Aven, the credit card backed by home equity, has saved its customers more than $100M in interest since its founding. The team’s expansive vision to provide an accessible, efficient, and transparent avenue to capital aims to save consumers even more via new categories like auto-backed cards and refinance. HELOCs can take a month to secure from a traditional bank. With Aven, that time is reduced to as little as 15 minutes and customers save more than 50% on monthly interest rates. “We believe there’s no reason for anyone who owns an asset and has good credit history to use unsecured credit. Full stop. Unsecured credit is expensive and unhealthy. With our asset-backed credit cards, we give consumers credit for what they own - saving them thousands of dollars without sacrificing convenience.” -Sadi Khan, Aven’s CEO We’re proud to co-lead Aven's $142M Series D and welcome Sadi and the entire team to the GC family. Explore more from the Aven team (full release linked in comments) ↓
Martin Lowenthal
1mo
Great idea. Well done.
Press release → https://www.aven.com/press/series-d/