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Avant provides online lending services, focusing on personal loans and credit cards. Customers can apply for personal loans ranging from $2,000 to $35,000 and credit cards with limits between $300 and $1,000. The application process is entirely online, allowing for quick approvals and a transparent experience. Avant generates revenue through interest rates on loans, which vary from 9.95% to 35.99% APR, and fees from credit card products. What sets Avant apart from competitors is its user-friendly application process, fast approval times, and strong customer support. The company's goal is to make borrowing more accessible and affordable, while also offering financial education to help customers improve their credit and financial well-being.
Company Stage
Growth Equity (Venture Capital)
Employees
501-1,000
Industries
Fintech, Financial Services
Total Funding
$757.8M
Headquarters
Chicago, Illinois
Founded
2012
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