Tagged: avant

Gone Crypto: Former Trump Advisor Gary Cohn Joins Blockchain Startup Spring Labs as an Advisor

Gary Cohn, formerly the Chief Economic Advisor to President Trump and former President and COO of Goldman Sachs, has joined a blockchain startup, Spring Labs, as an advisor. Spring Labs is  building a “decentralized network for identity and credit” to provide a more secure and… Read More

Avant Announces Rebranding of Fintech SaaS Business Unit

U.S.-based Avant announced on Tuesday it has rebranded its fintech SaaS business Unit to be Amount. According to Avant, Amount utilizes the technology, intellectual property, and capabilities developed by Avant to provide custom technology solutions for financial institutions. Avant reported that several financial institutions, such as Regions Bank and… Read More

Chicago Rising: New Entry to List of Fintech Hubs is Important Gain for the Windy City

Deloitte’s recent report on Fintech Hubs entitled A tale of 44 cities – Connecting Global FinTech: Interim Hub Review 2017 indicated that London remained at the top of the list with Singapore closely behind it and obviously hoping to become number one. But alongside the original 20… Read More

Global Debt Registry Adds Avant as Network Partner

Global Debt Registry (GDR), a company that provides loan data validation expertise, has announced the addition of online lending platform Avant to its verification network. Avant offers access to unsecured personal loans ranging from $1,000-$35,000 with funding as soon as the next business day. The online lender… Read More

Avant Quietly Shuts Down ReadyForZero Credit Monitoring and Debt Management Site

Online lender Avant acquired ReadyForZero in 2015 to promote debt and credit related financial education.. ReadyForZero is a debt management and credit monitoring platform that helped consumers manage their finances.  While no terms of the acquistion were revealed, ReadyForZero had reportedly raised $5 million in a… Read More

Orchard: Loan Originations Appear to be Back on Track

Orchard Platform is out with their weekly report and they are reporting that “things appear to be getting back on track” as money is flowing back into the online lending sector.  New loan issuance is being led by platforms like SoFi and Avant. If this… 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

Drums Pounding: New York Financial Regulator Has Sent Letters to 28 Online Lending Platforms

The New York Department of Financial Services apparently is not content with just rifling through recent actions at Lending Club, the state agency has now sent letters to 28 different online lenders.  This is according to a report by Reuters – the news agency happened… 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

Avant-Acquired ReadyforZero Announces New Free Credit Monitoring For Personal Financing Tools

ReadyforZero, a company that was acquired by marketplace lender Avant, announced on Monday that that free credit monitoring is now available to all users with personal financial tools. With this new feature, users can manage both their personal debt and credit from a single web and… 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

Crowdnetic Launches Automated Loan Platform “Marketplace Lending Gateway”

Crowdnetic, a provider of technology and market data solutions to the marketplace lending industry, today announced the launch of “Marketplace Lending Gateway” (“Gateway”), a centralized technology platform that connects loan applicants from banks and retailers to alternative funding sources through a real-time matching and allocation… 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

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