Avant Credit is the brain child of CashNetUSA founder Al Goldstein, former Enova V.P. John Sun and former CTO of Debtye – Paul Zhang. Avant wants to add a new credit approach to online lending by using big data. Currently operating in about 15 states, with Colorado and Texas coming soon.
The portfolio is around $10m, with $27.5m in funding according to Cranes Chicago Business.
Want to learn more about Al Goldstein? He cashed out of CashNetUSA back in 2007 for an estimated $265m where he personally reaped $70m. This year he was named Earnst and Young’s Entrepreneur of the Year for his work in Pangea properties. It’s been a meteoric rise for the 32-year old Goldstein.
