What Synaphea does

Synaphea is an Athens-based enterprise blockchain solutions company founded in 2015 by Andreas Paradise (CEO), George Theofilis (CTO), and Dimitris Giannakis (CBDO). It builds on Hyperledger, Ethereum, and Rootstock (RSK) distributed ledger technologies, with a core product called the Synaphea Dashboard — a no-code/low-code platform that allows organizations to create blockchain networks, deploy smart contracts, and manage multi-chain implementations without programming expertise. The company also delivers vertical-specific applications, most notably an insurance chatbot for contract issuance covering offer, agreement, payment, and terms monitoring, and lists banking, shipping, healthcare, and IoT among its target industries.

The company runs a consulting-led B2B go-to-market, combining strategic and technical advisory services with subscription access to its platform tooling. Pricing is custom and quote-based, structured around multi-year enterprise contracts tailored to implementation scope. Its only publicly named customer relationship is with Groupama, the insurance company for which it developed blockchain applications after winning the 2016 InsurTech competition. Synaphea is privately held, Greek-domiciled, and bootstrapped — no institutional investors, funding rounds, or parent-company affiliations are disclosed.

Synaphea's verifiable public milestones cluster in the 2016-2018 window: Groupama InsurTech competition win (2016), fintech and insurance hackathon wins in 2017, a Viva Nest fintech commendation in May 2017, GSMA Mobile World Congress 2017 participation in Barcelona, and the January 2018 Hyperledger Developer Showcase feature. No material product, hiring, funding, or expansion events are documented after January 2018 in the supplied data, despite the company remaining listed as operating.

Name

Synaphea

Legal name

Synaphea

Website

https://synaphea.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

1–10 employees

Short description

Synaphea is an Athens-based enterprise blockchain solutions company founded in 2015, offering the Synaphea Dashboard no-code platform for deploying smart contracts across Hyperledger, Ethereum, and Rootstock networks, primarily serving insurance, banking, and shipping organizations with consulting and B2B implementation services.

Ownership category

akta.pro rank

Product category

Enterprise Blockchain Solutions

NAICS

Computer Systems Design and Related Services (54151), Other Management Consulting Services (541618)

SIC

Services-Computer Programming Services (7371), Services-Computer Integrated Systems Design (7373), Services-Management Consulting Services (8742)

akta.pro primary industry

Smart Contract Frameworks & SDKs (developer kits, templates, standards) (FSAPABAB)

akta.pro secondary industries

Deployment, Automation & DevOps (build pipelines, contract deployment tools) (FSAPABAH), Developer APIs & Node Access (RPC providers, node infrastructure APIs) (FSAPABAC)

Keywords

• Enterprise blockchain solutions
• Smart contract development
• Blockchain consulting services
• Distributed ledger technology
• Blockchain as a service

Headquarters

HQ city

Attikí

HQ country

Greece

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales

Revenue model

1. Blockchain Consulting Services: Strategic and technical consulting for blockchain implementations. The company serves as an advisor for organizations looking to adopt blockchain technology, helping with experimentation and prototyping of practical use cases.
2. B2B Blockchain Solutions: Enterprise-grade blockchain solutions and tools sold to businesses, including access to the Synaphea Dashboard platform for smart contract management and deployment.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels6 records

Core offering

Synaphea provides enterprise blockchain consulting services and B2B blockchain solutions, including the proprietary Synaphea Dashboard — a low-code/no-code management platform that enables organizations to create blockchain networks and develop, deploy, and manage smart contracts across Hyperledger, Ethereum, and Rootstock (RSK) implementations with little to no programming knowledge required.

Product overview

Synaphea is a blockchain solutions company offering a unified platform called the Synaphea Dashboard, which serves as the core product. The platform bundles tools that enable individuals or organizations to benefit from blockchain technology with minimal technical expertise. Key capabilities include creating blockchain networks, developing and maintaining smart contracts, and deploying across multiple blockchain implementations including both public and private networks. The company also provides enterprise blockchain consulting services.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• Eliminate management costs, disputes, frauds and other unwanted risks
• +1 more outcomes

Named customers1 record

Segments5 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Three partnerships are on record, tiered core.

• HyperledgercoreTechnology or IntegrationHyperledger is the core blockchain platform technology for Synaphea's enterprise solutions. The company develops on Hyperledger Fabric and has been featured in Hyperledger's Developer Showcase series. Hyperledger is a well-known private/permissioned blockchain with over 100 supporting companies including IBM.
• Viva Nest - An IDEA in FintechcoreStrategic or Co-development PartnerViva Nest is a digital innovation program in fintech that provided support and recognition to Synaphea. The company received commendation in the Viva Nest finals for their blockchain dashboard solution.
• GroupamacoreStrategic or Co-development PartnerGroupama is an insurance company partner for whom Synaphea developed blockchain applications. The company won hackathons sponsored by Groupama and developed insurance-specific blockchain solutions including chatbots for contract issuance.

Scale indicators2 records

Recent moves6 records

Expansion highlights4 records

Emerging players

• Kaleido (a ConsenSys business): Enterprise blockchain-as-a-service platform providing turnkey networks, oracles, and token tooling. Directly comparable to Synaphea's 'blockchain as a service' value proposition for enterprises that want managed infrastructure without deep in-house expertise.
• Chronicled: Enterprise blockchain company focused on supply chain and regulated industries, with a strong consulting-led delivery model similar to Synaphea's. Comparable in operating model (consulting + platform tools) if not in specific vertical focus.
• Insurwave: Marine insurance blockchain platform built on Hyperledger for shipping industry policy and claims workflows. Directly comparable to Synaphea's shipping industry use case ('identify best counter-party, lower cost than traditional chartering') on a similar technology stack.
• Kadena: Smart contract platform (Chainweb) targeting enterprise use cases with scalable proof-of-work architecture. Comparable as an alternative smart contract platform competing for enterprise blockchain budgets alongside Synaphea's Ethereum/Hyperledger deployments.
• B3i (Blockchain Insurance Industry Initiative): Insurance industry consortium blockchain initiative focused on reinsurance and risk transfer smart contracts. Synaphea's insurance vertical focus (Groupama chatbot, smart contracts for policy management) overlaps directly with B3i's target use cases.

Others

• Chainlink: Decentralized oracle network providing off-chain data feeds to smart contracts — adjacent infrastructure that Synaphea's enterprise smart contract deployments would integrate with rather than compete against.

Direct peers

• BlockApps: Enterprise blockchain platform built on Hyperledger, offering tools and services for permissioned network deployment. Closest direct competitor given shared Hyperledger focus and enterprise tooling/consulting dual model.
• R3 (Corda): Enterprise DLT platform purpose-built for financial services and insurance. Highly comparable to Synaphea in targeting banks and insurers with permissioned blockchain, but operates a full platform company rather than a consultancy-plus-tool model.
• ConsenSys: Largest Ethereum-focused enterprise blockchain consultancy and tooling provider (Infura, Truffle, MetaMask). Direct competitor for Synaphea's smart contract development and Ethereum-focused enterprise consulting, though at vastly greater scale.

Broad incumbents

• IBM Blockchain: Steward of Hyperledger Fabric and the dominant enterprise blockchain platform vendor. Synaphea's Hyperledger depth and consulting-led go-to-market are squarely in IBM's competitive orbit, though IBM offers a much broader services portfolio.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

• Xx.com/synapheachain
• GitHubgithub.com/synaphea
• Facebookfacebook.com/synaphea
• LinkedInlinkedin.com/company/synaphea
• Instagraminstagram.com/synaphea

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Synaphea