Tunisia’s Cynoia plans West African expansion after raising $930k
TLDR
- Tunisian startup Cynoia prepares for West African expansion after securing EUR850,000 in funding
- Cynoia aims to streamline collaboration within organizations by integrating essential tools into one platform
- The startup prioritizes human wellbeing and aims to optimize operations and boost team productivity
Tunisian startup Cynoia, striving to become the ultimate collaboration hub for teams, is gearing up for a West African entry following a EUR850,000 (US$930,000) funding round. The startup has gained traction, with over 3,000 users across nine countries, prompting plans for further expansion.
Established in 2022 by Nasreddine Riahi and Ayoub Rabeh, Cynoia's goal is to streamline and enhance collaboration within organizations. The platform consolidates an extensive suite of essential tools, covering everything from chat and video conferencing to email and calendar management, document handling, and project management.
"By centralizing all digital tools and communication channels into one dynamic platform, we aim to optimize your operations and boost your team’s productivity. We’re not just a tool; we’re your enterprise’s success partner that redefines digital collaboration and prioritizes human wellbeing," explained Riahi to Disrupt Africa.
Key Takeaways
In Africa, startups digitizing the administrative stack for enterprise customers across multiple verticals (ranging from team collaboration to payroll and broadly human resources management), such as Cynoia, Workpay, FaidiHR, SeamlessHR, Bento Africa, and Zuberi have a big market opportunity considering the growing appetite for enterprise software solutions among medium-to-large organizations on the continent. The Middle East and Africa’s cloud computing industry is expected to grow to $31.4 billion by 2026, from $14.2 billion in 2021, mainly driven by private sector funding and appetite for digital solutions.
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