# Avant

> Avant is a Chicago financial technology company offering U.S. consumers access to unsecured personal loans, credit cards and app-based financial health tools. It focuses on middle-income borrowers underserved by traditional institutions, combines machine learning with credit operations, and partners with WebBank to issue its branded credit products.

- **Founded:** 2012
- **Headquarters:** Chicago, United States
- **Founders:** Al Goldstein (Co-founder; Executive Chairman and CEO), John Sun (Co-founder; former Chief Credit Officer), Paul Zhang (Co-founder; Chief Information Officer)
- **Products:** Personal loans, Avant Credit Card, Avant mobile app, Credit Builder, NASCAR co-branded credit card (announced)
- **Notable:** Company reported approximately 4.8 million unique customers served and over $17.6 billion in credit through loans and cards by September 2026., Completed the Amount spin-off announced February 2020, separating consumer lending from bank software., Announced its 23rd personal-loan securitization in February 2026, its first transaction to receive AAA ratings from both Fitch and KBRA; the ratings concern the transaction, not Avant corporate debt.

## Products & services

- **Personal loans** — Access to unsecured consumer installment loans issued by WebBank. Advertised amounts $2,000-$35,000, APR 9.95%-35.99%, terms 24-60 months and administration fee up to 9.99%; eligibility and state restrictions apply.
- **Avant Credit Card** — WebBank-issued unsecured credit card with online qualification and account management. The direct website offer advertises 35.99% APR, a $0-$75 annual membership fee and minimum $300 credit limit; other offers vary.
- **Avant mobile app** — Mobile account management for personal loans and credit cards, including payments and account information.
- **Credit Builder** — Free tool for existing customers within the app, developed with SavvyMoney, offering daily score/report access, credit monitoring, alerts, goal setting, score simulation and identity-theft support.
- **NASCAR co-branded credit card (announced)** — Planned January 2027 launch with NASCAR Fan Rewards integration and announced fan benefits; not a currently launched card as of October 25, 2026.

## Achievements

- Company reported approximately 4.8 million unique customers served and over $17.6 billion in credit through loans and cards by September 2026.
- Completed the Amount spin-off announced February 2020, separating consumer lending from bank software.
- Announced its 23rd personal-loan securitization in February 2026, its first transaction to receive AAA ratings from both Fitch and KBRA; the ratings concern the transaction, not Avant corporate debt.

## Latest updates

- **2026-01** — Announced the free SavvyMoney-powered Credit Builder tool for existing app customers.
- **2026-02** — Closed a $200 million personal-loan securitization.
- **2026-05** — Announced the Replicant virtual agent deployment; company reported approximately 62% of calls completed without human transfer and 4.6/5 post-call survey satisfaction.
- **2026-08** — NASCAR announced a multiyear co-branded card agreement with launch expected January 2027.
- **2026-09** — Announced up to $1 billion in conditional loan purchases by an InterVest affiliate over 24 months on September 15.
- **2026-09** — Announced applications to the OCC and FDIC to establish Avant Bank, N.A. on September 18; the proposed bank remains subject to regulatory approval.

## Links

- Website: https://www.avant.com/
- LinkedIn: https://www.linkedin.com/company/avant-us/
- Twitter/X: https://twitter.com/avant_forward
- Instagram: https://www.instagram.com/avantforward/
- Facebook: https://www.facebook.com/avantforward

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Profile page: https://yespress.io/avant
Published by YesPress — https://yespress.io
Last updated: 2026-10-25