Avant (company): Difference between revisions
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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.<ref>{{cite web | Avant's technology applies algorithms, [[Machine learning|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.<ref>{{cite web | ||
|url=https://tech.co/news | |url=https://tech.co/news | ||
|title=AvantCredit Rebrands as 'Avant', Acquires ReadyForZero | |title=AvantCredit Rebrands as 'Avant', Acquires ReadyForZero | ||
Revision as of 10:39, 9 January 2021
| Avant, LLC | |
|---|---|
| |
| Website | www.avant.com |
| Ownership type | Private |
| Founded | 2012, by Al Goldstein, John Sun, Paul Zhang |
| Headquarters | Chicago (Illinois) , 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) 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.