Avant is a neobank that offers personal loans ranging from $2,000 to $35,000 and credit cards with transparent limits from $300 to $3,000, utilizing a mobile app for account management. The platform provides flexible financial solutions to help consumers manage unexpected expenses and achieve their personal financial goals.
Funding
Funding not disclosed
Founders
Product
Problem
Many consumers face unexpected expenses or have personal financial goals but lack access to traditional financial products due to credit history or other factors. This can limit their ability to manage their finances effectively and achieve their objectives.
Solution
Avant provides a suite of digital financial solutions, including personal loans and credit cards, designed to help consumers manage their finances and reach their goals. Personal loans range from $2,000 to $35,000 and can be used for various purposes, such as medical bills or home improvement projects. The Avant credit card offers transparent credit limits from $300 to $3,000. Both products are managed through a mobile app, providing users with convenient access to their accounts and financial tools. Avant utilizes end-to-end encryption and other security measures to protect user data and privacy.
Target Audience
Avant serves consumers who need access to personal loans and credit cards to manage unexpected expenses, consolidate debt, or achieve personal financial goals.
Features
- Personal loans ranging from $2,000 to $35,000 with APRs from 9.95% to 35.99% and loan lengths from 24 to 60 months
- Credit cards with transparent credit limits from $300 to $3,000
- Mobile app for account management and access to financial tools
- End-to-end industry-standard encryption to protect user data
- Personal loan options for debt consolidation, emergencies, and home improvement
- MLS Forward Credit Card offering 5x points on purchases from MLSStore.com, 3x on gas, 2x on dining and grocery, and 1x on all other eligible purchases