Marketplace lending platform, Avant, announced on Monday it has surpassed $3 billion in loan originations in the past three years. With 440,000 customers worldwide, Avant is changing the way consumers borrow by lowering the costs and barriers of borrowing.
Founded in November 2012, Avant has reportedly demonstrated remarkable growth since inception and achieved a year-over-year growth rate in revenue of approximately 400% this past year. Nearly $2 billion in loans were originated through the Avant platform in 2015 alone and the company projects to double its loan portfolio to $6 billion in 2016.
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