AvantCredit Reports $34 million Funding Round

“This funding will allow us to grow our internal technology and analytics capabilities so that we can continue to offer our customers great online credit products that are lacking in today’s market,” John Sun, the company’s co-founder, said in a release.

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To date, the one-year-old lender has built a loan portfolio valued at more than $4 million, and it plans to grow to become a $1 billion business over the next half-decade.

Read the full report here.