CHICAGO, January 11, 2022 / PRNewswire / – Before, a leading fintech company that gives unprivileged consumers the access to the financial solutions they deserve, today announced that it has surpassed one million customers for the Before Credit Card, issued by WebBank. By filling a market gap and providing access to transparent and affordable credit options to consumers traditionally underserved by the financial services market, the number of Avant credit card holders increased by 145% in 2021.
“The positive response to the Avant credit card demonstrates the value Avant brings to the market,” said Debtosh Banerjee, senior vice president of credit card for Avant. “We will continue to bring more value to our clients, giving them access to financial products that have traditionally only been offered to a small and affluent customer segment. We take our customers’ trust seriously and will continue to work hard to provide them with the best With Avant Credit Card named the third fastest growing card company in the United States by Nilson was a great recognition. We believe the opportunity to support underserved, unprivileged customers is significant, and we look forward to reaching new heights this year. “
The Avant credit card offers competitive rates and a quick and easy application process, which has been well received by non-privileged consumers over the years. By establishing this ease of use as a standard practice, Avant is creating an open path for those who may not have had positive experiences with financial institutions before. Avant’s rapid growth is a testament to the company’s continued investment in product, platform and marketing. Using innovative technology and proprietary analytics, Avant has been able to meet the growing needs of an underserved market.
“We have experienced incredible growth since the launch of the Avant credit card in 2017, and we are honored to have empowered so many people in their financial journey,” says Matt Bochenek, CEO of Avant. “Every consumer deserves access to innovative financial solutions, and our mission is to provide them with that. We are excited and looking forward to continuing to take milestones like this. “
The milestone of one million customers follows the Before Bank launch, which is the latest addition to Avant’s expanding product portfolio. To learn more about the Avant credit card, visit https://www.avant.com/credit-card/.
Avant provides access to a full ecosystem of digital financial products, including personal loans, credit cards, mobile banking and auto refinancing, to ordinary American consumers. Through a combination of technology, analytics and superior customer service, Avant gives underserved and unbanked consumers access to credit with innovative products that simplify and improve their financial journeys. Since 2012, Avant has connected nearly 2 million customers to $ 7.5 billion in loans and over a million credit cards. A high-growth fintech company, Avant has been featured in The Wall Street Journal, The New York Times, TechCrunch, Fortune and Bloomberg, and has raised more than $ 650 million equity. For more information on Avant, visit www.avant.com.
Before, LLC was a financial technology company, not a bank. Banking services are provided by Evolve Bank & Trust. Avant brand credit products are issued by FDIC member WebBank.