Avafin Overview

  • Year Founded
  • 2012

Year Founded

  • Status
  • Acquired/​Merged

  • Employees
  • 405

Employees

  • Latest Deal Type
  • M&A

  • Latest Deal Amount
  • $28.5M

Avafin General Information

Description

Operator of an online consumer finance platform intended to offer financial products to customers. The company's platform utilizes sophisticated customer scoring models and machine-learning algorithms to ensure an automated underwriting process and to secure excellent loan performance, enabling consumers with convenient loan products with minimal time to cash.

Contact Information

Website
www.avafin.com
Formerly Known As
Creamfinance
Ownership Status
Acquired/Merged
(Operating Subsidiary)
Financing Status
Formerly VC-backed
Corporate Office
  • 40 Kimonos Street
  • Limassol, 3095
  • Cyprus
Primary Industry
Consumer Finance
Other Industries
Financial Software
Other Financial Services
Parent Company
Capitec Bank
Vertical(s)
Big Data, Artificial Intelligence & Machine Learning, FinTech
Corporate Office
  • 40 Kimonos Street
  • Limassol, 3095
  • Cyprus

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Avafin Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
5. Merger/Acquisition 11-Nov-2024 $28.5M Completed Generating Revenue
4. Later Stage VC (Series B) 27-Mar-2017 Completed Generating Revenue
3. Early Stage VC (Series A) 14-Mar-2016 Completed Generating Revenue
2. Early Stage VC 28-Nov-2014 $4.62M $4.84M Completed Startup
1. Angel (individual) $221K $221K Completed Startup
To view Avafin’s complete valuation and funding history, request access »

Avafin Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Operator of an online consumer finance platform intended to offer financial products to customers. The company's platfor
Consumer Finance
Limassol, Cyprus
405 As of 2024

Barcelona, Spain
 

Guadalajara, Mexico
 
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Avafin Competitors (35)

One of Avafin’s 35 competitors is ID Finance, a Venture Capital-Backed company based in Barcelona, Spain.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
ID Finance Venture Capital-Backed Barcelona, Spain
Kueski Venture Capital-Backed Guadalajara, Mexico
Fundation Formerly PE-Backed Reston, VA
Spotcap Formerly VC-backed Berlin, Germany
Traxpay Venture Capital-Backed Frankfurt, Germany
You’re viewing 5 of 35 competitors. Get the full list »

Avafin Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

Similarweb Unique Visitors

Majestic Referring Domains

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Avafin Former Investors (1)

Investor Name Investor Type Holding Investor Since Participating Rounds
Flint Capital Venture Capital Minority
To view Avafin’s complete investors history, request access »

Avafin Acquisitions (1)

Avafin’s most recent deal was a Merger/Acquisition with Moneyveo México. The deal was made on 05-Apr-2017.

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
Moneyveo México 05-Apr-2017 Merger/Acquisition Consumer Finance
To view Avafin’s complete acquisitions history, request access »

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Avafin Affiliates

Subsidiaries (1)

Name Industry Location Year Founded
LadyLoan Riga, Latvia 2010

Avafin FAQs

  • When was Avafin founded?

    Avafin was founded in 2012.

  • Where is Avafin headquartered?

    Avafin is headquartered in Limassol, Cyprus.

  • What is the size of Avafin?

    Avafin has 405 total employees.

  • What industry is Avafin in?

    Avafin’s primary industry is Consumer Finance.

  • Is Avafin a private or public company?

    Avafin is a Private company.

  • What is the current valuation of Avafin?

    The current valuation of Avafin is .

  • What is Avafin’s current revenue?

    The current revenue for Avafin is .

  • How much funding has Avafin raised over time?

    Avafin has raised $32.8M.

  • Who are Avafin’s investors?

    Flint Capital has invested in Avafin.

  • Who are Avafin’s competitors?

    ID Finance, Kueski, Fundation, Spotcap, and Traxpay are some of the 35 competitors of Avafin.

  • When was Avafin acquired?

    Avafin was acquired on 11-Nov-2024.

  • Who acquired Avafin?

    Avafin was acquired by Capitec Bank.

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