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Avant provides a B2C marketplace lending platform that leverages big data and machine-learning algorithms to offer a customized approach to streamlined credit options. It works under the name AvantCredit in the UK and Canada.
PRODUCTS & SERVICES
Online consumer lending & underwriting platform
AvantCredit does not charge any origination fees to consumers, but charges interest rate. Interest varies from 19% - 40%
Simple application process, faster approvals with no prepayment fees
VALUATION / MARKET CAP:
$1.9 B in 2018
$10M+ in 2016
The company had a revenue of $438Million in 2016
More than 500,000 customers have been served worldwide through the Avant platform(2016).
BOARD MEMBERS AND ADVISORS
NUMBER OF EMPLOYEES
DATE OF LAST FUNDING
SERIES A · $9 M · May 2013
SERIES B · $20 M · Aug 2013
SERIES C · $75 M · Jul 2014
SERIES D · $225 M · Dec 2014
SERIES E · $325 M · Sep 2015
Series D: $225 M(Dec 2014), Debt financing: $1.08 B(May 2016)
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