About Avaloq
Avaloq is a company based in Zurich (Switzerland) founded in 1985 was acquired by NEC in October 2020.. Avaloq has raised $301.11 million across 3 funding rounds from investors including NEC, Raiffeisen Schweiz and BlackRock. Avaloq has completed 1 acquisition, including Derivative Partners. Avaloq operates in a competitive market with competitors including PayPal, Zscaler, Chainalysis, Addepar and Synchrony, among others.
- Headquarter Zurich, Switzerland
- Stage Soonicorn
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Avaloq India Private Limited
- Date of Incorporation 25 Oct, 2019
- Jurisdiction Pune, Maharashtra, India
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Annual Revenue
$3.63 M (USD)108.32as on Mar 31, 2023
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Net Profit
$263.54 K (USD)107.13as on Mar 31, 2023
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EBITDA
$613.43 K (USD)136.31as on Mar 31, 2023
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Total Equity Funding
$301.11 M (USD)
in 3 rounds
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Latest Funding Round
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Investors
NEC
& 3 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Acquired by
NEC
(Oct 05, 2020)
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Software Development Team
137 people
Head Team
37 people
Product Management Team
27 people
Senior Team
22 people
Leadership Team
19 people
Human Resources and Administration
19 people
Business Team
18 people
Finance and Accounting
13 people
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Funding Insights of Avaloq
Avaloq has successfully raised a total of $301.11M across 3 strategic funding rounds. 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 3
- Last Round Last Round
- First Round First Round
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2023 | Amount | Private Equity Round - Avaloq | Valuation | BlackRock |
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| Jun, 2017 | Amount | Private Equity Round - Avaloq | Valuation | Warburg Pincus |
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| Jun, 2015 | Amount | Private Equity Round - Avaloq | Valuation | Raiffeisen Schweiz |
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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 Avaloq
Avaloq has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include NEC, Raiffeisen Schweiz and BlackRock. 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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Multi-stage private equity investments are pursued across diverse sectors.
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Founded Year | Domain | Location | |
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Diversified investment management firm and private fund focused on debt, equity, and secondary market investments in multiple sectors
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Founded Year | Domain | Location | |
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Cooperative banking services are offered across Switzerland by this entity.
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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 Avaloq
Avaloq has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Derivative Partners. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Provider of financial services for investment industries
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2000 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Avaloq
| 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 |
Avaloq Comparisons
Competitors of Avaloq
Avaloq 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 PayPal, Zscaler, Chainalysis, Addepar and Synchrony, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online payment solutions are offered to consumers and businesses.
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| domain | founded_year | HQ Location |
Cybersecurity and zero trust solutions are delivered for secure networks.
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| domain | founded_year | HQ Location |
Blockchain data platform insights for cryptocurrency are delivered.
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| domain | founded_year | HQ Location |
Wealth management solutions are delivered for investment advisors.
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| domain | founded_year | HQ Location |
Synchrony is engaged in providing credit cards and banking services.
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| domain | founded_year | HQ Location |
Portfolio management software for financial advisors
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| 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 Avaloq
Frequently Asked Questions about Avaloq
When was Avaloq founded?
Avaloq was founded in 1985 and raised its 1st funding round 30 years after it was founded.
Where is Avaloq located?
Avaloq is headquartered in Zurich, Switzerland.
Who is the current CEO of Avaloq?
Martin Greweldinger is the current CEO of Avaloq.
Is Avaloq a funded company?
Avaloq is a funded company, having raised a total of $301.11M across 3 funding rounds to date.
What is the annual revenue of Avaloq?
Annual revenue of Avaloq is $3.63M as on Mar 31, 2023.
What does Avaloq do?
Avaloq was established in 1985 in Zurich, Switzerland, within the financial technology sector. Cloud-based platforms are offered to support core banking automation, portfolio monitoring, regulatory compliance, and investment analysis for institutions. Services also include conversational banking interfaces, omnichannel customer interactions, payment processing, securities trading, AI-generated investment recommendations, and integrations with wealth management systems. An ecosystem is maintained for incorporating third-party products and providers.
Who are the top competitors of Avaloq?
How many acquisitions has Avaloq made?
Avaloq has made 1 acquisition, including Derivative Partners.
Who are Avaloq's investors?
Avaloq has 4 investors. Key investors include NEC, Raiffeisen Schweiz, BlackRock, and Warburg Pincus.
What is Avaloq's valuation?
The valuation of Avaloq is $991M as of Jun 2017.
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