About Avoka
Avoka is a Financial Services company based in Sydney (Australia) founded in 2005 by Philip Copeland, and was acquired by Temenos in December 2018. Temenos offers banking software platforms for retail, corporate, and wealth management. It operates on a SaaS and B2B model. Avoka has raised $12 million across 1 funding round from investors including Temenos and Moelis Australia. Avoka offers products and services including Temenos Digital and Temenos SaaS. Its focus areas include FinTech, Banking Software, Core Banking and Digital Platforms. Its legal entity is Temenos Headquarters SA.
Company details
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.
Products & Services of Avoka
Avoka offers a comprehensive portfolio of products and services, including Temenos Digital and Temenos SaaS.
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 through 1 strategic funding round. 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 $12M
- Total Rounds 1
- Last Round Series A — $12M
- First Round $12M
(Dec 2017)
- Investors Count 1
All 2 funding rounds of Avoka with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2017 | $12M | Series A | – | – | |
| Sep 2013 | Seed | – | – | – |
2 investors in total: 2 institutional.
Investors in Avoka
Avoka has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Temenos and Moelis Australia.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Corporate advisory services are provided in Australia. | 2009 | moelisaustralia.com | Sydney, Australia | |
Developer of AI and cloud-based banking software suite | 1993 | temenos.com | Geneva, Switzerland |
Investor details for Avoka
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Avoka
1 people are tracked at Avoka (1 in leadership).
| Name | Role | Group |
|---|---|---|
Philip Copeland | ex-Co-Founder | Leadership |
Complete people profiles for Avoka
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of Avoka
3 dated milestones of Avoka across 13 years, from founding to its latest funding, stage changes and deals.
- Founded Avoka is founded.
- Funding First funding round of $12.0M.
- Exit Acquired by Temenos.
Web traffic of Avoka
Websites that share an audience with Avoka (avoka.com).
Websites whose visitors overlap most with Avoka. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| fastfieldforms.com | 76% | 90.2K | #305,398 | View details |
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Related news about Avoka
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Frequently Asked Questions about Avoka
Avoka was founded in 2005 and raised its 1st funding round 12 years after it was founded.
Avoka is headquartered in Sydney, Australia. It is registered at Sydney, New South Wales, Australia.
Avoka is a funded company, having raised a total of $12M across 1 funding round to date.
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.
Avoka offers Temenos Digital and Temenos SaaS.
Avoka has 2 investors. Key investors include Temenos, and Moelis Australia.
Avoka operates through Temenos Headquarters Sa.
Yes. Avoka was acquired by Temenos in December 2018.