Dynamic Works, a technology provider for financial services companies, announced it has secured €1.5 million in funding from the Cyprus Research and Innovation Foundation’s DISRUPT Programme. As part of the program’s requirements, the company also obtained a €1 million commitment from a regulated fund, bringing the total funding to €2.5 million.
The funds will be used to enhance Dynamic Works’ flagship CRM product, Syntellicore, by integrating mobile technologies and AI. The DISRUPT program combines public funding with private equity to support the growth of Cypriot businesses with viable products already tested in the market.
Dynamic Works will collaborate with the Research Innovation Foundation and other partners on this 18-month innovation project, which is already underway with a dedicated AI team. The investment was secured following a business valuation by KPMG.
Words from those involved in the funding round:
“We have been working in this industry for 21 years, and our hard work has paid off with strong growth in the last five years, thanks to the success of Syntellicore, our CRM Solution for the financial services.
This grant is a big step forward for us in financial technology. It will help us make financial services much more efficient and safer.”
— Angelos Gregoriou, CEO and co-founder of Dynamic Works
“We are dedicated to working together to achieve groundbreaking results with RIF’s support. This project is the result of many months of planning and hard work. It will set new standards for financial services around the world.”
— George Georgiou, co-founder and Managing Director of Dynamic Works
Featured image: Dynamic Works’ CEO signing the agreement with Theodoros Loukaidis, Director General at RIF. Credit: Dynamic Works
