Avoka

paymentsmobile/digital wallet

STATUS: Acquired/Merged
FOUNDING YEAR: 2002
LOCATION: United States
Last Update: 17/07/2020

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About

Avoka has created a digital business enablement platform to create frictionless sales & service transactions. The company solves the “buy” problem for Banks, Insurers, Health Care, Education, Government and many other industries.

Focus

PRODUCTS & SERVICES

Avoka provides the solutions to the financial institution companies like Retails Banking, Business Banking and Commercial Banking. The solutions include - Avoka Springboard Deposit Account Opening :- It helps users in digital KYC compliance and fraud and risk soltutions by integrating it with their transact platform. Avoka Account Opening :- It helps them in digital onboarding process by providing the solutions such as branding and customer experience control, previews on multiple device types and sizes, adaptive response, dashboard and field-level analytics, optimization etc.

MAIN CLIENTS

Investec

Ebury,Beyond band

BT

G&C mutual bank

Millanium trust

westpac

Admiral

EXISTING PARTNERSHIPS

Axient,Data41,Synateq,Webellian,The IQ Business Group

company provided insights

Traction

ACTIVE USERS COMMENT:

-The company has digitized over 100 million transactions for 150+ global clients. (Dec 2017) -Avoka's Transact is now being used or evaluated at 12 of the Top 50 U.S. banks. -Established a new record for fastest credit card application process at FinovateSpring, awarded 3rd consecutive Finovate Best in Show. -Awarded Most Innovative Customer Engagement Solution in the Citi Mobile Challenge EMEA.

People

FOUNDERS

Philip Copeland

BOARD MEMBERS AND ADVISORS

Georgina McLachlan

NUMBER OF EMPLOYEES

51-200

INVESTORS:

Moelis Australia

Moelis Australia Asset Management

Regal Funds Manage

Regal Funds Management

Roger Allen

KEY EMPLOYEES:

Philip Copeland(CEO); Malcom Edgar(CTO); Matthew Lewis(CFO); Derek Corcoran (CEO); Stephen Coleman(CCO)

Don Bergal(CMO)

Howard Treisman

Momentum

FUNDED

NO

TOTAL FUNDING

$16 M

DATE OF LAST FUNDING

Dec 2017

TOTAL FUNDING COMMENT

The company will use the funds for its growth plans which are already underway in Australia, North America, and Europe with a focus on investment and hiring to support current and projected customers. (Dec. 2017)

LISTED

NO

Innovation Programs

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