The Cyprus Research and Innovation Foundation (RIF) DISRUPT Programme has awarded $1.62 million in funding to Dynamic Works, a company that provides technology to financial services organizations.
The company also supplied a promise from a regulated fund for an investment of €1 million, bringing the total equity raise to €2.5 million in accordance with the requirements of the DISRUPT program.
The funds will be used for technology updates to Dynamic Works’ flagship product, Syntellicore, a CRM solution for financial services organizations, according to the news statement shared with Finance Magnates.
The objective of the company is to include artificial intelligence (AI) and mobile technologies into the CRM.
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“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,” said Angelos Gregoriou, CEO and co-founder of Dynamic Works. He further added, “This grant is a big step forward for us in financial technology. It will help us make financial services much more efficient and safer.”
Through the Disrupt program, public funds and private equity are combined to help enterprises’ rapid expansion into global markets.
Only Cypriot organizations with a Minimum Viable Product (MVP) available in at least one market and having passed beta testing by intended end customers are eligible to apply for the program.
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In addition, Dynamic Works will collaborate closely on the “innovation project,” which is scheduled to run for eighteen months, with the Research Innovation Foundation and other partners.
The corporation has already established a specialized AI team, so the project’s first phase is already under way.
About Dynamic Works
DW Dynamic Works Ltd. is a prominent global provider of on-demand, integrated, customised business management software for growing, midsize, and enterprise firms. Dynamic Works, one of the region’s most trusted vendors, introduced a Forex CRM in 2011 and has worked on several key projects in the Forex, Public, Banking, and Private sectors.
