About Avanze
Avanze is a Financial Services company based in Orlando (United States) founded in 2015. It offers AI-based loan lifecycle management for the mortgage industry. It operates on a B2B model. The company has 907 employees. Avanze has completed 1 acquisition, including Fugo Services. Its Indian entity Avanze Technologies India Private Limited reported revenue of ₹59.31 Cr. Its focus areas include Fintech, Mortgage and Loan Management. Its competitors include FirstClose, Black Knight and Stavvy; 2 of its 3 listed competitors have raised funding.
Company details
Avanze offers ai-based loan lifecycle management for the mortgage industry, focusing on offering financial products and advice, fintech, mortgage, and loan management. It serves clients with dedicated solutions, emphasizing quality, innovation, and sustainable growth in its core markets. It continues to evolve, meeting industry challenges with strategic approaches.
- Headquarters Orlando, United States
- Employees 907
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website avanzegroup.com
- Social LinkedIn X Facebook
- Legal Name Avanze Technologies India Private Limited
- Date of Incorporation 28 Apr, 2015
- Jurisdiction Bangalore, Karnataka, India
- Indian entity revenue₹59.31 Cr
FY 2023 · -8% YoY
- Indian entity net profit₹4.97 Cr
FY 2023 · 8% margin
- Indian entity EBITDA₹8.57 Cr
FY 2023 · 14% margin
- Employee Count907
- Investments & Acquisitions
Associated legal entities of Avanze
Avanze operates through Avanze Technologies India Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Avanze Technologies India Private Limited CIN U72200KA2015PTC079984 | Active | 28 Apr 2015 | Bangalore, Karnataka | ₹59.3 Cr | 907 | 2 | View details |
Board of directors of Avanze Technologies India Private Limited (Avanze)
Avanze Technologies India Private Limited is the primary company behind Avanze. The board of Avanze Technologies India Private Limited currently have 2 directors; the longest-serving is Pradeep Kumar Venkateshappa, appointed in 2015.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Pradeep Kumar Venkateshappa DIN 06516381 | Director | 28 Apr 2015 | 11 yrs 6 mo | Avanze Technologies India Private Limited |
| Kainikat Joseph Vinod DIN 06570427 | Director | 28 Apr 2015 | 11 yrs 6 mo | Avanze Technologies India Private Limited |
People of Avanze
32 people are tracked at Avanze (15 in leadership, 17 in team); the tracked headcount is 907.
| Name | Role | Group |
|---|---|---|
| Founder & CEO | Leadership | |
| Co-founder & COO | Leadership | |
Ramu Radhakrishnan | Chief Product Officer | Leadership |
Sameer Paddalwar | Chief Financial Officer | Leadership |
Victor Lee | SVP & Head, Sales & Marketing | Leadership |
Sathish L | Vice President Operations | Leadership |
Amy Kauffman | Director, Marketing | Leadership |
Mikel Martin | Executive Vice President, Enterprise Sales | Leadership |
Miriam Shaju | Director, Human Resources | Leadership |
Zia Ullah | Associate Director Of Operations | Leadership |
Mohit Jain | Vice President Finance | Leadership |
Kannan S | Vice President Operations At Avanze | Leadership |
Niranjan Mp | Director Of Operations | Leadership |
Dinesh V. | President | Leadership |
Mohammed Rafi | Head of Support Services | Leadership |
Santhosh M | Manager HR | Team |
Vishwanath Krishnamurthy | SVP, Global Operations | Team |
Abrar Pasha | Assistant Manager | Team |
Rakesh Upadhyay | Senior Operations Manager | Team |
Ramesh Duraisamy | Lead Business Analyst | Team |
12 more people are available in the full profile.
Complete people profiles for Avanze
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Financials of Avanze
Figures of Avanze Technologies India Private Limited, the primary company behind Avanze, for FY 2023. Revenue was ₹59.31 Cr (-8% year on year). Net profit was ₹4.97 Cr (8% margin). EBITDA was ₹8.57 Cr (14% margin). Revenue has grown at a compounded annual rate of +106% over three years and +73% over five years.
- ₹59.31 CrRevenue · FY 2023 · -8% YoY
- ₹4.97 CrNet profit · 8% margin
- ₹8.57 CrEBITDA · 14% margin
- ₹9.1 LakhPaid-up capital
- 907Employees (provident fund records)
- +106%Revenue CAGR, 3 years
- +73%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Avanze Technologies India Private Limited are on its company page.
Detailed financial statements for Avanze
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Investments & Acquisitions by Avanze
Avanze has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Fugo Services.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Provider of title & settlement support solution services for banking and financial institution | fugoservices.com | Irving, United States | 2011 | Jun 2022 | •••• |
Complete acquisition details for Avanze
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Timeline of Avanze
2 dated milestones of Avanze across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Avanze is founded.
- Acquisition Acquires Fugo Services.
Competitors of Avanze
Avanze has 3 listed competitors in our database, 2 of them funded. They include FirstClose, Black Knight and Stavvy.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| firstclose.com | 2000 | Austin, United States | $39.7M | 47 | Mortgage settlement solutions and home equity tools are provided. | |
| blackknightinc.com | 1962 | Jacksonville, United States | Provider of an AI-based cloud platform offering loan life cycle management solutions to lenders | |||
| stavvy.com | 2017 | Boston, United States | $41.5M | 15 | Digital platform for real estate transactions is provided. |
Detailed competitors of Avanze
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Web traffic of Avanze
The website of Avanze (avanzegroup.com) receives about 1.3K visits a month.
- Monthly visits1.3K
▼ 23.9% vs previous month
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Related news about Avanze
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Frequently Asked Questions about Avanze
Avanze was founded in 2015.
Avanze is headquartered in Orlando, United States. It is registered at Orlando, Florida, United States.
Avanze has 907 employees.
The primary company behind Avanze, Avanze Technologies India Private Limited, reported revenue of ₹59.31 Cr for FY 2023, down 8% year on year.
Avanze offers ai-based loan lifecycle management for the mortgage industry, focusing on offering financial products and advice, fintech, mortgage, and loan management. It serves clients with dedicated solutions, emphasizing quality, innovation, and sustainable growth in its core markets. It continues to evolve, meeting industry challenges with strategic approaches.
Avanze's top competitors include Stavvy, FirstClose and Black Knight.
Avanze has made 1 acquisition, including Fugo Services.
Avanze operates through Avanze Technologies India Private Limited.
The legal entities of Avanze currently have 2 directors, including Pradeep Kumar Venkateshappa, Kainikat Joseph Vinod.