Tagged: al goldstein

Proposed OCC National Fintech Charter Comments & Feedback

Last December, the Office of the Comptroller of the Currency (OCC) – part of the Department of Treasury-  proposed a “National Bank Charter for Fintech Companies”. The exploration stirred up a hornet’s nest of public officials that were not too pleased the OCC would think… Read More

Sign of the Times: Avant Offers Buyouts to All Employees

Avant, an online lender, has offered the option for buyouts to all 760 of the company’s employees. It was not clear how many Avant employees would accept the offer. The news is a painful reminder that online lending is still struggling to regain its footing… Read More

Avant Taps StudyCloud and TempoIQ for its Next Growth Stage

  Online lending platform Avant announced today it has recruited the key technical teams of two local technology startups, StudyCloud and TempoIQ, to support the company’s next phase of growth. Avant recently surpassed $3 billion in loan originations and as growth continues for 2016, acqui-hires have become… Read More

#LenditUSA Bigger than Ever as Online Lending Begins to Mature

  LenditUSA 2016 was bigger than ever. If you look back just three years the venue and the organizers have scaled what was once a relatively small gathering of 375 industry participants in 2013 to one that is truly a global event with over 3,500… Read More

Brief: Regions Bank Forms Agreement Avant to Offer New Loan Application Process

Last week, Regions Bank announced it has formed a partnership with marketplace lender Avant to offer its customers with a new loan application process. According to the bank, the agreement will combine its already established banking and online presence with Avant’s tech platform to provide a fast, convenient digital… Read More

Avant Appoints Former FDIC Head Sheila Bair As New Board Member

On Friday, Chicago-based marketplace lending platform Avant announced it has appointed President of Washington College and former head of the Federal Deposit Insurance Corporation (FDIC), Sheila Bair as a new member of its board. Al Goldstein, co-founder and CEO of Avant, stated: “Sheila’s proven track… Read More

loanDepot Announces New Partnership With Avant to Expand Credit Options For Borrowers

loanDepot announced it has formed a new partnership with Avant as a way to expand credit options for borrowers nationwide. The online lender revealed that it has teamed up with Avant through an API integration to offer borrowers access to credit products that match their financial needs. Speaking about the partnership, loanDepot, LLC… Read More

Avant Launches Direct to Consumer Auto Loans Product

Online lender, Avant, announced on Monday that it is expanding its user reach by launching of its latest financial product, direct to consumer auto refinance loans. According to the website, the auto refinancing products will provide users with a new way to manage their finances and also lower monthly auto… Read More

Avant Hits New Milestone: Captures $3 Billion in Three Years

Marketplace lending platform, Avant, announced on Monday it has surpassed $3 billion in loan originations in the past three years. With 440,000 customers worldwide, Avant is changing the way consumers borrow by lowering the costs and barriers of borrowing. Founded in November 2012, Avant has reportedly… Read More

Avant Closes $325 Million Series E Funding Round Led By General Atlantic

Avant, a fast growing online lending platform, announced today it has closed a $325 million Series E equity finance round. The funding, announced last month, was led by global growth equity firm General Atlantic, with additional participation from Balyasny Asset Management and J.P. Morgan. Existing… Read More

Lendit Europe Update: Raj Singh Announces AvantCredit Hits £100M in UK Loans

AvantCredit, one of the UK’s fastest growing marketplace lenders announced that it has provided GBP100 million in loans in the UK market since launching in October 2013.  The company, which has issued nearly 35,000 loans in the UK to date, uses innovative technology and machine-learning algorithms,… Read More

Avant Raises $325 Million in Equity Funding, Partners with General Atlantic

Online lender Avant has inked a “definitive agreement” in a Series E funding round for $325 million. The funding is expected to close this October. Avant’s total equity raised now tops $650 million and debt raised goes to $1.1 billion. The lead investor in this… Read More

Marketplace Lending Platform Avant Continues Global Expansion with Canada Launch; Reaches 300,000 Customers

Avant, a fast-growing marketplace lending platform, announced on Thursday that it is expanding to Canada, the company’s newest international market. Headquartered in Chicago, Avant has empowered more than 300,000 consumers in the United States and United Kingdom. The recent launch of AvantCredit in Canada will bring… Read More

Marketplace Lending Platform Avant Closes $139M Asset-Backed Securitization Led by Jefferies; Secures $200M Credit Facility Led by J.P. Morgan & Credit Suisse

Marketplace lending platform, Avant, announced on Thursday that two newly secured transactions totaling $339 million in debt financing. These recently minted deals bring Avant’s funding total to $1.1 billion in debt financing, $334 million in equity financing and $400 million raised through the Avant Institutional… Read More

Al Goldstein, CEO Of Avant, Talks ‘Underbanked’ Middle-Class Consumers And The Future Of Avant

  At the helm of Avant, a Chicago-based consumer loan program named to Forbes’ 2015 list of America’s Most Promising Companies, is founder and CEO Al Goldstein. A serial entrepreneur in technology, consumer services and real estate, Al co-founded Avant with John Sun, now the… Read More

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