Avant, formerly AvantCredit, is a credit-first financial technology company* that provides access to innovative financial solutions, including personal loans and credit cards, championing customers on their financial journey.

Avant is dedicated to building premier digital banking solutions for the middle class through a combination of technology, analytics and superior customer service.

Avant was founded in 2012 by Albert “Al” Goldstein, John Sun and Paul Zhang. Avant currently issues loans in 46 states, and in October 2013, the company expanded beyond US borders to Canada and the United Kingdom.

 

Avant’s technology applies algorithms, machine-learning protocols, and analytical tools in addition to the standard consumer data pulled to determine a customized rate, amount and length at which money can be borrowed. 

 

Avant offers unsecured personal loans ranging from $2,000-$35,000 with funding as soon as the next business day. Avant unveiled a new multi-year exclusive partnership with Major League Soccer (“MLS”) for a co-branded fan affinity credit card that will be powered by Avant and issued by WebBank.

 

Avant has connected almost 3 million customers to $8 billion in loans and over 1 million credit cards. To date, Avant has provided access to over $9 billion in credit serving almost three million customers.

 

Avant is backed General Atlantic, KKR, Tiger Global Management, Ares Management Corporation, Jefferies, WebBank, August Capital, Victory Park Capital, and others. The company raised $250M in a Debt financing round on Dec 07, 2022. This brings Avant's total funding to $2.05B to date. Avant was valued at over $2B from its Series E in Sep 2015.

 

 

  • Year founded: 2012
  • Funding Info: $2.05B over 12 Rounds (Latest Funding Type: Debt)
  • Yearly Revenue: $300M-$500M (FY- 2022)
  • Employee Size: 501-1,000
  • Business Valuation: Valued at over $2B as of Sep 29, 2015
  • City/Town: Chicago
  • State: Illinois
  • Country: United States
Related businesses