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Avo Insurance

Avo Insurance's Overview

Total employees39
HeadquartersSandown, Sandton
Founded2018

Avo Insurance offers accessible and user-friendly insurance products, notably funeral cover and home content insurance, delivered through 'Avo by Nedbank,' a comprehensive super-app developed by Nedbank, one of South Africa's leading financial institutions. The Avo platform aims to simplify daily life by consolidating a wide range of services, including financial products like insurance, onto a single digital interface. This targets a broad consumer base in South Africa seeking streamlined management of their needs, from shopping and services to financial protection.

Where is Avo Insurance's Headquarters?

HQ Function

Serves as the primary corporate headquarters for Nedbank Group, overseeing all strategic planning, operational management, and digital innovation initiatives, including the Avo super-app and its Avo Insurance offerings.

Notable Features:

Nedbank's Sandton campus is recognized for its modern architectural design and commitment to sustainability, with several buildings achieving Green Star SA ratings. The campus supports a large workforce dedicated to Nedbank's diverse financial services.

Work Culture:

Within Nedbank, teams focused on digital products like Avo typically embrace agile methodologies and a culture of innovation, aligning with the bank's broader digital transformation strategy. The overall Nedbank culture values client-centricity, integrity, staff development, and community involvement.

HQ Significance:

This location is the nerve center of Nedbank, a major player in Africa's financial services sector. It underpins the development, funding, and support of cutting-edge digital services like the Avo platform, thereby enabling Avo Insurance's market reach and product offerings.

Values Reflected in HQ: The headquarters' infrastructure and the investment in digital platforms like Avo mirror Nedbank's core values: integrity, respect, accountability, client-driven approach, and pushing beyond boundaries through innovation.

Location:

Avo Insurance, offered through Nedbank's Avo super-app, is primarily focused on the South African market. Nedbank, its parent company, has a significant presence in South Africa and operates in several other African countries within the Southern African Development Community (SADC) and East Africa. It also maintains representative offices in key global financial centers. While Avo Insurance's direct services are currently localized to South Africa, Nedbank's broader operational footprint provides the robust infrastructure, technology governance, security protocols, and financial backing essential for the Avo platform. Globally supported functions pertinent to Avo indirectly include group-level IT strategy, cybersecurity frameworks, risk management, and overall financial stewardship provided by Nedbank.

Street Address:

135 Rivonia Road

City:

Sandown, Sandton

State/Province:

Gauteng

Country:

South Africa

Avo Insurance's Global Presence

Cape Town, Western Cape, South Africa

Address: The Clock Tower, V & A Waterfront, Cape Town, 8001 (Example of a major Nedbank regional office)

Serves as a key operational center for Nedbank in the Western Cape, providing comprehensive financial services and support to clients and internal divisions in the region.

Durban, KwaZulu-Natal, South Africa

Address: Nedbank Park, 140/142 Florida Road, Durban, 4001 (Example of a major Nedbank regional office)

Provides a full spectrum of financial services to the KwaZulu-Natal region and supports Nedbank's strategic objectives in this key economic area.

Buying Intent Signals for Avo Insurance

Highperformr Signals uncover buying intent and give you clear insights to target the right accounts at the right time — helping your sales, marketing, and GTM teams close more deals, faster.

Notable news
Hiring actively
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
*Example signal, not calculated in real time

Executive Team of Avo Insurance

As of April 2025, Avo Insurance' leadership includes:

Mike Brown - Chief Executive, Nedbank Group
Chipo Mushwana - Managing Executive, Retail and Business Banking, Nedbank
Fred Swanepoel - Group Chief Information Officer, Nedbank
Anél Bosman - Group Managing Executive: Nedbank Corporate and Investment Banking (Many super-app features require CIB integration)

Investors of Avo Insurance

Avo Insurance has been backed by several prominent investors over the years, including:

Nedbank Group Ltd. (Parent Company, JSE:NED, a publicly traded entity). Key institutional shareholders typically include the Public Investment Corporation (PIC), Allan Gray, Coronation Fund Managers, and various international investment funds.

Executive New Hires/Exits in the Last 12 Months

Hire1
Exits0

In the last 12 months, a key leadership appointment relevant to Avo Insurance was Chipo Mushwana taking the helm of Nedbank Retail and Business Banking. Such strategic appointments underscore Nedbank's commitment to enhancing its digital and retail propositions, including the Avo super-app.

New Appointments:

Chipo Mushwana, Chipo Mushwana appointed as Managing Executive for Nedbank Retail and Business Banking, overseeing the strategic direction for the division that includes the Avo platform and its insurance offerings.

Technology (Tech Stack) used by Avo Insurance

Discover the tools Avo Insurance uses. Highperformr reveals the technologies powering your target accounts — helping your sales, marketing, and GTM teams prioritize smarter and close faster.

Avo Insurance Email Formats and Examples

For professional communication with Nedbank, understanding their common email address patterns can be helpful. Nedbank, like many large corporations, utilizes standardized email formats for its employees. The most prevalent format is 'firstnamel@nedbank.co.za'.

firstnamel@nedbank.co.za

Format

johnd@nedbank.co.za

Example

70%

Success rate

News and media

ITWebFebruary 20, 2024

Avo by Nedbank Posts Strong Annual Growth in 2023

Nedbank's super app, Avo, demonstrated robust growth in its 2023 financial year. The Avo Business platform saw its gross merchandise value (GMV) increase by 133% to R142 million, and the Avo SuperShop marketplace GMV grew by 28% to R1.9 billion. The platform has expanded its customer base to 2.7 million users, reflecting strong uptake of its diverse offerings, including Avo Insurance....more

MoneywebMarch 5, 2024

Nedbank’s Avo super app grows platform customers to 2.7m

Nedbank reported that its Avo super app increased its platform customers by 35% to 2.7 million in the year ended December 2023. This growth highlights the increasing adoption of the app's ecosystem, which includes shopping, services, and financial products like Avo Insurance....more

BizcommunityJune 13, 2023

Avo by Nedbank launches auto marketplace, Avo Auto

Avo by Nedbank expanded its service offerings with the introduction of Avo Auto, an online marketplace for buying, selling, and financing vehicles. This development further enriches the Avo super app's ecosystem, adding to its existing array of e-commerce, home services, and financial products including insurance....more

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