AvantCredit has big-picture plan to own alt-finance
Most alternative finance companies seek to meet the needs of an underserved niche in the marketplace while a few have wider aims.
Count AvantCredit among the latter. The Chicago-based company was recently ranked sixth on Forbes 100 Most Promising Companies list thanks to an impressive growth pace which sees it with more than $1 billion in funding, 550 employees, and $75 million in annual revenue in just over two years of operation.
Investors love AvantCredit. Within its first sixth months of operation AvantCredit attracted $1 million in seed funding, an $8 million Series A round, and a $25 million debt facility. A year later they closed a $75 million Series C round and two $200 million debt financings.