Avant
Founded Year
2012Stage
Debt - IV | AliveTotal Raised
$2.23BLast Raised
$100M | 2 yrs agoRevenue
$0000Mosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
-91 points in the past 30 days
About Avant
Avant is a financial technology company that specializes in providing personal loans and credit cards. The company offers a range of financial solutions designed to help individuals manage their finances and achieve their personal goals. Avant primarily serves consumers looking for credit and loan products to support their financial needs. It was founded in 2012 and is based in Chicago, Illinois.
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Avant's Products & Differentiators
Avant Credit Card
Helps you pay for what you need while you build your credit.
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Expert Collections containing Avant
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Avant is included in 5 Expert Collections, including Unicorns- Billion Dollar Startups.
Unicorns- Billion Dollar Startups
1,258 items
Digital Lending
2,334 items
This collection contains companies that provide alternative means for obtaining a loan for personal or business use and companies that provide software to lenders for the application, underwriting, funding or loan collection process.
Fintech
9,394 items
Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.
Fintech 100
249 items
250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.
Artificial Intelligence
7,212 items
Avant Patents
Avant has filed 79 patents.
The 3 most popular patent topics include:
- cell biology
- biotechnology
- painting materials
Application Date | Grant Date | Title | Related Topics | Status |
|---|---|---|---|---|
9/30/2020 | 10/29/2024 | Painting materials, Light machine guns, Painting techniques, Coatings, Traffic signs | Grant |
Application Date | 9/30/2020 |
|---|---|
Grant Date | 10/29/2024 |
Title | |
Related Topics | Painting materials, Light machine guns, Painting techniques, Coatings, Traffic signs |
Status | Grant |
Latest Avant News
Nov 28, 2024
Backers included SuperLayer and Avalaunch, along with a coalition of over 40 individual investors. The company intends to expand its suite of inclusive DeFi tools. Founded by Rhett Shipp, Avant has developed an innovative DeFi-powered stable-value token system on Avalanche, featuring two unique assets: avUSD and savUSD. avUSD serves as a stable-value token, offering a reliable store of value ideal for transactions, lending, and borrowing. savUSD is the staked variant that accrues yield through Avant’s managed delta-neutral strategies, with the aim of offering consistent returns and a lower risk profile than many products in the DeFi space. Through it, users can buy avUSD (which can be staked manually) and savUSD (the pre-staked variant of avUSD) to gain access to advanced strategies without the need for manual oversight or specialized resources. Avant collaborates with expert delta-neutral traders, including renowned firms like 0xPartners, leveraging their experience and track record in delivering stable, risk-adjusted returns. Users also benefit from institutional-grade security, with top-tier custody solutions and continuous real-time contract monitoring. The company’s diversification strategy is designed to ensure no project or protocol receives an outsized allocation of funds in order to mitigate the risks associated with single-point failures. FinSMEs
Avant Frequently Asked Questions (FAQ)
When was Avant founded?
Avant was founded in 2012.
Where is Avant's headquarters?
Avant's headquarters is located at 222 West Merchandise Mart Plaza, Chicago.
What is Avant's latest funding round?
Avant's latest funding round is Debt - IV.
How much did Avant raise?
Avant raised a total of $2.23B.
Who are the investors of Avant?
Investors of Avant include Ares Management, WebBank, Paycheck Protection Program, August Capital, Tiger Global Management and 14 more.
Who are Avant's competitors?
Competitors of Avant include Best Egg, Amount, Conductiv, Achieve, Prosper and 7 more.
What products does Avant offer?
Avant's products include Avant Credit Card and 2 more.
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Compare Avant to Competitors
Upgrade is a financial technology company that operates in the consumer credit sector. The company offers services such as personal loans, credit lines, rewards checking, and savings accounts, all aimed at helping customers access and manage credit. Its primary market includes families across America. It was founded in 2016 and is based in San Francisco, California.
Prosper operates as a financial technology company. The company offers a range of financial solutions, including personal loans, credit cards, and home equity lines of credit, which are designed to support customers in consolidating debt, financing home improvements, covering healthcare costs, and enhancing their financial well-being. Prosper primarily serves individuals across the credit spectrum, providing them with affordable financial solutions. Prosper was formerly known as Auto Quick Invest. It was founded in 2005 and is based in San Francisco, California.
Zirtue is a company that operates in the financial technology sector, focusing on relationship-based lending. It provides a platform for individuals to lend and borrow money from friends and family, facilitating loan requests and automated repayments, while offering a framework for managing personal loans. Zirtue serves the personal finance sector by allowing lending without traditional banks or predatory lenders. It was founded in 2018 and is based in Dallas, Texas.
Fundbox provides an embedded working capital platform for small businesses and operates within the financial services industry. It offers services such as business loans and lines of credit, which are designed to help businesses manage their cash flow and cover expenses. It primarily serves the small business sector. The company was founded in 2013 and is based in San Francisco, California.
Happy Money is a financial technology company that operates in the financial services sector. The company primarily offers loans, funded by a network of lending partners, designed to help individuals achieve their financial goals. Its services are primarily targeted towards the financial services industry. Happy Money was formerly known as Payoff. It was founded in 2009 and is based in Torrance, California.
Conductiv is a technology company focusing on lending operations within the financial services sector. The company offers a platform for digital data collection, lending guidance based on AI, and loan approvals to facilitate the lending process. Conductiv serves banks and credit unions, to address manual work, fraud, and lending times. It was founded in 2019 and is based in Long Island City, New York.
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