machine-banking
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Aven
Aven is a San Francisco-based fintech that built the first credit card backed by home equity. It pairs a Visa with a HELOC so homeowners can borrow against their house at mortgage-like rates while earning 2% unlimited cash back. Founded in 2019 by ex-Facebook and Square engineers, Aven hit a $2.2B valuation in 2025 after a $110M Series E led by Khosla Ventures and is building what it calls a 'machine banking' platform for American homeowners.
Sadi Khan
Sadi Khan is the Co-Founder and CEO of Aven, a San Francisco-based fintech unicorn valued at $2.2 billion that created the world's first home equity-backed credit card. A University of Waterloo computer engineering graduate, Khan spent over a decade at Facebook leading product for Internet.org, Maps, Search, and Ads before co-founding Aven in 2019. Aven has since issued over $3 billion in credit lines, saved consumers more than $215 million in interest, and raised $252 million in total funding. Known for his maximally rational decision-making style and habit of wearing the same outfit every day to reduce cognitive load, Khan aims to build America's first 'machine banking' platform and democratize access to home equity for millions of homeowners.