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Avant company logo
Corporation
INTERNET | Internet Software & Services / Accounting & Finance
avant.com

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Founded Year

1973

Stage

Unattributed | Alive

Total Raised

$1.73B

Last Raised

$3.9M | 6 mos ago

Revenue

$0000 

About Avant

Avant is changing the way online banking customers borrow money. Utilizing advanced algorithms and machine-learning capabilities, the company offers a unique and highly customized approach to the personal loan process. The combination of technology, analytics and customer service capabilities allows the company to offer an easy-to-use online process for loans to borrowers, all entirely online.

Avant Headquarter Location

535 N La Salle Drive Suite 535

Chicago, Illinois, 60654,

United States

800-712-5407

Latest Avant News

Debt Collector Pays $1.6 Million Over Allegations Of Too-Frequent Collections Calls And Inadequate Notices To Debtors

Aug 20, 2021

To embed, copy and paste the code into your website or blog: <iframe frameborder="1" height="620" scrolling="auto" src="//www.jdsupra.com/post/contentViewerEmbed.aspx?fid=6b7df00a-368b-4f9e-8ec4-8d5f2b81e691" style="border: 2px solid #ccc; overflow-x:hidden !important; overflow:hidden;" width="100%"></iframe> Massachusetts AG Maura Healey reached a settlement with online short-term installation loan servicer Avant, LLC and related entities (collectively “Avant”) to resolve allegations that it used abusive debt collection practices in violation of Massachusetts’s Consumer Protection Act and the AG’s Debt Collection Regulations. According to the AG’s office, Avant allegedly pursued collections on defaulted accounts through calls to debtors’ residences, cell phones, and other personal telephones with a frequency that violated the debt collection regulations. Avant also allegedly failed to provide required validation notices and documentation to consumers who fell behind on their payments. Under the terms of the assurance of discontinuance , Avant will pay $1.6 million to the Commonwealth, which the AG may distribute at her discretion to cover consumer restitution or attorneys’ fees or contribute to the Massachusetts General Fund, Local Consumer Aid Fund, or other initiatives designed to address the negative effects of unfair practices related to debt collection. In addition, Avant revised its call policy to comply with debt collection regulations and corrected its practices to ensure that proper validation notices and documentation are sent to consumers who are behind on their payments, among other things.

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The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Research containing Avant

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Avant in 4 CB Insights research briefs, most recently on Sep 30, 2021.

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 6 Expert Collections, including Banking.

B

Banking

709 items

U

Unicorns- Billion Dollar Startups

863 items

A

AI in Fintech

155 items

D

Digital Lending

1,148 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.

E

Enterprise SaaS

2,452 items

Software-as-a-service (SaaS) – internet based software offered as a subscription – continues to become the de facto standard for software distribution and consumption. Enterprise SaaS continues to show particular promise, emerging as one of the most well-funded categories. Startu

b

big data

1,068 items

Avant Patents

Avant has filed 60 patents.

The 3 most popular patent topics include:

  • Payment systems
  • Dosage forms
  • Drug delivery devices
patents chart

Application Date

Grant Date

Title

Related Topics

Status

7/9/2018

9/14/2021

Payment systems, Barcodes, Face recognition, Coding theory, Authentication methods

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9/14/2021

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Payment systems, Barcodes, Face recognition, Coding theory, Authentication methods

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Status

Grant

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Avant Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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