Avant

Avant has signed a multi-year forward flow agreement with InterVest capital partners. InterVest has committed to purchase up to $1 billion of personal loans facilitated through Avant's platform over a 24-month period — another step in diversifying Avant's funding base alongside whole loan sales and securitizations. "InterVest brings meaningful experience in specialty finance and consumer credit," said CFO Kevin Friedrich. "This agreement gives us added flexibility as we keep investing in our platform for the customers who rely on us." More in the full release: https://lnkd.in/gtsAJZRY #Fintech #ConsumerLending

When Charles Whittaker was little, he'd put on a suit and walk around with a briefcase and keys (“I was the only kid in school who wore a suit to picture day”). He just wanted to be a businessman. Now he's Avant's Chief Business Officer. He’s been with us since 2013, and he credits staying for over a decade to the trust he’s built with his peers, and to the wide variety of work that keeps his days interesting. Read Charles’ full @Avant interview here: https://lnkd.in/gHFgDkH7

🌳 A crew of Avantees recently spent a glorious summer afternoon at Northerly Island cleaning up the park and the lakefront trails. As part of Chicago Parks Foundation's Pitch In for Parks program, we got to enjoy good weather and good company, and we left the greenspace a little better than we found it. It was the perfect way to use a few of our Volunteer Time Off hours. Thanks to the Fun Committee for putting this event together, and to all the Avantees who pitched in.

⌛ Mastercard set a target to phase out 16-digit card numbers from physical cards by 2030. Digital wallet payments already work this way through the process of tokenization, which substitutes a unique identifier and one time transaction code for the card number at the point of sale and online. It’s more secure than transmitting your 16-digit card number every time you pay. The 2030 Mastercard target accelerates a shift that was already underway. Tokenized payment infrastructure has been expanding across the industry, and that target puts a concrete timeline on that transition. Avant launched digital wallet support for the Avant Card with this shift in mind. Tokenized transactions already keep card numbers out of the payment flow, so customers using the digital wallet see that benefit today, ahead of the transition. Building the infrastructure now means customers benefit sooner than if we wait for the industry to catch up. *Avant, LLC is a financial technology company, not a bank. Avant-branded credit products are issued by WebBank.

When a test suite gets slow, engineers start finding ways around it. Avant Co-Founder and CIO Paul Zhang shared the rule his teams use to avoid that: green tests plus a peer review means it ships, with no manual gate after that. He also gets into why he says "you can't DORA your way to quality if the underlying commitment isn't there," and what it takes to keep a large test suite fast enough that nobody routes around it. Read the full piece from Built In Chicago here: https://lnkd.in/grq2y2CQ

Avant x NASCAR®: A new partnership to bring credit access to NASCAR fans. We're proud to announce our partnership with NASCAR®. At Avant, we believe in building products that meet the financial needs of everyday Americans and empower our customers to achieve their financial goals. This partnership lets us continue that mission, bringing it to NASCAR® fans across the country starting in 2027. Learn more: https://lnkd.in/gZYREMg2 Avant, LLC is a financial technology company, not a bank. Avant-branded credit products are issued by WebBank. #Avant #NASCAR #FinancialInclusion #Fintech #Partnership #Cobrand

Nick Wolff has been part of Avant twice. That probably tells you something. Our CTO recently sat down to talk about why he’s been here for a decade total, and he keeps coming back to one thing: you can actually get things done. No red tape or bureaucracy, just interesting problems and the autonomy to solve them. That, and a culture where there are genuinely no dumb questions. Read the full interview to hear more from Nick, including why he'd have been Steve Young if things had gone differently: https://lnkd.in/erR6t9NZ

More and more Avant customers are adopting digital wallet, with usage skewing toward everyday purchases that happen multiple times a week. That frequency actually has a cumulative security benefit. When a customer pays with their digital wallet instead of their physical Avant Card, their 16-digit card number isn't transmitted. Instead, Mastercard's tokenization process substitutes a unique identifier and generates a one-time transaction code for every purchase, so if a terminal is compromised, an attacker doesn’t get reusable card credentials. The more often routine purchases run through the digital wallet, the more your actual card number stays out of transactions entirely. We’re building on this adoption with planned enhancements that will make digital wallet (and its security benefits) easier to access from the start: 🔹 Today, customers can add their card after receiving it in the mail.  🔹 Next, enrollment will be available directly from the mobile app, no physical card needed.  🔹 Once instant issuance launches, customers will be able to add their Avant Card to their digital wallet and start using it for purchases within minutes of approval. *Avant, LLC is a financial technology company, not a bank. Avant-branded credit products are issued by WebBank.

We're excited to share this milestone with our partners at Aperture Investors. This $300 million asset-based financing facility gives us flexible capital to fuel our continued growth — while staying true to the disciplined, data-driven approach our customers and partners count on. Thank you to the Aperture team for their continued partnership and confidence in Avant's platform. Full press release here: https://lnkd.in/guUu2dw2

Last week, Avantees came together for our quarterly Town Hall and our 2026 Summer Party. We're glad so many of us could make it in! And we missed everybody who couldn't. It was a genuinely great night, with good people and a lot to celebrate after a strong first half of the year. Even an air quality alert couldn't stop the fun—we just moved the party inside and kept it going. Thanks to everyone who came out. We had a blast. Here's to a strong back half of 2026. ☀️🍻