Academy of Finance - Sri Lanka

What Academy of Finance - Sri Lanka does

Academy of Finance - Sri Lanka is a private professional education institution founded in 2006 and headquartered at No. 186, Galle Road, Colombo 04. Operating with approximately 11 employees, the academy delivers globally recognized finance certifications through three core programme families: ICMA Australia qualifications (CMA Graduate Conversion Programme, CMA Accountancy Workshop, and CGBA), CISI-UK qualifications (International Introduction to Investment, Risk in Financial Services, Wealth & Investment Management, and Global Financial Compliance), and the IIA Certified Internal Auditor (CIA) designation. In 2024-2025 the academy was elevated to exclusive Global Provider status for the ICMA Graduate Conversion Programme, formalizing its role beyond Sri Lanka.

The academy serves working finance professionals, corporate organizations, and graduates seeking career-enhancing credentials. Instruction is delivered via a hybrid model combining physical weekend and weekday classes at Colombo hotel venues (including Hotel Galadari) with live Zoom streaming and a Moodle-based Student Portal providing e-learning access to study materials, lecture recordings, and course resources. Supporting the credentialing programmes is the Quantum Leap corporate training division offering four tracks (Finance & Accounting, Personal Wealth Management, Sales & Marketing Skills, and Customer Care) targeted at corporates, multinationals, and government agencies.

Revenue is generated primarily through tuition fees from professional certification enrolments across multiple batch intakes, supplemented by customized corporate training engagements. Pricing is not publicly disclosed and prospective students are routed through phone and inquiry-based enrollment. The academy reports 20,000+ participants trained and 8,000 engaged professionals, with alumni holding CEO and Chairman positions at major Sri Lankan banks and listed corporates, and formal alliances in place with ICMA Australia, CISI-UK, IIA, ICCSSL, and the Association of Professional Bankers Sri Lanka.

Name

Academy of Finance - Sri Lanka

Legal name

Academy of Finance

Website

https://academy.com.lk

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

11–50 employees

Short description

Academy of Finance - Sri Lanka is a private professional education institution delivering globally recognized finance certifications (ICMA CMA, CISI, IIA CIA) plus Quantum Leap corporate training, serving working professionals, corporates, and government agencies through hybrid in-person and online delivery.

Ownership category

akta.pro rank

Product category

Professional Finance Education and Certification

NAICS

Professional and Management Development Training (611430), Business Schools and Computer and Management Training (6114)

SIC

Services-Educational Services (8200)

akta.pro primary industry

Accounting & Finance Certification Prep (CPA, CMA, CFA, FRM) (EDANAIAD)

akta.pro secondary industries

Finance, Accounting & Risk (CFA/CPA/FRM) Certifications (EDAAANAD), Finance, Banking & Capital Markets (EDAAAPAG), Financial Services & Insurance (FINRA, CFP, IAR, Insurance CE) (EDAAALAJ)

Keywords

• Professional finance education
• Management accounting certification
• Securities investment training
• Internal audit certification
• Corporate finance training

Headquarters

HQ city

Colombo 04

HQ country

Sri Lanka

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure, Technology or R&D, Others

Revenue model

1. Professional Certification Programs: Revenue generated from professional certification program fees including ICMA (Australia) CMA programs, CISI qualifications, and IIA certifications. Programs have multiple batch intakes (Batches 28-39 observed) with registration and tuition fees.
2. Corporate Training (Quantum Leap): Customized corporate training programs in finance, sales, marketing, and customer care for organizations including corporates, multinationals, and government agencies.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

Academy of Finance - Sri Lanka delivers internationally accredited professional certification programs in management accounting (CGMA via ICMA Australia), securities and investment (IOC and related qualifications via CISI-UK), and internal auditing (CIA via IIA). Courses are offered to individual working professionals and to corporate clients through a hybrid format combining weekend in-person sessions at Colombo hotel venues and live online Zoom classes, supported by a Moodle LMS and optional MS Teams for corporate cohorts.

Product overview

Academy of Finance - Sri Lanka is a financial education institution offering a portfolio of professional qualification programmes and corporate training services. The core offering consists of three main programme categories: (1) ICMA Australia qualifications including the CMA Graduate Conversion Programme, CMA Accountancy Workshop, and CGBA programme; (2) CISI qualifications covering Introduction to Investment, Risk in Financial Services, Wealth & Investment Management, and Global Financial Compliance; and (3) IIA Certified Internal Auditor (CIA) qualification. Supporting the professional programmes is the Quantum Leap Training division providing in-house and public workshop certifications in Finance & Accounting, Personal Wealth Management, Sales & Marketing Skills, and Customer Care. The institution also provides a Moodle-based Student Portal for e-learning delivery. These products are delivered through hybrid sessions combining physical classes at venues like Hotel Galadari with live Zoom sessions, and are supported by webinars and YouTube video content.

