Avoka

paymentsmobile/digital wallet

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

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

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

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

YES

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)

FUNDING SERIES

OTHERS  · $16 M · Dec 2017

LISTED

NO

Innovation Programs

BASICS

STATUS:

Acquired/Merged

FOUNDING YEAR:

2002

LOCATION:

United States

Views:

184 VISITORS | 334 VIEWS
LATEST FUNDING ROUND

$16 M

TOTAL EMPLOYEES
51-200

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.

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

Focus+
Momentum+
Traction+
People+
Other+

Innovation Programs

Join the exclusive global FinTech community

Be a part of the global FinTech community on Slack