Synnax Secures $550,000 to Boost AI-Powered Credit Intelligence

Synnax's Co-founder and CEO, Robert Alcorn

Synnax, a decentralized credit intelligence platform, has secured $550,000 in funding from Wintermute Ventures and TON Ventures. This investment will support the continued development of its innovative credit intelligence protocol and SynQuest, a Telegram-based mini-app. Utilizing decentralized AI, Synnax aims to offer predictive financial forecasts for both public and private companies, revolutionizing credit ratings in the Web3 space.

SynQuest gathers community sentiment data, which, when combined with macroeconomic and blockchain insights, enhances financial models' accuracy while generating external revenue streams.

Co-founder and CEO Robert Alcorn expressed excitement about the collaboration, stating that Wintermute's expertise in digital asset lending and TON Ventures' leadership in the blockchain space align perfectly with Synnax's vision for driving innovation.

Source: Arabian Business