Differentiator

Problem solved

Functional benefit

Products and services

• Chartered Global Management Accountant (CGMA) Program Professional certification program in management accounting delivered in partnership with ICMA Australia, aimed at individual finance and accounting professionals and corporate cohorts seeking the CGMA designation.
• CISI Securities and Investment Programs (e.g., Investment Operations Certificate / Investment Advice Diploma) Professional certification programs in securities and investment delivered under accreditation from the Chartered Institute for Securities & Investment (CISI), UK, targeting finance and investment professionals.
• Certified Internal Auditor (CIA) Preparation Program Exam preparation program for the Certified Internal Auditor (CIA) credential delivered in partnership with IIA, designed for internal audit professionals and corporate audit teams.
• Customized Corporate Training Programs Bespoke finance, accounting, risk, and audit training delivered to corporate clients either at their premises or via integrated online platforms (MS Teams / corporate LMS), serving banks, financial institutions, and large enterprises in Sri Lanka and the wider region.

Quantifiable outcome

• Trained over 20,000 participants across various programs
• +2 more outcomes

Named customers11 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Six partnerships are on record, tiered core, strategic and foundational.

• Chartered Institute of Securities and Investments (CISI-UK)coreStrategic or Co-development Partner · 21 April 2025At the Silver Jubilee Anniversary Celebration, ICMA Australia formalized strategic partnership with CISI-UK. This partnership opens new doors for professional collaboration and progression, creating exciting opportunities for members of both organisations.
• Institute of Chartered Corporate Secretaries of Sri Lanka (ICCSSL)strategicStrategic or Co-development Partner · 21 April 2025At the Silver Jubilee Anniversary Celebration, ICMA Australia formalized strategic partnership with ICCSSL. This partnership creates pathways for mutual recognition and professional development.
• Association of Professional Bankers (APB) Sri LankastrategicStrategic or Co-development Partner · 21 April 2025At the Silver Jubilee Anniversary Celebration, ICMA Australia formalized partnership with APB. This collaboration opens doors to professional growth and progression for members of both organisations.
• Institute of Certified Management Accountants (ICMA) AustraliacoreStrategic or Co-development Partner · 3 December 2024ICMA Australia appointed Academy of Finance as the exclusive Global Provider for the ICMA Graduate Conversion Programme. The Sri Lanka Region, under Mr. Kapila Dodamgoda's leadership, has set a global benchmark in education delivery. ICMA was incorporated in 1996 and provides professional organization for management accountants.
• Institute of Chartered Accountants of Sri LankafoundationalStrategic or Co-development Partner · 1 January 2006ICMA Australia Qualification was introduced to Sri Lanka by the Institute of Chartered Accountants of Sri Lanka in 1999. Academy of Finance was appointed as exclusive partner in Sri Lanka since 2006.
• Institute of Internal Auditors (IIA)coreStrategic or Co-development PartnerIIA, established in 1941, is the internal audit profession's globally recognized advocate, educator, standard setter, and certifying body. Academy of Finance delivers the Certified Internal Auditor (CIA) designation program, the only globally recognized certification for internal auditors.

Scale indicators4 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• CIMA (Chartered Institute of Management Accountants): Global professional body for management accountants offering its own CGMA qualification and approved tuition network; highly comparable because both organizations deliver management-accounting certifications (CMA Australia vs. CGMA) to working finance professionals through partner-provider model.
• IMA (Institute of Management Accountants): US-based professional body administering the CMA (US) designation with approved review courses worldwide; directly comparable to Academy of Finance's CMA Australia delivery, as both deliver designated management-accountant certification preparation to mid-career professionals.

Broad incumbents

• ACCA (Association of Chartered Certified Accountants): Global accountancy body granting the ACCA qualification with its own network of approved learning partners in Sri Lanka; comparable in targeting the same finance professional learner for globally portable credentials, even though curriculum differs from CMA/CISI/CIA.
• IIA (Institute of Internal Auditors): Global certifying body for the CIA credential which Academy of Finance delivers; directly comparable as both content source and professional home for the internal-audit certification stream the academy teaches in Sri Lanka.
• BPP Professional Education: International professional training provider delivering ACCA, CIMA, CFA, and other finance qualifications across UK, EMEA, and APAC; comparable in hybrid classroom-plus-online delivery and multi-credential finance exam preparation model.
• CISI (Chartered Institute of Securities and Investment): UK-based professional body whose qualifications (Risk in Financial Services, Wealth & Investment Management, Global Financial Compliance) are delivered by Academy of Finance; directly comparable as both an issuer and content provider for the same credential family the academy teaches.
• Kaplan Financial: Global professional education provider offering tuition across ACCA, CIMA, ICAEW, CFA and CISI programs; comparable in product breadth (multi-credential exam prep) and target learner (working professionals) but at much larger scale and broader geographic footprint.

Regional players

• Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka): Sri Lanka's domestic chartered accountancy body; relevant local peer given history of introducing CMA Australia to Sri Lanka in 1999 and the same downstream candidate pool (accounting/finance undergraduates and junior professionals) that Academy of Finance recruits from.
• Sri Lanka Institute of Directors (SLID): Local governance and director-development body delivering professional training to senior Sri Lankan executives; comparable in targeting the same high-end professional learner and competing for the same corporate-training wallet within Sri Lanka.

Emerging players

• OpenStudy College: UK online professional education provider offering self-paced CISI, ACCA, and AAT programs; comparable as a competing delivery mechanism for the same CISI-UK qualifications Academy of Finance offers, particularly for international self-study candidates.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/academy-of-finance-sri-lanka

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Academy of Finance - Sri Lanka