Avant Reaches Another Milestone and Expands into Canada

Avant CEO Al Goldstein Since its launch in 2012, Chicago-based Avant has been rapidly ringing up milestones, raising over $300M in equity in 2014, completing its first acquisition in March, debuting a new product in April, and hitting $1B in loans in May. This week, the fast-growing consumer lending platform celebrates another milestone, announcing its expansion into Canada. Avant, which uses big data and machine-learning algorithms to improve and streamline the way consumers borrow money, will be operating under the name AvantCredit in Canada and will offer personal loans ranging from $2,000 to $15,000 CAD. (The service will only be available to residents Ontario and British Columbia at first). This move represents one of the first major U.S. lending platforms to expand into the Canadian market. Explained CEO Al Goldstein in a release, “Our mission is to lower the…

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