Synnax, an AI-driven credit rating startup, has appointed Luc Froehlich, former head of digital assets at Fidelity International, as its new Chief Commercial Officer. Froehlich will oversee the company’s commercial strategy and operations, leveraging his expertise in credit markets to advance Synnax’s mission of providing enhanced credit assessment solutions.
Before joining Synnax, Froehlich led Fidelity International’s venture focused on digital and tokenized assets for seven years. Additionally, he recently joined Layer N’s advisory board, an Ethereum-based roll-up network.
Synnax CEO Robert Alcorn emphasized Froehlich’s deep understanding of credit markets and highlighted his appointment as timely, coinciding with the firm’s forthcoming release of its first public model.
Founded in 2023 by Robert Alcorn and Alessio Quaglini, Synnax utilizes machine learning algorithms and big data analysis to offer credit evaluations for both on-chain and off-chain markets. The platform utilizes the SYNAI token for payment and incentivizes data scientists for their contributions. Synnax has raised $1 million from 13 investors, according to PitchBook data.
