• FOUNDING YEAR: 2002
    LOCATION:
    United States
    REGION:
    Colorado
    Last Update:
    9 Sep, 2019

Description

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

PEOPLE

FOUNDERS:
Philip Copeland, Howard Treisman
Board Members and Advisors:
Georgina McLachlan
NUMBER OF EMPLOYEES:
51-200
INVESTORS:
Regal Funds Manage, Moelis Australia
KEY EMPLOYEES:
Philip Copeland(CEO); Malcom Edgar(CTO); Matthew Lewis(CFO); Derek Corcoran (CEO); Stephen Coleman(CCO), Don Bergal(CMO)

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.

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$24 Millions
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)
SEED & PRIOR FUNDING:
$12 Million
SEED CLOSED ON:
Jun 2016
FUNDING SERIES:
SERIES A
$12 Million Closed: Dec 2017
LISTED:
NO

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