Amount Raised
$250 Million
Round Type
Funding Round
ChicagoInformation TechnologyFinancial ServicesMobileCommerce And ShoppingArtificial IntelligenceLending And InvestmentsDescription
WebBank announced today it has committed to invest up to $250 million in the obligations of a securitization structure sponsored by Avant that are secured by credit card receivables. The investment will be used to meet the continuing demand and growth of the Avant® MasterCard® Credit Card issued by WebBank. WebBank’s investment will be applied over a three-year revolving term.
Quick answer
Avant raised $250 Million in a Funding Round round, dated July 14, 2022. Avant is based in Chicago, Illinois, United States.
- How much did Avant raise?
- Avant raised $250 Million in a Funding Round round on July 14, 2022.
- What does Avant do?
- Avant is dedicated to building premier digital banking solutions for the middle class through a combination of technology, analytics and superior customer service.
- Where is Avant based and how big is it?
- Avant is based in Chicago, Illinois, United States. Fundz records about 980 employees.
- Who are the decision-makers at Avant?
- Fundz holds 1 contact at Avant, including the Co-Founder, Chairman & CEO. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Financial Services and Mobile around the same time
Companies in the same sectors as Avant that raised within 45 days of this round, from Fundz verified event records.
- Mural raised $5.6M (Funding Round) on August 23, 2022.
- Faraday Future Intelligent Electric raised $600M (Funding Round) on August 16, 2022.
- Faraday Future Intelligent Electric raised an undisclosed amount (Funding Round) on August 15, 2022.
- Reorg raised an undisclosed amount (Corporate Round) on August 1, 2022.
- Reltime raised $50M (Funding Round) on July 27, 2022.
- Residently raised $5.9M (Funding Round) on July 21, 2022.
Who to call at Avant, and when
A new round usually means Avant is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Avant raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Avant, from your own LinkedIn network
Works inside ChatGPT and Claude. Ask who to call at Avant. With Fundz connected, it knows.
AI made execution free. Knowing first is the whole game now.
Fundz sees it the moment Avant raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Related People
Avant raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
145 of these a day, filtered to the companies you pick, with the decision-maker attached.
5 screens from a live account. No signup.