Avant
Founded Year
2012Stage
Debt - IV | AliveTotal Raised
$2.23BLast Raised
$100M | 2 yrs agoRevenue
$0000Mosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
-88 points in the past 30 days
About Avant
Avant is a financial technology company that specializes in providing personal loans and credit cards. The company offers a range of financial solutions designed to help individuals manage their finances and achieve their personal goals. Avant primarily serves consumers looking for credit and loan products to support their financial needs. It was founded in 2012 and is based in Chicago, Illinois.
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Avant's Products & Differentiators
Avant Credit Card
Helps you pay for what you need while you build your credit.
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Expert Collections containing Avant
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Avant is included in 5 Expert Collections, including Unicorns- Billion Dollar Startups.
Unicorns- Billion Dollar Startups
1,249 items
Digital Lending
2,271 items
This collection contains companies that provide alternative means for obtaining a loan for personal or business use and companies that provide software to lenders for the application, underwriting, funding or loan collection process.
Fintech
9,304 items
Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.
Fintech 100
249 items
250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.
Artificial Intelligence
6,888 items
Avant Patents
Avant has filed 79 patents.
The 3 most popular patent topics include:
- cell biology
- biotechnology
- international taxation
Application Date | Grant Date | Title | Related Topics | Status |
|---|---|---|---|---|
9/30/2020 | 10/29/2024 | Painting materials, Light machine guns, Painting techniques, Coatings, Traffic signs | Grant |
Application Date | 9/30/2020 |
|---|---|
Grant Date | 10/29/2024 |
Title | |
Related Topics | Painting materials, Light machine guns, Painting techniques, Coatings, Traffic signs |
Status | Grant |
Latest Avant News
Oct 10, 2024
News Provided By Share This Article Medical Loans Global Market Report 2024 – Market Size, Trends, And Forecast 2024-2033 You Can Now Pre Order Your Report To Get A Swift Deliver With All Your Needs” — The Business Research Company LONDON, GREATER LONDON, UNITED KINGDOM, October 10, 2024 / EINPresswire.com / -- The medical loans market has grown rapidly, from $171.95 billion in 2023 to $190.46 billion in 2024, reflecting a CAGR of 10.8%. Factors driving this growth include rising healthcare costs, an aging population, increasing prevalence of chronic diseases, limited insurance coverage, the rise of elective procedures, and heightened consumer awareness of financing options. What Is The Estimated Market Size Of The Global Medical Loans Market And Its Annual Growth Rate? The market is anticipated with a CAGR of 11.2%, the medical loans market will grow to $291.25 billion by 2028. Growth factors include rising healthcare costs, demand for elective surgeries, and limited insurance coverage. Trends encompass digital lending platforms, fintech innovations, and AI integration for credit assessments. Explore Comprehensive Insights Into The Global Medical Loans Market With A Detailed Sample Report: Growth Driver of The Medical Loans Market The increase in health insurance premiums is expected to drive the medical loans market going forward. Health insurance premiums are the amounts paid by individuals or employers to maintain active health insurance policies, typically on a monthly basis. The rise in these premiums results from medical cost inflation, increased service utilization, advancements in medical technology, and administrative expenses. Higher premiums and out-of-pocket costs may lead individuals to postpone medical care until necessary, potentially resulting in higher costs when treatment is finally sought, prompting them to seek medical loans to cover these expenses. Explore The Report Store To Make A Direct Purchase Of The Report: Which Market Players Are Driving The Medical Loans Market Growth? Major companies operating in the medical loans market are U.S. Bancorp, HDFC Bank Limited, KeyCorp, Regions Financial Corporation, OneMain Holdings Inc., CareCredit LLC, Credit Karma, SoFi Technologies Inc., Affirm Holdings Inc., Lending Tree Inc., LendingClub Patient Solutions, Affirm Holdings Inc., Lending Tree Inc., LendingClub Patient Solutions, Upstart Holdings, GreenSky LLC, The Money Source Inc., NewDay USA, Prosper Funding LLC, Avant LLC, ClearBalance Healthcare, Alphaeon Credit Inc., United Credit, Plexus Financial Services LLC, Advance Care Card The medical loans sector is focusing on fintech apps to streamline the loan application process, enhance financial management, and offer tailored financing solutions for medical expenses. These digital solutions simplify user access to financial services, making it easier to manage payments, loans, and personal finance. How Is The Global Medical Loans Market Segmented? 