Avant is a Chicago-based fintech company providing online personal loans and credit cards to consumers underserved by traditional financial institutions.
Avant is a financial technology company founded in 2012 and headquartered in Chicago, Illinois, at 222 W Merchandise Mart Plaza, Suite 900. It operates as both a technology platform and a servicer, providing personal loans and credit cards to consumers underserved by traditional financial institutions through a fully-online lending process. The company reports more than 4 million customers across the United States and employs over 250 people.
Its two main products are Avant Personal Loans, offering amounts from $2,000 to $35,000 to middle-income and underserved borrowers, and Avant Credit Cards, issued by WebBank, with credit limits from $300 to $3,000. Both are delivered through an online application and servicing model designed to be fast and entirely digital.
Technical work at Avant spans financial technology, advanced analytics and credit modeling, online lending platform technology and digital credit servicing. The company describes its culture as credit-first, with an emphasis on sophisticated analytics, technology and customer service, and a stated mission of lowering the costs and barriers of borrowing for everyday people. It operates nationwide across the United States.
