Avant - About the company
Avant is a series E company based in Chicago (United States), founded in 2012 by John Sun and Paul Zhang. It operates as an Online platform for consumer loans. Avant has raised $905M in funding from investors like Tiger Global Management, August Capital and General Atlantic, with a current valuation of $1B. The company has 469 active competitors, including 28 funded and 23 that have exited. Its top competitors include companies like SoFi, Moneylion and Best Egg.
Sectors and market segments that Avant operate in
Avant serves in the FinTech market segments.The primary business model of Avant is:Company Details
Online platform for consumer loans. It offers secured and unsecured personal loans and credit lines on the basis of a repayment guarantee. Repayment of loans can be done via credit/debit cards and bank transfers. It offers an app-based platform that is available on iOS and Android platforms.
- Website
- avant.com
- Social
- Email ID
- *****@avant.com
- Phone Number
- +1 **********
Key Metrics
Founded Year
2012
Location
Chicago, United States
Stage
Series E
Total Funding
$905M in 13 rounds
Latest Funding Round
Post Money Valuation
$1B as on Sep 29, 2015
Investors
Ranked
3rd among 469 active competitors
Employee Count
943 as on Apr 30, 2026
Legal entities associated with Avant
Avant is associated with 5 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
AVANT FINANCIAL INC. CIN: 472853222 , United States, Active | Dec 31, 1999 | - | 4 (As on Dec 31, 2021) | - |
TRANSPORTATION INSURANCE SERVICES, LLC CIN: 463954667 , United States, Active | Dec 31, 1999 | - | 91 (As on Dec 31, 2019) | - |
AVANT OF TEXAS, LLC CIN: 32050225286 , United States, Deadpooled | Feb 19, 2013 | - | - | - |
AVANT MANAGEMENT, LLC CIN: 832813786 , United States, Active | - | 27 (As on Dec 31, 2024) | - | |
AVANT, INC. CIN: 461341612 , United States, Active | Dec 31, 1999 | - | 233 (As on Dec 31, 2024) | - |
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Avant's funding and investors
Avant has raised a total funding of $905M over 13 rounds. Its first funding round was on Dec 17, 2012. Its latest funding round was a Conventional Debt round on Dec 07, 2022 for an undisclosed amount. 1 investor participated in its latest round. Avant has 28 institutional investors.
Here is the list of recent funding rounds of Avant:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Dec 07, 2022 | Undisclosed | Conventional Debt | - | - | - | |
Dec 07, 2022 | $250M | Series E | - | - | - | |
Sep 29, 2015 | $325M | Series E | $1B | - |
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Avant's founders and board of directors
Founder? Claim ProfileHere are the details of Avant's key team members:
- John Sun: Former Co-Founder of Avant and founder of 3 other companies, Spring Labs, AvantCredit and avantcredit.com.
- Paul Zhang: Co-Founder & Chief Information Officer of Avant and founder of 2 other companies, AvantCredit and avantcredit.com.
- Matthew Bochenek: CEO of Avant.
View details of Avant's Founder profiles and Board Members
Avant's employee count trend
Avant has 943 employees as of Apr 26. Here is Avant's employee count trend over the years:
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Avant's Competitors and alternates
Top competitors of Avant include SoFi, Moneylion and Best Egg. Here is the list of Top 10 competitors of Avant, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  SoFi 2011, San Francisco (United States), Public | Online bank offering consumer loans and insurances | $3.04B | 87/100 | |
2nd | Moneylion 2013, Sandy (United States), Acquired | Online platform for instant consumer loans and mobile banking | $268M | 82/100 | |
3rd | Avant 2012, Chicago (United States), Series E | Online platform for consumer loans | $905M | 77/100 | |
4th |  Best Egg 2000, Wilmington (United States), Acquired | Online platform for personal loans | $300M | 76/100 | |
5th |  Upgrade 2016, San Francisco (United States), Series G | Provider of consumer credit and banking products | $750M | 73/100 | |
6th | Earnest 2013, San Francisco (United States), Acquired | Direct lender for student loan refinancing and personal loans | $107M | 72/100 | |
7th | _1580723833028.png?devicePixelRatio=2&height=30&width=30){kind=logo} LendingPoint 2014, Atlanta (United States), Series B | Personal loans provider offering financial solutions with proprietary technology and AI | $325M | 71/100 | |
8th | Oportun 2005, Menlo Park (United States), Public | Online platform for consumer loans | $204M | 68/100 | |
9th |  Atlanticus Holdings 1996, Atlanta (United States), Public | Provider of credit cards for individuals and businesses | - | 67/100 | |
10th |  OppFi 2009, Chicago (United States), Public | Online marketplace for consumer loans | - | 62/100 |
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Avant's Investments and acquisitions
Avant has not made any investments yet. Avant has made 5 acquisitions.Here is the list of latest three $acquisitions:Filter this list
Filter this listDate of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
Apr 07, 2021 | Acquisition | 2015 | San Francisco (United States) | |
Apr 07, 2021 | Acquisition | 2016 | San Francisco (United States) | |
Mar 18, 2016 | Acquisition | 2012 | Chicago (United States) |
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News related to Avant
Filter this listMedia has covered Avant for a total of 20 events in the last 1 year, 8 of them have been about company updates and 3 about partnerships.
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Tech Mahindra acquires Avant to boost payments platformsTechDay•May 01, 2026•Tech Mahindra, , Avant Techno Solutions, Avant
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Avant’s Credit Builder Empowers Middle-Income Americans to Improve Their Financial HealthBusiness Wire•Jan 28, 2026•Savvymoneycom, Avant
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AVANT Announces Strategic Growth Investment from Court Square and PamlicoGlobeNewswire•Dec 17, 2025•Court Square, Pamlico Capital, Avant
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Calabrio Expands Partner Network with Avant, Sabio, and Five9 for Enhanced Customer SolutionsDirectors Club•Nov 06, 2025•Sabio, Calabrio, Avant, Five9
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Avant Technologies, Inc. Issues Retraction of September 24, 2025 Press ReleasePR Newswire•Sep 24, 2025•Austrianova, Avant, Avant Technologies
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