Full-Time
Posted on 7/22/2025
Online lending platform for unsecured loans
$100k - $140k/yr
Chicago, IL, USA
Hybrid
Hybrid schedule (M, T, Th in-office)
Avant provides online lending services, offering unsecured personal loans from $2,000 to $35,000 and credit cards with limits from $300 to $1,000. Access is completely online, with a streamlined application and fast approval process. The company earns revenue from loan interest (9.95% to 35.99% APR) and credit card fees. Key differences from competitors include a fast, transparent application experience, strong customer support, and educational resources that help customers build credit. The overarching goal is to lower the barriers and costs of borrowing, making it easier for people to obtain funds, while helping them manage credit responsibly through clear terms and financial education.
Company Size
501-1,000
Company Stage
N/A
Total Funding
$2.2B
Headquarters
Chicago, Illinois
Founded
2012
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FinTech Avant boosts financing capacity with new $200 million deal. By PYMNTS | March 2, 2026 FinTech company Avant closed a $200 million personal loan securitization that it said it expects to provide over $500 million in financing capacity over its 24-month life. The transaction also marks Avant's first deal to receive AAA ratings from both Fitch Ratings and Kroll Bond Rating Agency (KBRA), the company said in a Thursday (Feb. 26) press release. This is Avant's 23rd personal loan securitization since the company's founding in 2012 and its seventh revolving transaction, according to the release. Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks! Combined with Avant's existing asset funding commitments, this transaction brings the company's long-term funding commitments to about $2.5 billion and supports continued growth of its personal loan and credit card business, per the release. "Over more than a decade, we've built a funding model designed to support the business through different market environments," Avant Chief Financial Officer Kevin Friedrich said in the release. "Transactions like this reinforce that foundation and allow us to continue to scale our business and support our customers." Avant uses data and machine learning to meet the needs of middle-income Americans with credit cards, personal loans and a personal financial management tool, according to the release. The company has connected more than 4 million unique customers to $13.2 billion in personal loans since 2013 and 2.9 million credit cards since 2017, per the release. Avant launched a free financial health tool called Credit Builder in January, following a pilot launch in April, saying the tool provides credit monitoring, goal setting, actionable insights to support credit improvement and dedicated support in the event of identity theft. Among the initial users of Credit Builder, 87% are monthly active users and 75% have seen their credit score improve or remain steady. In December, Avant said the number of existing customers on its platform had surpassed 2 million and that the company had served more than 4.3 million unique customers since its founding in 2012. The company attributed its growth to the multiple products it offers on the platform, including access to personal loans, credit cards and personal financial management tools, and its artificial intelligence-driven credit decisioning engine designed to optimize credit performance and the customer experience.
Avant, a financial technology company, has closed a $200 million personal loan securitisation that received AAA ratings from both Fitch Ratings and Kroll Bond Rating Agency. This marks Avant's first transaction to earn the top rating from both agencies and its first deal rated by Fitch. The transaction is Avant's 23rd personal loan securitisation since 2012 and seventh revolving deal. It features a 24-month revolving period and is expected to provide more than $500 million in personal loans over its lifetime. Combined with existing commitments, Avant now has approximately $2.5 billion in long-term funding to support its personal loan and credit card businesses. Since 2013, the company has connected over 4 million customers to more than $13.2 billion in personal loans and 2.9 million credit cards.
Avant, a financial technology company serving middle-income Americans, has launched Credit Builder, a free tool providing personalised credit monitoring, goal setting and actionable insights for credit improvement. The platform, developed with SavvyMoney, offers daily credit score access, real-time alerts and a credit score simulator. Following a pilot launch in April 2025, Credit Builder attracted 357,000 users by December, with 87% becoming monthly active users. Among initial users, 75% have maintained or improved their credit scores since enrollment. The tool enables users to simulate how actions like paying down debt or closing credit cards could impact their creditworthiness. Avant has connected over 4 million customers to more than $12.5 billion in personal loans and 2.8 million credit cards since launching products in 2013.
In 2022 Emirates also selected AVANT Up for its new A350 fleet.
CHICAGO, Oct. 18, 2023 /PRNewswire/ -- Avant, a credit-first financial technology company offering consumers access to a suite of financial solutions, today announced the availability of the co-branded MLS Forward Credit Card powered by Avant* as the official credit card of Major League Soccer (MLS).