Cynoia wins best SaaS Startup award

Cynoia, the African-built team workspace platform, has been recognised as the Best SaaS Startup at the prestigious AfricArena Grand Summit 2024, held in Cape Town

The event, now in its seventh year, is known as Africa's top tech ecosystem accelerator, drawing over 100 startups from 31 African nations.

At the Cape Town International Convention Centre, Cynoia’s chief financial officer, Manar Labidi, accepted the award after competing with 45 other startups in a competition described by AfricArena founder Christophe Viarnaud as “the stage of Africa’s future.” This recognition strengthens Cynoia’s position as a key innovator in Africa’s SaaS sector.

2024 has proven transformative for Cynoia, which enables teams to collaborate more efficiently while slashing software costs by up to 80%. With a new leadership structure, growing international recognition, and continental expansion, the company is preparing to redefine the future of African teamwork with the upcoming launch of its AI engine, Hannibal.

In an important internal promotion, Nermine Slimane transitioned from Team Lead to Chief Technology Officer, bringing valuable expertise in Cynoia’s architecture to the executive team. This allowed co-founder Ayoub Rabeh to focus on his new role as Chief Product Officer, further strengthening the company's commitment to product development. Felipe Millan also joined as Chief Marketing Officer, completing the leadership team, which prioritizes diversity with women representing 47% of the company.

"We're building something special here," remarked Nassreddine Riahi, CEO of Cynoia. "Our team is stronger than ever, and we're reaching more businesses across Africa than we imagined possible when we started. We're not just creating another collaboration tool – we're building the workspace that African teams actually need."

November saw the release of Cynoia Version 2.0, featuring upgraded project management tools, chat, video calls, and file-sharing, all within a single bandwidth-efficient platform suitable for various budgets. The company has also expanded its footprint, establishing a legal entity in Senegal and growing its user base in Ivory Coast, Democratic Republic of Congo, Cameroon, and Rwanda. "Being closer to our users helps us understand their real needs," explained Ayoub Rabeh, chief product officer. "Every market is unique, and we’re adapting our platform accordingly, especially for areas with limited internet connectivity."

Looking ahead to 2025, Cynoia is set to launch Hannibal, its AI engine tailored for African teams. "Hannibal will make advanced AI accessible to businesses across the continent, regardless of their size or location," concluded Nermine Slimane, chief technical officer. "We’re focusing on practical AI applications that make sense for how African teams actually work."