About AvaFin
AvaFin is a company based in Limassol (Cyprus) founded in 2012 by Davis Barons and Matiss Ansviesulis was acquired by Capitec Bank in March 2024.. AvaFin has raised $22.14 million across 1 funding round from investors including Capitec Bank and Middlemarch Partners. AvaFin offers products and services including Consumer Loans and Debt Investments.
- Headquarter Limassol, Cyprus
- Founders Davis Barons, Matiss Ansviesulis
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Avafin Holding Ltd
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$22.14 M (USD)
in 1 rounds
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Latest Funding Round
$22.14 M (USD), Series B
Jun 01, 2016
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Investors
Capitec Bank
& 1 more
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Employee Count
Employee Count
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Acquired by
Capitec Bank
(Mar 12, 2024)
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Products & Services of AvaFin
AvaFin offers a comprehensive portfolio of products and services, including Consumer Loans and Debt Investments. 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 providing convenient consumer loans to individuals.
Opportunities for investors in debt financing through the platform.
Unlock access to complete
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 Total Funding
- Total Rounds 1
- Last Round Series B — $22.1M
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First Round
First Round
(01 Jun 2016)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2016 | Amount | Series B - AvaFin | Valuation | Middlemarch Partners |
| 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 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. 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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Founded Year | Domain | Location | |
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Retail banking services are provided across South Africa.
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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 AvaFin
| 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 - AvaFin
| 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 |
Avafin Comparisons
Competitors of AvaFin
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Avafin
Frequently Asked Questions about AvaFin
When was AvaFin founded?
AvaFin was founded in 2012 and raised its 1st funding round 4 years after it was founded.
Where is AvaFin located?
AvaFin is headquartered in Limassol, Cyprus.
Who is the current CEO of AvaFin?
Patrick Kock is the current CEO of AvaFin.
Is AvaFin a funded company?
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 01, 2016.
What does AvaFin do?
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.
What products or services does AvaFin offer?
AvaFin offers Consumer Loans and Debt Investments.
Who are AvaFin's investors?
AvaFin has 2 investors. Key investors include Capitec Bank, and Middlemarch Partners.