Avoka Technologies Pty Ltd, the global leader in digital customer acquisition software for financial services, completed an approximately USD$12m equity funding round.
Backers included existing institutional and professional investors in Australia.
The company intends to use the funds for growth plans now underway in Australia, North America and Europe, with a focus on investment and hiring to support current and projected customers.
Founded in 2002 by Phil Copeland, CEO, Avoka accelerates customer-centric digital transformation in financial services and government. Its Avoka Transact platform enables banks to create omni-channel customer experience and reduce their time-to-market across a range of areas from retail credit card applications to more complex commercial bank on-boarding.
The company, which has digitised over 100 million transactions for 150+ global clients including five of the top 10 banks in Australia, four of Europe’s 10 leading banks and eight of the top 50 banks in the United States, is based in Denver, London, and Sydney. It currently has 220 employees.