Aven
Founded Year
2019Stage
Series D | AliveTotal Raised
$142MValuation
$0000Last Raised
$142M | 8 mos agoAbout Aven
Aven is a financial services company that offers a credit card product leveraging home equity to provide low interest rates. The company's main offering is a Visa credit card that allows homeowners to access their home equity for purchases, cash-outs, and debt consolidation with the promise of lower interest rates and cash-back rewards. Aven targets homeowners looking for alternatives to traditional home equity lines of credit and high-interest credit cards. Aven was formerly known as Heracles Holdings. It was founded in 2019 and is based in Burlingame, California.
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Expert Collections containing Aven
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Aven is included in 3 Expert Collections, including Unicorns- Billion Dollar Startups.
Unicorns- Billion Dollar Startups
1,257 items
Fintech
22,953 items
Excludes US-based companies
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.
Aven Patents
Aven has filed 4 patents.
The 3 most popular patent topics include:
- credit cards
- fountain pen and ink manufacturers
- merchant services
Application Date | Grant Date | Title | Related Topics | Status |
|---|---|---|---|---|
12/30/2020 | 2/13/2024 | Pens, Fountain pen and ink manufacturers, Writing implements, Splines (mathematics), Videotelephony | Grant |
Application Date | 12/30/2020 |
|---|---|
Grant Date | 2/13/2024 |
Title | |
Related Topics | Pens, Fountain pen and ink manufacturers, Writing implements, Splines (mathematics), Videotelephony |
Status | Grant |
Latest Aven News
Jan 16, 2025
13 It has already been announced that the CJEU annulled the decision of the EU Council on the sanctions imposed on Aven and another billionaire Mihailo Fridman on February 28, 2022. In the ruling, the CJEU stated that none of the reasons contained in the initial legal acts for subjecting Aven and Friedman to sanctions were sufficiently substantiated and that their inclusion in the lists of sanctioned persons was therefore not justified. Regarding their subsequent permanence on the CJEU’s sanctions lists, the Court ruled that the Council of the EU did not provide any additional evidence to that originally invoked. The Court considers that, although the arguments put forward by the Council of the EU may demonstrate some sort of link between Aven and Friedman with the Kremlin master Vladimir Putin or people close to him, they do not allow it to be demonstrated that they supported actions or policies that undermine or threaten Ukraine’s territorial integrity and independence, or have provided material or financial support to Russian officials responsible for the annexation of Crimea. Latvia is the only country that has appealed the verdict. Latvia was among the Member States that invited the Council of the EU to appeal, however, according to the recommendation of the Legal Service of the Council of the EU and the opinion of the majority of the EU Member States, the Council of the EU The EU did not do this. Asked whether, if he wins the appeal, Avens could seek compensation from Latvia, his lawyer Aron Bass had previously said that “apart from covering his lawyers’ fees, which he will absolutely demand, this would depend on several variables, but in theory yes.” . #Aven #terminates #participation #capital #Russian #Alfa #Bank Share this:
Aven Frequently Asked Questions (FAQ)
When was Aven founded?
Aven was founded in 2019.
Where is Aven's headquarters?
Aven's headquarters is located at 548 Market Street, San Francisco.
What is Aven's latest funding round?
Aven's latest funding round is Series D.
How much did Aven raise?
Aven raised a total of $142M.
Who are the investors of Aven?
Investors of Aven include Khosla Ventures, Founders Fund, General Catalyst, Caffeinated Capital, Electric Capital and 6 more.
Who are Aven's competitors?
Competitors of Aven include Splitero and 6 more.
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Compare Aven to Competitors
Point specializes in home equity investments and offers financial solutions within the fintech sector. The company's flagship product, the home equity investment (HEI), allows homeowners to access funds by sharing a portion of their home's future appreciation without the need for monthly payments. It primarily serves homeowners looking to leverage their home equity for debt elimination, home improvements, and personal growth without the financial burden of traditional loans. It was founded in 2015 and is based in Palo Alto, California.
Unison specializes in home co-investing in financial services. The company offers a financing alternative that allows homeowners to access their equity without incurring additional debt. It works with lenders, regulators, and institutional investors to integrate homeownership investing into the housing finance system. Its HomeBuyer enables purchasers to buy the home they want with controlled debt and risk. Its service is primarily targeted towards homeowners and investors. It was founded in 2004 and is based in San Francisco, California.
Hometap is a financial services company that specializes in home equity investments as an alternative to traditional loans. The company offers homeowners the ability to access the equity in their homes without the burden of monthly payments or debt, providing funds that can be used for a variety of personal and financial goals. Hometap's services are primarily utilized by individuals seeking financial solutions for education, home improvements, debt consolidation, business funding, retirement, and investment opportunities. It was founded in 2017 and is based in Boston, Massachusetts.
Unlock provides financial solutions through home equity agreements within the personal finance sector. The company offers homeowners the ability to access their home equity without monthly payments or interest charges through a product that is not a loan but a contractual agreement. Unlock's services are tailored to individuals seeking alternatives to traditional debt instruments for purposes such as debt reduction, home remodeling, or funding a small business. It was founded in 2019 and is based in Tempe, Arizona.
Noah is a finance company that specializes in equity sharing models within the financial services sector. The company offers an alternative to traditional home equity loans and HELOCs, providing homeowners with a one-time cash payment in exchange for a share in the future appreciation or depreciation of their home. Noah primarily serves homeowners in select metro areas across the United States. It was founded in 2016 and is based in San Francisco, California.
Domochi provides shared home equity lending within the financial services sector. The company offers products that enable homeowners to use their home equity without traditional mortgage solutions. Domochi's services focus on individuals seeking financing options for their real estate needs. It was founded in 2020 and is based in New York, New York.
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