BSynchro Holding

Founder: Michel Chammas Funding: $5 million Investors: Phoenician Funds I Holding Sal, Berytech Fund II S.A.L

Country: Lebanon, 2011 Beirut-based regional software development and consulting company, BSynchro, digitizes processes for insurance-related companies by offering state-of-the-art front-end solutions. The company has more than 80 clients across 25 countries. One of its products is CORA, a rule-based microservices engine offering sales, pricing and automatic underwriting capabilities. In June 2019, the company announced that it had raised $1 million of additional capital from its current shareholders, Berytech Fund II and Phoenician Funds I. BSynchro has a majority stake in a Bahraini-based company, Arima, which specializes in core insurance and reinsurance solutions.