Avant Expands Debt Warehouse
Big Data Fintech News

Avant Reaches 1.5 Million Customers

Growth driven by bringing access to credit through transparent personal loans and credit cards

Avant, a leading financial technology company that gives middle-income consumers access to the credit they deserve, announced today that it has surpassed the 1.5 million customer milestone. Its growing customer base speaks to Avant’s focus on providing access to transparent, affordable personal loans and credit to consumers who have been underserved by traditional financial institutions. Customers have responded by awarding Avant a lifetime Customer Satisfaction of 94% and a lifetime Net Promoter Score of 76.

Since launching in 2012, the company has connected consumers with $6.5 billion in loans and 400,000 credit cards. Over the years, Avant has continued to streamline the online lending process through technological innovation. In 2017, Avant expanded its product portfolio beyond personal loans with the launch of the Avant Credit Card, which is seeing card issuance increase by 170% year-over-year.

Read More: Marqeta Partners With Tymit to Power New Credit Card Offering

“This is an exciting milestone for our company,” said James Paris, CEO of Avant. “Our goal from day one has been to fill a critical market gap by improving access to affordable credit. We’ve been able to eliminate the barriers middle-income consumers typically face when applying for a loan or credit card and deliver a seamless and transparent process with a quick turnaround. We’re excited for what’s to come as we continue expanding our product portfolio.”

 

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