ADVA
Founded Year
2020Stage
Seed VC | AliveMissing: ADVA's Product Demo & Case Studies
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Expert Collections containing ADVA
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
ADVA is included in 2 Expert Collections, including Digital Lending.
Digital Lending
1,885 items
This collection contains companies that provide alternative means for obtaining a loan for personal or business use and companies that provide software to lenders for the application, underwriting, funding or loan collection process.
Fintech
3,608 items
Excludes US-based companies
Latest ADVA News
Apr 11, 2023
04/11/2023 | 12:45am EDT Message : *Required fields HUNTSVILLE (dpa-AFX) - U.S. telecom equipment maker Adtran significantly missed its own targets and analysts' expectations for both revenue and profit in the first quarter. In the first three months, preliminary figures put revenue at between $322 million and $326 million, the MDax-listed parent of German telecom equipment maker Adva announced Tuesday in Huntsville. Adtran had projected revenue of between $355 million and $375 million. The average forecast of analysts had been $364 million, according to the company. The company did not give reasons for the significant variance. The operating result in the first quarter was even more disappointing. Here, the Group surprisingly wrote operating figures in the red. The margin, measured by earnings adjusted for special effects, was between minus 2.5 percent and minus 1.0 percent. Converted, this results in an operating loss of up to around eight million dollars. Equity analysts had previously expected a margin of just under six percent or, converted, an operating profit of slightly more than 20 million dollars. Adtran itself had previously expected an operating margin of 5.0 percent to 6.5 percent. The US company will present detailed figures on May 9. Including all special effects, the operating loss had been between 45 million and 55 million dollars. The company did not provide details of the results for the same period last year. The first-quarter results published last year had not yet included Adva's earnings, as the U.S. group only completed the acquisition of its German competitor in July last year. Adtran was therefore initially listed on the SDax. In September, the company was promoted to the MDax. The U.S. group holds around two-thirds of Adva shares, which in turn have been included in the SDax again since December./zb © dpa-AFX 2023
ADVA Frequently Asked Questions (FAQ)
When was ADVA founded?
ADVA was founded in 2020.
Where is ADVA's headquarters?
ADVA's headquarters is located at Street 218, Building 3, Degla Maadi Cairo, Cairo.
What is ADVA's latest funding round?
ADVA's latest funding round is Seed VC.
Who are the investors of ADVA?
Investors of ADVA include Sawari Ventures.
Who are ADVA's competitors?
Competitors of ADVA include Yotepresto and 5 more.
Compare ADVA to Competitors
Baubap offers a mobile microloan platform to obtain loans. It provides a consumer micro-lending application that offers instant loans without documents. The company was founded in 2018 and is based in Mexico City, Mexico.
Fin offers a digital platform that specializes in credit granting and fraud prevention. It offers personal credit through an online portal, personal loans, insurance products, and employee benefit solutions. The company's products include SmartAdvance, NiftyCredit, NiftyCover, and MediFin. It was formerly known as Finclusion Group and changed its name to Fin in December 2022. Fin was founded in 2019 and is based in Cybercity, Mauritius.
Tala provides digital financial services through the mobile application. It gathers discrete data points of customers to build a financial identity and deliver instant credit. It was formerly known as InVenture. It was founded in 2011 and is based in Santa Monica, California.
Prodigy Finance is a globally-accessible platform that provides funding to international postgraduate students attending top-ranked business schools, while also delivering competitive financial returns to institutional and private investors including alumni. Prodigy Finance's platform enables future leaders from around the world to overcome funding constraints and achieve their potential, delivering this broad social benefit alongside financial returns for investors.
ZestMoney operates as a digital lending platform. It enables people to pay using digitally equated monthly installments (EMIs), without the need for a credit card or a credit score and provides credit information, financial counseling, and more. ZestMoney was founded in 2015 and is based in Bengaluru, India.
Brighte is a point of sale credit and payments provider that seeks to help businesses provide customers with a fast and affordable way to pay. Brighte's end-to-end automated digital platform provides real-time credit assessment of a customer application.
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