Avant and InterVest Capital Partners announce $1 billion forward flow agreement. Multi-year deal marks new collaboration and provides Avant new source of funding. September 15, 2026 08:30 ET | Source: Avant CHICAGO, Sept. 15, 2026 (GLOBE NEWSWIRE) - Avant, LLC ("Avant") today announced a new multi-year forward flow agreement with InterVest Capital Partners ("InterVest"), a leading alternative investment firm specializing in specialty finance, marking the companies' first partnership. Under the agreement, InterVest, through its affiliate, has committed to purchase up to $1 billion of personal loans facilitated through Avant's platform over a 24-month period, subject to customary funding and financing conditions. The transaction gives Avant access to a new source of capital, supporting the company's mission of expanding credit access for middle-income Americans. "We are pleased to partner with Avant, reflecting our strategy of partnering with market-leading businesses that pair prudent, time-tested credit risk management with strong technology and seasoned management teams." said Ari Rosenberg, Managing Director at InterVest. "Avant's platform expands access to personal loan and credit card solutions for everyday consumers, and we are proud to support that mission through this transaction." "Avant was built to make credit more accessible for middle-income Americans, and this agreement supports that mission," said Kevin Friedrich, Chief Financial Officer, Avant. "We're excited about this collaboration with InterVest who bring meaningful experience in specialty finance and consumer credit to the table. Reliable, diverse sources of capital are core to serving our customers well. This gives us flexibility to invest in our platform for the customers who rely on us." The collaboration reflects Avant's broader funding strategy, which combines whole loan sales, securitizations and institutional partnerships like this one. Adding capital sources beyond traditional channels helps Avant reduce reliance on any single funding stream and maintain flexibility across a range of market conditions. This added capacity supports the company's ability to serve borrowers across its platform. Willkie Farr & Gallagher acted as legal advisor to InterVest in the transaction and Chapman and Cutler LLP acted as legal advisor to Avant. About Avant Avant is a data-driven platform at the intersection of technology and credit, built to meet the financial needs of millions of middle-income Americans. The company leverages data and machine learning to deliver access to a suite of financial products and services anchored by credit cards, personal loans, and a personal financial management tool. Since its founding in 2012, Avant has served more than 4.8 million unique customers, connecting them to over $17.6 billion in credit through personal loans and credit cards. For more information, visit www.avant.com. Avant-branded credit products are issued by WebBank. About InterVest Capital Partners InterVest capital partners, a New York-based, SEC-registered investment adviser, is an alternative asset manager dedicated to credit strategies across asset-based, asset-backed and specialty finance and real estate. With over two decades' experience and track record in this space, InterVest has been an investor in some of the largest and most well-respected specialty finance platforms and assets across the United States, Canada and Europe.

Aperture Investors has led a $300 million asset-based financing facility with Avant, a financial technology company. The facility provides flexible capital to support Avant's growth across its platform and strengthens the longstanding relationship between the firms. Launched in 2025, Aperture's Asset-Based Finance strategy provides tailored capital solutions to consumer and commercial finance platforms. The strategy is led by Global Head Nick Turgeon. Avant, founded in 2012, operates a data-driven platform offering credit cards and personal loans to middle-income Americans. Since inception, the company has served over 4.5 million customers, connecting them to more than $16.8 billion in credit through personal loans and credit cards. Avant launched its branded credit card in 2017. Aperture Investors is an alternative asset manager and part of Generali Investments, managing approximately $6.72 billion in assets as of 30 June 2026.

Avant, a financial technology company, has deployed an AI-powered virtual agent developed with Replicant across its Avant Card customer service operation. Since launching in January 2026, the system has completed approximately 62% of customer calls without transferring to human agents. The virtual agent handles routine enquiries whilst allowing human specialists to focus on complex cases requiring judgement and empathy. Customers have rated the service 4.6 out of 5 in post-call surveys. The system was built around five principles: always-on availability, shifting routine work from human specialists, structured data capture, instant scalability during demand spikes, and consistent customer communication. Avant plans to expand use of the platform further. Since 2013, Avant has connected over 4 million customers to more than $13.2 billion in personal loans and 2.9 million credit cards.