# Syntizen Technologies Pvt.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/syntizen-technologies-pvt

- Industry: Software
- Headquarters: Hyderabad, India
- Website: www.syntizen.com
- Latest round: Seed (Sep 17, 2019)
- Investors on record: 2

## About

Syntizen Technologies Pvt. Ltd. offers comprehensive digital identity verification solutions, enhancing security across various sectors by utilizing technologies like biometric authentication and electronic KYC.Founded in 2014 in Hyderabad, India, Syntizen specializes in digital identity verification solutions. The company was co-founded by Dinesh Desu and Siddharth Kukatlapalli. As of July 19, 2022, Syntizen was acquired by M2P Solutions Pvt. Ltd., which aims to integrate identity and onboarding services within its technology stack. The company has engaged in 2 deals since its inception.Syntizen specializes in providing advanced digital identity verification solutions aimed at enhancing security and efficiency for various industries. Their core product offerings include biometric authentication services, electronic KYC (Know Your Customer) solutions, and document verification systems, designed to address challenges in identity theft and fraud prevention. By leveraging technology such as facial recognition and artificial intelligence, Syntizen’s products facilitate seamless onboarding processes and improve compliance with regulatory standards. Their solutions cater primarily to sectors like banking, finance, insurance, and telecommunications, reaching clients across Southeast Asia, the Middle East, and parts of Africa.For the year 2023, Syntizen reported a revenue of USD 1.31 mn, while experiencing an EBITDA loss of USD 996,728.3.Following its acquisition in July 2022, Syntizen plans to expand its product offerings and enter new markets. The company aims to launch new identity verification solutions tailored for diverse industries, with specific releases targeted for late 2023. Additionally, Syntizen will focus on penetrating markets in Europe and North America by mid-2024. The funding from the acquisition will facilitate these initiatives, allowing Syntizen to enhance its technology and solidify its presence in the financial services sector.

## Funding rounds

- Seed, Sep 17, 2019 — ACPL Exports Pvt. Ltd, Mastercard Start Path

## Investors

- ACPL Exports Pvt. Ltd — Seed
- Mastercard Start Path (https://capitalatlas.ai/funds/mastercard-start-path) — Seed