About Avant
Avant is a company based in Chicago (United States) founded in 2012. It operates as a Commission-Based, and FinTech. Avant has raised $905.23 million across 13 funding rounds from investors including Ares Management, KKR and JPMorgan Chase. Avant has completed 5 acquisitions, including Avant, ReadyForZero and StudyCloud. Avant offers products and services including Avant Credit Card, Personal Loans, Debt Consolidation Loans, and Emergency Loans. Avant operates in a competitive market with competitors including SoFi, Moneylion, Oportun, Earnest and Atlanticus Holdings, among others.
- Headquarter Chicago, United States
- Stage Unicorn
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Avant, Llc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$905.23 M (USD)
in 13 rounds
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Latest Funding Round
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Investors
Ares Management
& 13 more
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Employee Count
Employee Count
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Investments & Acquisitions
Avant
& 4 more
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Products & Services of Avant
Avant offers a comprehensive portfolio of products and services, including Avant Credit Card, Personal Loans, Debt Consolidation Loans, and Emergency Loans. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Credit card offered for personal financial needs.
Loans provided for various personal financial goals.
Loans designed to consolidate personal debt effectively.
Loans offered for urgent personal financial emergencies.
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Funding Insights of Avant
Avant has successfully raised a total of $905.23M across 13 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 13
- Last Round Last Round
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First Round
First Round
(17 Dec 2012)
- Investors Count 14
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2022 | Amount | Series E - Avant | Valuation | Ares Management |
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| Dec, 2022 | Amount | Debt – Conventional - Avant | Valuation |
investors |
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| Sep, 2015 | Amount | Series E - Avant | Valuation | General Atlantic |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Avant
Avant has secured backing from 14 investors, including venture fund and institutional investors. Prominent investors backing the company include Ares Management, KKR and JPMorgan Chase. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Alternative asset investment management firm
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Founded Year | Domain | Location | |
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Venture capital is invested personally in fewer enterprises, with support provided for building game-changing businesses.
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Founded Year | Domain | Location | |
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VC firm investing in seed and early stage companies in the US
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Avant
Avant has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include Avant, ReadyForZero and StudyCloud. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Digital bank for individuals
|
2016 | ||||
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Digital banking services for consumers are provided via apps.
|
2015 | ||||
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Collaborative classroom management platform for education is offered.
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2012 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Avant
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Avant Comparisons
Competitors of Avant
Avant operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as SoFi, Moneylion, Oportun, Earnest and Atlanticus Holdings, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Various consumer loans and financial services are offered online.
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| domain | founded_year | HQ Location |
Instant consumer loans and mobile banking are offered online.
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| domain | founded_year | HQ Location |
Online platform for consumer loans
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| domain | founded_year | HQ Location |
Student loan refinancing and personal loans are offered by Earnest.
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| domain | founded_year | HQ Location |
Credit cards are provided for consumers, businesses, and healthcare financing.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Avant
Frequently Asked Questions about Avant
When was Avant founded?
Avant was founded in 2012.
Where is Avant located?
Avant is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Is Avant a funded company?
Avant is a funded company, having raised a total of $905.23M across 13 funding rounds to date. The company's 1st funding round was a Series E of $325M, raised on Dec 17, 2012.
What does Avant do?
Financial products including credit cards and personal loans are offered by Avant. Various loan types such as debt consolidation, emergency, and home improvement loans are provided. The company operates in the consumer finance sector, focusing on accessible financial tools. Solutions are designed to support individuals in achieving financial goals. Operations are based in the United States, with a focus on simplifying everyday financial tasks.
Who are the top competitors of Avant?
Avant's top competitors include SoFi, Moneylion and Atlanticus Holdings.
What products or services does Avant offer?
Avant offers Avant Credit Card, Personal Loans, Debt Consolidation Loans, and Emergency Loans.
How many acquisitions has Avant made?
Avant has made 5 acquisitions, including Avant, ReadyForZero, and StudyCloud.
Who are Avant's investors?
Avant has 14 investors. Key investors include Ares Management, KKR, JPMorgan Chase, Credit Suisse, and General Atlantic.
What is Avant's valuation?
The valuation of Avant is $1B as of Sep 2015.
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