About AverQ
AverQ is a Financial Services company based in San Jose (United States) founded in 2007 by Renuka Shankar. It provides an integrated app for governance, risk, and compliance in finance. It operates on a B2B model. Its chief executive, as recorded, is Renuka Shankar. Its Indian entity Averq Unify Private Limited reported revenue of ₹5.09 Cr. Its focus areas include Technology, Fintech, Risk Management and Governance Solutions. Similar companies include Palantir, BitGo and Alloy; 3 of its 3 listed similar companies have raised funding.
Company details
AverQ, founded in 2007 in San Jose, United States, focuses on leveraging cutting-edge technology, fintech, managing risk solutions, and offering governance solutions. Provides an integrated app for governance, risk, and compliance in finance. The company is dedicated to excellence, innovation, and customer satisfaction, ensuring sustainable practices and long-term success in its sectors.
- Headquarters San Jose, United States
- Founders Renuka Shankar
- SectorsFinancial Services
- Email••••••••
- Website averq.com
- Social LinkedIn
- Legal Name Averq Unify Private Limited
- Date of Incorporation 05 Sep, 2022
- Jurisdiction Bangalore, Karnataka, India
- Indian entity revenue₹5.09 Cr
FY 2024
- Indian entity net profit₹7.1 Lakh
FY 2024 · 1% margin
- Indian entity EBITDA₹11.8 Lakh
FY 2024 · 2% margin
Associated legal entities of AverQ
AverQ operates through Averq Unify Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Averq Unify Private Limited CIN U72900KA2022PTC165725 | Active | 05 Sep 2022 | Bangalore, Karnataka | ₹5.1 Cr | 5 | 2 | View details |
Board of directors of Averq Unify Private Limited (AverQ)
Averq Unify Private Limited is the primary company behind AverQ. The board of Averq Unify Private Limited currently have 2 directors; the longest-serving is Karthik Manoor Shenoy, appointed in 2022. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Karthik Manoor Shenoy DIN 09726991 | Director | 05 Sep 2022 | 4 yrs 1 mo | Averq Unify Private Limited |
| Chetan Arvind Jadhav DIN 06651989 | Director | 30 Sep 2024 | 2 yrs | Averq Unify Private Limited |
People of AverQ
6 people are tracked at AverQ (2 in leadership, 4 in team).
| Name | Role | Group |
|---|---|---|
Renuka Shankar | Founder, CEO | Leadership |
Janaki Akella | Director | Leadership |
Pitchai Mahalingam | Business Advisor | Team |
Vignesh Pai | Senior Deployment Manager | Team |
Vishnu Pai | Deployment Manager | Team |
Shreyabh Sanil | Deployment Analyst | Team |
Complete people profiles for AverQ
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
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Verified entity values are shown only after access is granted.
Financials of AverQ
Figures of Averq Unify Private Limited, the primary company behind AverQ, for FY 2024. Revenue was ₹5.09 Cr. Net profit was ₹7.1 Lakh (1% margin). EBITDA was ₹11.8 Lakh (2% margin).
- ₹5.09 CrRevenue · FY 2024
- ₹7.1 LakhNet profit · 1% margin
- ₹11.8 LakhEBITDA · 2% margin
- ₹1 LakhPaid-up capital
- 5Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Averq Unify Private Limited are on its company page.
Detailed financial statements for AverQ
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
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- Downloads
Verified entity values are shown only after access is granted.
Similar companies to AverQ
AverQ has 3 listed similar companies in our database, 3 of them funded. They include Palantir, BitGo and Alloy.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| palantir.com | 2003 | Denver, United States | $2.46B | 3,936 | Platform that provides data analysis and management solutions | |
| bitgo.com | 2013 | Palo Alto, United States | $170.5M | 166 | Crypto-based custody, trading, and lending services are provided to institutions. | |
| alloy.com | 2015 | New York, United States | $211.37M | 216 | Identity decisioning platform is provided for banks and fintech firms. |
Detailed similar companies of AverQ
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Top companies in Regulatory & Compliance Tech
3 companies that operate in the same segment as AverQ (Regulatory & Compliance Tech) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
CLEAR is focused on secure identity verification for seamless experiences. | 2010 | New York, New York, United States | USD 135 M | USD 900.78 M | 4,019 | |
AI-based fraud prevention for e-commerce payments is provided. | 2013 | New York, New York, United States | USD 232.02 M | USD 346.08 M | 724 | |
Compliance management solutions for financial institutions | 2014 | New York, New York, United States | USD 461 M | 815 |
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Frequently Asked Questions about AverQ
AverQ was founded in 2007.
AverQ is headquartered in San Jose, United States. It is registered at San Jose, California, United States.
Renuka Shankar is the CEO of AverQ, as recorded in our data. They have also founded this company.
The primary company behind AverQ, Averq Unify Private Limited, reported revenue of ₹5.09 Cr for FY 2024.
AverQ, founded in 2007 in San Jose, United States, focuses on leveraging cutting-edge technology, fintech, managing risk solutions, and offering governance solutions. Provides an integrated app for governance, risk, and compliance in finance. The company is dedicated to excellence, innovation, and customer satisfaction, ensuring sustainable practices and long-term success in its sectors.
AverQ operates through Averq Unify Private Limited.
The legal entities of AverQ currently have 2 directors, including Chetan Arvind Jadhav, Karthik Manoor Shenoy.