Avant

lendingonline loans

FOUNDING YEAR: 2012
LOCATION: United States
Last Update: 03/05/2021

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MEDICI Analysis

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.

Focus

PRODUCTS & SERVICES

Online consumer lending & underwriting platform

REVENUE MODEL

AvantCredit does not charge any origination fees to consumers, but charges interest rate. Interest varies from 19% - 40%

MAIN CLIENTS

Retail Borrowers

COMMENT

Simple application process, faster approvals with no prepayment fees

Traction

VALUATION / MARKET CAP:

$1.9 B in 2018

COMPANY TYPE:

For Profit

REVENUE

$10M+ in 2016

REVENUE COMMENT:

The company had a revenue of $438Million in 2016

ACTIVE USERS:

0.1500

TRACTION COMMENT:

More than 500,000 customers have been served worldwide through the Avant platform(2016).

company provided insights

Acquisitions

ACQUIREE NAME

ReadyForZero

ANNOUNCED DATE

Mar 2015

PRICE

---

ACQUIREE NAME

Zero

ANNOUNCED DATE

Apr 2021

PRICE

---

company provided insights
Web Traffic

Web Traffic

MONTHLY VISITS

936,556

AVERAGE VISITS (6 MONTHS)

1,052,633.74

MONTHLY VISITS GROWTH

-8.7%

VISIT DURATION

240

VISIT DURATION GROWTH

22.01%

PAGE VIEWS VISIT

4.72

PAGE VIEWS VISIT GROWTH

14.25%

BOUNCE RATE

24.24%

BOUNCE RATE GROWTH

-0.35%

GLOBAL TRAFFIC RANK

42,299

MONTHLY RANK CHANGE

-4,517

MONTHLY RANK GROWTH

-9.65%

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