Swiss company buys Australian-founded fintech vendor with KWM’s help

King & Wood Mallesons (KWM) has continued its work in Australia for a Swiss client with a US$245m deal.

The global giant advised listed banking software company Temenos AG on its acquisition of Australian-founded Avoka. Headquartered in the US, Avoka provides a digital customer acquisition and on-boarding platform. It will be integrated into Temenos’ Digital Front Office product.

The deal will be funded by cash and debt, KWM said.

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Source: Swiss company buys Australian-founded fintech vendor with KWM’s help