial, secure, and forward-looking. Synnax addresses this by serving a broader array of capital market participants within private and public sectors, both off-chain and on-chain. In the process, it will not only emerge as a global standard for credit ratings and underwriting but also advance a new era of technologically-driven credit intelligence.”
— Robert Alcorn, CEO & Co-Founder, Synnax
“No Limit Holdings has a fundamental conviction that an incentivized network of decentralized AI models will dramatically enhance all aspects of traditional finance. Synnax incorporates this method and is building a platform for the debt issuance market that will benefit both borrowers and lenders. This has the potential to grow the entire SMB loan industry worldwide.”
— Anatoly Kondiyakov, Partner, No Limit Holdings
