Avvanz Company Profile

Background

Overview

Avvanz is a multi-award-winning HRTech and FinTech company specializing in background checks, company due diligence, and employee training solutions. Established in 2016 and headquartered in Singapore, Avvanz has expanded its global presence with offices in the United States, the United Kingdom, the Philippines, Australia, and India. The company serves over 6,000 clients worldwide, offering comprehensive services to mitigate people-related risks and enhance workforce capabilities.

Mission and Vision

Avvanz's mission is to assist organizations in acquiring, onboarding, and developing the right talent to achieve sustainable growth. The company's vision is to be the number one choice for organizations seeking to hire "right" and "safe" global talents, empowering them to achieve growth leaps.

Industry Significance

Operating in the HRTech and FinTech sectors, Avvanz addresses critical challenges in talent acquisition, risk management, and employee development. By providing integrated solutions, the company plays a pivotal role in enhancing organizational efficiency and compliance across various industries.

Key Strategic Focus

Core Objectives

• Talent Acquisition: Implement comprehensive background screening to ensure the integrity and suitability of potential hires.

• Onboarding: Develop effective onboarding programs to integrate new employees swiftly and productively.

• Employee Development: Offer training solutions that equip employees with the skills and competencies required to excel in the digital economy.

Areas of Specialization

• Background Screening: Conduct thorough checks to verify the authenticity of candidate information, including employment history, educational qualifications, and criminal records.

• Company Due Diligence: Perform comprehensive assessments of business partners to ensure compliance and mitigate potential risks.

• Training Solutions: Provide customized training programs, including instructor-led sessions, digital learning with gamification, and blended training approaches.

Key Technologies Utilized

• ScreenGlobal Platform: A proprietary platform offering over 20 types of checks across 150+ countries, integrating blockchain technology for secure and efficient background screening.

• Digital Training Tools: Utilize gamification, virtual reality (VR), augmented reality (AR), and mobile learning to deliver engaging and effective training experiences.

Primary Markets Targeted

Avvanz serves a diverse range of industries, including banking, financial services, insurance, technology, education, business process outsourcing, manufacturing, retail, healthcare, and oil & gas. The company's solutions are tailored to meet the specific needs and compliance requirements of each sector.

Financials and Funding

Funding History

Specific details regarding Avvanz's total funds raised and recent funding rounds are not publicly disclosed. The company operates as a privately held entity, focusing on organic growth and strategic partnerships to expand its global footprint.

Notable Investors

Information about individual investors or venture capital firms backing Avvanz is not publicly available.

Utilization of Capital

Avvanz allocates its resources towards enhancing technological capabilities, expanding service offerings, and entering new markets to strengthen its position in the HRTech and FinTech sectors.

Pipeline Development

Key Pipeline Candidates

Avvanz continually develops and refines its service offerings, focusing on:

• ScreenGlobal Platform Enhancements: Integrating advanced technologies to improve the efficiency and security of background screening processes.

• Training Program Expansion: Developing new training modules that address emerging skills required in the digital economy.

Stages of Development

These initiatives are in various stages of development, with ongoing efforts to pilot and implement new features and programs.

Target Conditions

The developments aim to address challenges in talent acquisition, risk management, and employee development across multiple industries.

Anticipated Milestones

Avvanz plans to roll out enhanced versions of its platforms and training programs in the coming quarters, with specific timelines to be announced upon completion of internal testing and client feedback.

Technological Platform and Innovation

Proprietary Technologies

• ScreenGlobal Platform: A comprehensive background screening solution that offers a wide range of checks across multiple countries, integrating blockchain technology for secure data management.

Significant Scientific Methods

• Gamification in Training: Incorporating game-design elements into training programs to increase engagement and retention.

• VR and AR Training Modules: Utilizing virtual and augmented reality to create immersive learning experiences.

• Mobile Learning Solutions: Developing mobile-friendly training content to facilitate learning on-the-go.

Leadership Team

Executive Profiles

• Kannan Chettiar – CEO and Co-Founder: An award-winning technopreneur with over 27 years of experience in technology and professional services across Asia, EMEA, and the Americas. Kannan has held leadership positions in companies such as First Advantage, Dell Computers, and Arrow Electronics. He is also a certified international trainer and an accredited Strength Scope Practitioner.

• Alvin Caga – Co-Founder: With more than 13 years of entrepreneurial experience, Alvin has focused on business development, sales, marketing, and operations. He co-founded Vanguard Screening Solutions and has a background in customer service with multinational companies in business process outsourcing, IT services, and supply chain management.

• Jan Espino – Co-Founder: Jan has over 10 years of experience in the background screening industry, including leadership roles at First Advantage Asia-Pacific and the San Miguel Group. He co-founded Vanguard Screening Solutions, which grew to become one of the largest background screening companies in the Philippines.

• Siang Tan – Managing Director for Asia: Siang has a background in FMCG with Fraser & Neave and Unilever, and in IT sales leadership at Jebsen & Jessen and Dimension Data. He has also been involved in entrepreneurship and cross-border payments partnerships. Siang holds a Bachelor of Commerce degree from Curtin University in Australia.

• Marcellus Solomon – Chief Operating Officer & India Revenue Leader: With over a decade of experience in leadership roles, Marcellus has a proven track record in driving strategic growth and delivering exceptional customer outcomes. He has held positions at HireRight, First Advantage, Quest Diagnostics, Kelly Services, and ManpowerGroup. Marcellus holds a Bachelor’s degree in Accounting and Finance from Osmania University and has completed an Executive program in General Management from the Indian Institute of Management, Bangalore.

• Christy Lim – Head of Finance and Strategy Execution: A finance professional with 15 years of experience in analysis, financial management reporting, and control. Christy holds an MBA in Corporate Finance from Nottingham Trent University, UK, and a BBA (Distinction) in Finance & Real Estate from the University of Oklahoma, USA.

Competitor Profile

Market Insights and Dynamics

The HRTech and FinTech sectors are experiencing rapid growth, driven by the increasing need for efficient talent management and compliance solutions. Companies are seeking integrated platforms that offer comprehensive services to streamline processes and mitigate risks.

Competitor Analysis

• Pro Software: Provides human resources outsourcing (HRO) cloud-based software designed for the professional employer organization (PEO) industry.

• Coupa Software: Develops a cloud-based business spend management (BSM) platform.

• CYDAS: Offers an HR and talent management platform to empower all employees.

• Worksuite: Develops a platform for managing and engaging freelancers.

Strategic Collaborations and Partnerships

Avvanz has established partnerships to enhance its service offerings:

• GrabJobs Partnership: Collaborated to provide seamless hiring and talent management solutions, integrating background screening with recruitment processes.

Operational Insights

Avvanz differentiates itself through its comprehensive service suite, integrating background screening, onboarding, and development solutions. The company's global presence and technological innovations position it as a competitive player in the HRTech and FinTech sectors.

Strategic Opportunities and Future Directions

Avvanz aims to expand its global footprint, enhance technological capabilities, and develop new service offerings to address emerging challenges in talent management and compliance. The company's focus on innovation and client-centric solutions positions it well for future growth and industry leadership.