• FOUNDING YEAR: 2012
    LOCATION:
    United States
    REGION:
    Illinois
    Last Update:
    18 Oct, 2019
    Phone:
    +1 312-448-8685
    Global presence:
    United Kingdom, Canada

Description

FOCUS

PRODUCTS & SERVICES:
Online consumer lending & underwriting platform
REVENUE MODEL:
Viewable by subscribers only
MAIN CLIENTS:
Retail Borrowers
COMMENT
Simple application process, faster approvals with no prepayment fees

PEOPLE

FOUNDERS:
Al Goldstein, John Sun, Paul Zhang
Board Members and Advisors:
Tripp Jones, Steve Joung, Al Goldstein
NUMBER OF EMPLOYEES:
501-1000
INVESTORS:
Victory Park Capital, KKR, DFJ Growth, August Capital, Peter Thiel, RRE Ventures, Tiger GlobalManagement, Jefferies Group, Mark Friedgan, QED Investors

TRACTION

VALUATION / MARKET CAP:
$1.9 Billions in 2018
REVENUE:
$10M+ in 2016
REVENUE COMMENT:
Viewable by subscribers only
ACTIVE USERS:
0.1500
COMMENT:
More than 500,000 customers have been served worldwide through the Avant platform(2016).

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$109 Million
DATE OF LAST FUNDING:
May 2016
FUNDING SERIES:
SERIES A
$9 Millions Closed: May 2013
SERIES B
$25 Millions Closed:
SERIES C
$75 Millions Closed: Jul 2014
COMMENTS
SERIES B : Debt financing: $25 M(May 2013) SERIES C : Debt financing: $200 M(July 2014).
LISTED:
NO
COMMENT:
Series D: $225 M(Dec 2014), Debt financing: $1.08 B(May 2016)

LATEST RESEARCH