1) By Type: Amount Below $5,000, Amount $5,000-$100,000, Amount Above $100,000 2) By Healthcare Facility Type: Urgent Care Clinics, Pharmacies 3) By Application: Dental Surgery, Plastic Surgery, Critical Surgery, Bariatric Surgery Geographical Insights: North America Leading The Medical Loans Market North America was the largest region in the medical loans market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the medical loans market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Medical Loans Market Definition Medical loans are personal loans tailored to cover healthcare expenses. Designed for individuals needing funds for medical treatments not fully covered by insurance, these loans provide essential financial support during healthcare emergencies. Medical Loans Global Market Report 2024 from The Business Research Company covers the following information: • Market size data for the forecast period: Historical and Future • Macroeconomic factors affecting the market in the short and long run • Analysis of the macro and micro economic factors that have affected the market in the past five years • Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa. • Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. An overview of the global medical loans market report covering trends, opportunities, strategies, and more The Medical Loans Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on market size, drivers and trends, market major players, competitors' revenues, market positioning, and market growth across geographies. The market report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential. Browse Through More Similar Reports By The Business Research Company: Personal Loans Global Market Report 2024
Avant Frequently Asked Questions (FAQ)
When was Avant founded?
Avant was founded in 2012.
Where is Avant's headquarters?
Avant's headquarters is located at 222 West Merchandise Mart Plaza, Chicago.
What is Avant's latest funding round?
Avant's latest funding round is Debt - IV.
How much did Avant raise?
Avant raised a total of $2.23B.
Who are the investors of Avant?
Investors of Avant include Ares Management, WebBank, Paycheck Protection Program, August Capital, Tiger Global Management and 14 more.
Who are Avant's competitors?
Competitors of Avant include Amount, Best Egg, Achieve, Prosper, Applied Data Finance and 7 more.
What products does Avant offer?
Avant's products include Avant Credit Card and 2 more.
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Compare Avant to Competitors
Upgrade is a financial technology company operating in the consumer credit sector. The company offers services such as personal loans, credit lines, and rewards checking and premier savings accounts, all aimed at helping customers access and manage credit. Their primary market includes families across America. It was founded in 2016 and is based in San Francisco, California.
Prosper operates as a financial technology company. The company offers a range of financial solutions including personal loans, credit cards, and home equity lines of credit, which are designed to support customers in consolidating debt, financing home improvements, covering healthcare costs, and enhancing their financial well-being. Prosper primarily serves individuals across the credit spectrum, providing them with affordable financial solutions. Prosper was formerly known as Auto Quick Invest. It was founded in 2005 and is based in San Francisco, California.
Zirtue offers a relationship-based lending application that aims to drive financial inclusion. It provides funds through relationship-based loans. It offers peer lending and borrowing. The company was founded in 2018 and is based in Dallas, Texas.
Possible Finance focuses on financial services, specifically in the credit and lending domain. The company offers services such as short-term loans and credit cards, designed to provide access to funds and help with customers' financials. It primarily serves the financial service sector. The company was founded in 2017 and is based in Seattle, Washington.
Happy Money is a financial technology company that operates in the financial services sector. The company primarily offers loans, funded by a network of lending partners, designed to help individuals achieve their financial goals. Its services are primarily targeted towards the financial services industry. Happy Money was formerly known as Payoff. It was founded in 2009 and is based in Torrance, California.
Fundbox provides an embedded working capital platform for small businesses, operating within the financial services industry. It offers services such as business loans and lines of credit, which are designed to help businesses manage their cash flow and cover expenses. It primarily serves the small business sector. The company was founded in 2013 and is based in San Francisco, California.
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