| Founded | 2012 |
|---|---|
| Closed | 2023 |
| Country | USA |
| Sector | Fintech |
| Total raised | 600 |
| Collapse type | Mass Layoff Spiral |
| Founder | Albert Goldstein |
Avant
"Fintech lending darling raised $600M to serve middle-market credit — then learned that middle-market credit is hard for good reasons"
Cascading layoffs that accelerated the decline
Key Events Timeline
Avant offered personal loans to middle-market borrowers — not prime, not subprime, but the segment between them.
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