Sydney based financial services customer acquisition software provider Avoka has raised a $12m funding round from existing investors.
Funds raised will be used to support growth plans now underway in Australia, North America and Europe, with a focus on investment and hiring to support current and projected customers. Avoka, which currently has 220 employees, is undertaking a global expansion program and plans to increase staff numbers by 50% by the end of the current financial year. Avoka’s customers include 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. In August, Avoka announced record annual growth with orders increasing 79% during the year ended June 30. The company was recently named on the Deloitte Technology Fast 50 list in recognition of its 176% revenue growth over the past three years.