Wealth Management /
Europe
Avaloq earns record half-year revenue in 2019, up five percent from last year
Fintech and SaaS provider reports half-year revenue of US$291.9 million and EBITDA of US$38.51 million on sustained demand and complex projects
The Asset
4 Sep 2019
Avaloq, a fintech and international provider of software as a service ( SaaS ), business process as a service ( BPaaS ), and on-premise solutions to banks and wealth managers, recently reported a record half-year revenue of 288 million Swiss francs ( US$291.9 million ) for 2019, an increase of 5 percent year-on-year. Adjusted EBITDA was 38 million Swiss francs for the period.
