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Avant
Personal credit FinTech
- 501-1000 employees
- Fintech
- B2C
- Personal finance
- Lending
- Credit cards
- Financial Services
- 222 W Merchandise Mart Plaza, Suite 900, Chicago, IL 60654, US
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Company mission
To empower every customer with innovative solutions designed to help them reach their goals.
Few candidates hear
back within 2 weeks
-3% employee growth in 12 months
Our take
Many Americans with below average credit scores are caught in a bind: they're unable to improve their score, and simultaneously cannot access traditional loans. Avant's alternative is to offer credit options that are based on machine learning and a large database to manage their risk. The business has issued over $8 billion in loans to date.
The company offers a quick credit decision and speedy access to any allotted funds. It paired up with Zero Financial in 2021, expanding its business to the digital banking space. It plans to offer a whole suite of products in a single platform, such as loans, credit cards, and deposits.
Many fintechs are looking at ways to remove the traditional barriers that people with low credit scores face when trying to take out loans. Avant is not alone in this space, but by expanding its offering to banking products as well, it has increased its customer appeal and its reach. The company has recently received a large investment from Ares Management Alternative Credit Funds, enabling it to expand its credit portfolio and further develop its platform.
Steph
Company Specialist at Welcome to the Jungle
Benefits
- WFH stipends for our remote employees
- Fun in-office and virtual social events
- Summer fridays
- Lunch allowance (Fooda) and in-office snacks
- Generous paid parental leave
- Access to LinkedIn Learning for professional development
- Choice of great medical, dental, and vision insurance plan options
- 401(k) Match
- Unlimited paid time off
- Flexible work environment
- And who doesn’t love the swag
- No meeting wednesdays - (a.k.a. planned time to Get Sh!t Done)
Company values
- Authenticity. We show up to work as our whole selves and make sure others can too
- Collaboration. We can only succeed when we do so as a team
- Problem-Solving. The harder the problem, the more satisfying the solution
- Customer. We are all owners of the customer experience
- Initiative. Plan. Adapt. Get Sh!t Done
Funding (last 2 of 6 rounds)
Dec 2022
$125m
GROWTH EQUITY VC
Sep 2015
$325m
SERIES E
Total funding: $779m
This company has top investors
Leadership
Al Goldstein
(Executive Chairman)They worked for a year at Deutsche Bank for a year, before founding Pangea Properties in 2008, and Avant in January 2013. They have been Chairman since, alongside founding Amount, Spring Labs, and StoicLane.
Paul Zhang
(CTO)Having studied at the University of Illinois, they spent a year as a Software Engineer at CashNetUSA and Enova Financial. They founded Debteye in 2011, before starting Avant in 2013, serving since 2019 as CTO.
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