Avant

lendingonline loans

FOUNDING YEAR: 2012
LOCATION:
Last Update: 05/07/2020

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

About

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

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).

Momentum

FUNDED

YES

TOTAL FUNDING

$654 M

DATE OF LAST FUNDING

Sep 2015

FUNDING SERIES

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

DEBT FUNDING

$1.13 B

LISTED

NO

COMMENT

Series D: $225 M(Dec 2014), Debt financing: $1.08 B(May 2016)

BASICS

FOUNDING YEAR:

2012

LOCATION:

Views:

534 VISITORS | 1396 VIEWS
LATEST FUNDING ROUND

$654 M

TOTAL EMPLOYEES
501-1000

About

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.

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

Focus+
Momentum+
Traction+
People+
Other+

Join the exclusive global FinTech community

Be a part of the global FinTech community on Slack