What Aveka is and is not
Aveka is a technology infrastructure platform that facilitates student financing workflows between universities, students, and regulated financial institutions. Understanding what this means in practice is essential for anyone assessing our regulatory status.
- A technology and software platform provider
- A financing workflow facilitator connecting students, universities, and lenders
- A KYC infrastructure provider using regulated third-party verification partners
- An AI-powered tools provider for lender matching and mock interview preparation
- A DED-registered commercial entity operating under UAE commercial law
- A data processor operating under applicable data protection frameworks
- A lender, bank, or non-banking financial company (NBFC)
- A licensed financial adviser or credit broker
- A regulated payment institution or payment service provider
- A credit reference or credit bureau agency
- An insurance provider or financial guarantor
- Regulated by any financial services authority as a financial institution
Important: Aveka does not issue, approve, or underwrite any loan or financial product. All financing is provided by regulated financial institution partners under their own licensing and regulatory obligations. Aveka has no authority to approve or reject any financing application.
Partner lenders and their regulatory status
All lenders operating through the Aveka platform are independently regulated financial institutions. Each lender holds its own licence and regulatory approvals in the jurisdiction(s) in which it operates. Aveka does not endorse, guarantee, or take responsibility for any lender's regulatory compliance.
Partner lenders include regulated banks, non-banking financial companies (NBFCs), and specialised education lenders across the following categories:
A current list of specific active lender partners, including their regulatory registration details, is available upon written request from institutional users (universities) at compliance@aveka.ai. Students may request information about the specific lender their application has been matched to from their university.
KYC and verification partners
Identity verification (KYC) on the Aveka platform is performed in partnership with regulated, third-party identity verification and document authentication providers. These providers hold their own regulatory approvals for KYC and anti-money laundering (AML) compliance in the jurisdictions in which they operate.
Aveka itself does not issue KYC approvals or make definitive identity determinations. The platform collects student consent, transmits data securely to authorised KYC partners, and presents the resulting verification report to the relevant university and lender. All final determinations are made by the KYC provider or the lender.
The identity of KYC partners used for a specific verification can be disclosed upon written request. Contact: compliance@aveka.ai.
Governing law and jurisdiction
Aveka's terms of service and platform agreements are governed by the laws of the United Arab Emirates, specifically those of the Emirate of Dubai. Any dispute arising under these terms that cannot be resolved through the Aveka grievance process is subject to the exclusive jurisdiction of the competent courts of Dubai, UAE.
This governing law applies to the technology platform agreement between Aveka and its institutional users (universities and lenders). Individual loan agreements between students and lenders are governed by the law specified in those lenders' own terms, which may differ by jurisdiction.
Data protection obligations are governed separately in accordance with applicable local law in the jurisdiction of the data subject see our Privacy Policy for the full framework.
Where to direct complaints
Because Aveka is a facilitator not a lender the right place to direct a complaint depends on what it concerns. Use the routing guide below:
Regulatory queries
Questions about Aveka's regulatory status?
Institutional partners, due diligence teams, and regulators may direct formal queries to our compliance function.
compliance@aveka.aiMarkingo Portal LLC · DED License No. 1308533 · Office No. OFF504-830, Warba Centre, Al Murqabat, Dubai, United Arab Emirates