Avant (company)
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| Avant, LLC | |
|---|---|
| |
| Website | www.avant.com |
| Ownership type | Private |
| Founded | 2012, by Al Goldstein, John Sun, Paul Zhang |
| Headquarters | Chicago, Illinois (Illinois (U.S. state)) , United States |
| Industry | Consumer Finance, Financial Services, Financial Technolgy |
| Product/Service | Lines of credit, Personal loans |
Avant, LLC is a privately held company (in Chicago, Illinois, Illinois (U.S. state)) operating in the financial technology industry. The company was founded in 2012 by serial entrepreneur Albert ‘Al’ Goldstein, John Sun and Paul Zhang.[1]
Avant's technology applies algorithms, machine-learning protocols, and analytical tools in addition to the standard consumer data pulled to determine a customized rate, amount and length at which money can be borrowed.[2]
From 2012 onwards Avant saw a significant growth with over $ 1 billion in loans raised through the Avant website and $ 1.4 billion in contributions from investors (such as August Capital, Tiger Global and Victory Park Capital).[3]
References
- ↑ Avant: About us. Retrieved on December 2020.
- ↑ AvantCredit Rebrands as 'Avant', Acquires ReadyForZero. Retrieved on January 2021.
- ↑ Avant raises 400 Million. Retrieved on November 2020.