AKD Securities Joins Avanza Solutions as Financial Advisor
As per agreement, AKD is going to facilitate Avanza Solutions in fundraising and capital structuring
Avanza Solutions has signed an agreement and mandated AKD Securities to advise and arrange for growth capital. Present at the signing ceremony were Mr. Mahmood Kapurwala, CEO of Avanza Solutions, along with COO Mr. Omer Khan, and Mr. Sajid Ahmed Director Corporate Services & Head of HR.
Meanwhile, from AKD securities FCA-CEO Mr. Muhammad Farid Alam, COO Mr. Naveed Vakil, Mr. Tanveer Khan & Mr. Naveed Anjum were present at the ceremony.
Avanza Solutions has signed a long-term, multipurpose agreement with AKD as per which the company is going to facilitate Avanza in fundraising and capital structuring.
AKD will also contribute to access financial growth, market expansion, and accelerating capital advancement.
“This collaboration with AKD Securities will increase our capital growth rate for meeting our global expansion plans and advancing IT exports”, Mahmood Kapurwala maintained.
While Muhammad Farid Alam was of the view that the company is excited to be working with Avanza Solutions and to be a part of Avanza’s growth plans which would bring new regions and markets into its fold while promoting Pakistan’s potential as a future technology investment destination.
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Avanza Group of Companies is a 20-year-old technology powerhouse that contributes to a range of industries, with its state-of-the-art products.
The products include advanced channel banking applications, customer experience management solutions, Blockchain, AI, and Smart City applications.
The company serves 350+ customers in more than 45 countries, with over 500+ deployments processing with 35 million transactions on 9000 terminals each day.
On the other hand, AKD Securities Ltd. is a leading securities firm and investment bank in Pakistan and is part of AKD Group Holdings (Pvt.) Limited having diversified interests in Real Estate, Financial Services and Oil & Gas.
By background, AKD Securities has over 10% market share in daily traded value at Pakistan Stock Exchange.
