About AvaFin
AvaFin is a Financial Services company based in Limassol (Cyprus) founded in 2012 by Davis Barons and Matiss Ansviesulis, and was acquired by Capitec Bank in March 2024. Consumer loans are offered through an online lending platform. AvaFin has raised $22.14 million across 1 funding round from investors including Capitec Bank and Middlemarch Partners. Its chief executive, as recorded, is Patrick Kock. AvaFin offers products and services including Consumer Loans and Debt Investments. Its focus areas include FinTech, Alternative Lending, Online Lenders and Consumer Loans. Its legal entity is AvaFin Holding LTD.
Company details
AvaFin was established in 2012 in Limassol, Cyprus. Operations are centered on an online platform for consumer lending within the fintech sector. Personal loan products, including short-term loans, credit lines, credit cards, installment loans, and underwriting services, are provided to users. The focus remains on facilitating access to various financing options in the personal finance domain.
- Headquarters Limassol, Cyprus
- Founders Davis Barons, Matiss Ansviesulis
- Stage Acquired
- SectorsFinancial Services
- Website avafin.com
- Social LinkedIn
- Acquired by Capitec Bank (Mar 2024)
- Legal Name Avafin Holding Ltd
- Total Equity Funding$22.14M (USD)
in 1 rounds
- Latest Funding Round$22.14M (USD), Series B
Jun 2016
- InvestorsCapitec Bank
& 1 more
- Acquired byCapitec Bank
(Mar 2024)
Products & Services of AvaFin
AvaFin offers a comprehensive portfolio of products and services, including Consumer Loans and Debt Investments.
Digital platform for providing convenient consumer loans to individuals.
Opportunities for investors in debt financing through the platform.
Funding Insights of AvaFin
AvaFin has successfully raised a total of $22.14M through 1 strategic funding round. The most recent funding activity was a Series B round of $22.14 million completed in June 2016. 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 $22.14M
- Total Rounds 1
- Last Round Series B — $22.14M
- First Round $22.14M
(Jun 2016)
- Investors Count 2
All 1 funding rounds of AvaFin with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2016 | $22.14M | Series B | – | Middlemarch Partners |
2 investors in total: 2 institutional.
Investors in AvaFin
AvaFin has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Capitec Bank and Middlemarch Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
| middlemarchllc.com | ||||
Retail banking services are provided across South Africa. | 2001 | capitecbank.co.za | Stellenbosch, South Africa |
Investor details for AvaFin
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of AvaFin
17 people are tracked at AvaFin (16 in leadership, 1 in team).
| Name | Role | Group |
|---|---|---|
Davis Barons | Co-Founder | Leadership |
Matiss Ansviesulis | Co-Founder | Leadership |
Patrick Kock | CEO | Leadership |
Jerzy Kachnowicz | Managing Director, Poland | Leadership |
Krystian Kamiński | Chief Marketing Officer | Leadership |
Kaspars Dzirneklis | Managing Director, Latvia | Leadership |
Ivars Stankevics | Chief Legal Officer | Leadership |
Artjoms Jefimovs | Chief Risk Officer | Leadership |
Peter Kaufmann | Chief Financial Officer | Leadership |
Amanda Ochoa Aguilar | Managing Director, Mexico | Leadership |
Sylwia Witoszyńska | Managing Director, Spain | Leadership |
Anna Mccullough | Chief People Officer | Leadership |
Ansis Sedlenieks | Chief Service Officer | Leadership |
Markus Florian | Chief Technology Officer | Leadership |
Patrick Koeck | CEO | Leadership |
Jan Mutl | Managing Director, Czechia | Leadership |
Pawel Golec | Scrum Master | Team |
Complete people profiles for AvaFin
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of AvaFin
3 dated milestones of AvaFin across 12 years, from founding to its latest funding, stage changes and deals.
- Founded AvaFin is founded.
- Funding First funding round of $22.1M.
- Exit Acquired by Capitec Bank.
Web traffic of AvaFin
Websites that share an audience with AvaFin (avafin.com).
Websites whose visitors overlap most with AvaFin. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| tradeking.com | 100% | View details | |||
schaeffersresearch.com | schaeffersresearch.com | 99% | #229,974 | – | |
thestockmarketwatch.com | thestockmarketwatch.com | 92% | #7,082,785 | – | |
| moneyshow.com | 69% | #388,045 | View details |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Avafin
Complete news archive for AvaFin
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about AvaFin
AvaFin was founded in 2012 and raised its 1st funding round 4 years after it was founded.
AvaFin is headquartered in Limassol, Cyprus.
Patrick Kock is the CEO of AvaFin, as recorded in our data.
AvaFin is a funded company, having raised a total of $22.14M across 1 funding round to date. The company's 1st funding round was a Series B of $22.14M, raised on Jun 2016.
AvaFin was established in 2012 in Limassol, Cyprus. Operations are centered on an online platform for consumer lending within the fintech sector. Personal loan products, including short-term loans, credit lines, credit cards, installment loans, and underwriting services, are provided to users. The focus remains on facilitating access to various financing options in the personal finance domain.
AvaFin offers Consumer Loans and Debt Investments.
AvaFin has 2 investors. Key investors include Capitec Bank, and Middlemarch Partners.
AvaFin operates through Avafin Holding Ltd.
Yes. AvaFin was acquired by Capitec Bank in March 2024.