About Appway
Appway is a company based in New York (United States) founded in 2003 was acquired by FNZ in December 2021.. Appway has raised $37 million across 1 funding round from investors including FNZ and Summit Partners. Appway offers products and services including Investor Onboarding Platform and eKYC Process. Appway operates in a competitive market with competitors including Fiserv, Comviva, Jack Henry, Blend and Infibeam Avenues, among others.
- Headquarter New York, United States
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
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- Legal Name Appway Ag
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Products & Services of Appway
Appway offers a comprehensive portfolio of products and services, including Investor Onboarding Platform and eKYC Process. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Digital platform for streamlined investor account opening and verification.
Automated system for quick and secure customer identity checks.
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Software Development Team
98 people
Leadership Team
49 people
Operations Team
29 people
Product Management Team
29 people
Head Team
26 people
Senior Team
24 people
Finance and Accounting
23 people
Human Resources and Administration
20 people
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Funding Insights of Appway
Appway has successfully raised a total of $37M through 1 strategic funding round. The most recent funding activity was a Private Equity Round round of $37 million completed in June 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Private Equity Round — $37.0M
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First Round
First Round
(02 Jun 2020)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2020 | Amount | Private Equity Round - Appway | Valuation | Summit Partners |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Appway
Appway has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include FNZ and Summit Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Summit Partners is recognized as a growth equity investment firm.
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Founded Year | Domain | Location | |
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Wealth management solutions are delivered for asset managers.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Appway
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Appway
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Appway Comparisons
Competitors of Appway
Appway operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Fiserv, Comviva, Jack Henry, Blend and Infibeam Avenues, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Diversified financial solutions for business processing and management are provided.
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Software platforms for telecommunications, digital payments, and experiences are provided.
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| domain | founded_year | HQ Location |
Banking and payments solutions are provided through a dedicated platform.
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Digital solutions for mortgage and consumer lending are provided.
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Digital payment solutions and enterprise software platforms are provided.
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| domain | founded_year | HQ Location |
API-enabled open banking platform is provided for financial institutions.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Appway
Frequently Asked Questions about Appway
When was Appway founded?
Appway was founded in 2003 and raised its 1st funding round 17 years after it was founded.
Where is Appway located?
Appway is headquartered in New York, United States. It is registered at New York, New York, United States.
Is Appway a funded company?
Appway is a funded company, having raised a total of $37M across 1 funding round to date. The company's 1st funding round was a Private Equity Round of $37M, raised on Jun 02, 2020.
What does Appway do?
Appway was founded in 2003 and is headquartered in New York, United States. Operations focus on the fintech sector, where anti-fraud tools and comprehensive banking software suites are developed for banks and financial institutions. Services encompass KYC verification, core banking platforms, mortgage lending solutions, workflow automation, digital banking interfaces, customer engagement tools, and document management systems. Clients such as Investec and SUISA are served through these offerings.
What products or services does Appway offer?
Appway offers Investor Onboarding Platform and eKYC Process.
Who are Appway's investors?
Appway has 2 investors. Key investors include FNZ, and Summit Partners.
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