About Avoka
Avoka is a company based in Sydney (Australia) founded in 2005 by Philip Copeland was acquired by Temenos in December 2018. It operates as a SaaS, and B2B. Avoka has raised $12 million across 2 funding rounds from investors including Temenos and Moelis Australia. Avoka offers products and services including Temenos Digital and Temenos SaaS. Avoka operates in a competitive market with competitors including LeadSquared, Zafin, PureFacts, Shift Technology and Glia, among others.
- Headquarter Sydney, Australia
- Founders Philip Copeland
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Sectors
Financial Services
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Phone
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Website
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Social
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- Legal Name Temenos Headquarters Sa
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Products & Services of Avoka
Avoka offers a comprehensive portfolio of products and services, including Temenos Digital and Temenos SaaS. 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.
Platform for front and middle office banking capabilities
Cloud-based solutions for core banking and AI integration
Funding Insights of Avoka
Avoka has successfully raised a total of $12M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $12 million completed in December 2017. 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 2
- Last Round Series A — $12.0M
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2017 | Amount | Series A - Avoka | Valuation |
investors |
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| Sep, 2013 | Amount | Seed - Avoka | Valuation |
investors |
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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 Avoka
Avoka has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Temenos and Moelis Australia. 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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Corporate advisory services are provided in Australia.
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Founded Year | Domain | Location | |
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Developer of AI and cloud-based banking software suite
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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 Avoka
| 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 - Avoka
| 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 |
Avoka Comparisons
Competitors of Avoka
Avoka 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 LeadSquared, Zafin, PureFacts, Shift Technology and Glia, 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 |
AI-driven CRM and marketing automation platform is provided by LeadSquared.
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| domain | founded_year | HQ Location |
Software solutions for relationship banking in financial services are delivered.
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| domain | founded_year | HQ Location |
CRM solutions for wealth managers
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| domain | founded_year | HQ Location |
Provider of AI solutions for insurance underwriting, claims, and risk
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| domain | founded_year | HQ Location |
Cloud-based omnichannel platform is provided for financial customer service.
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| domain | founded_year | HQ Location |
Reputation management software is provided for solar industry sales.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Avoka
Frequently Asked Questions about Avoka
When was Avoka founded?
Avoka was founded in 2005 and raised its 1st funding round 8 years after it was founded.
Where is Avoka located?
Avoka is headquartered in Sydney, Australia. It is registered at Sydney, New South Wales, Australia.
Is Avoka a funded company?
Avoka is a funded company, having raised a total of $12M across 2 funding rounds to date.
What does Avoka do?
Temenos is a global provider of banking technology solutions, including SaaS and AI-driven platforms, that enable financial institutions to enhance digital experiences for retail, corporate, and wealth management clients. They focus on core banking, payments, and innovation through partnerships, with operations in 38 countries across various regions, helping banks improve efficiency and customer engagement.
Who are the top competitors of Avoka?
Avoka's top competitors include LeadSquared, Glia and Shift Technology.
What products or services does Avoka offer?
Avoka offers Temenos Digital and Temenos SaaS.
Who are Avoka's investors?
Avoka has 2 investors. Key investors include Temenos, and Moelis Australia.
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