$20M for AvantCredit’s Better Borrowing Experience
August 15, 2013
Online personal loan lender AvantCredit has secured $20 million in Series B financing led by existing investors August Capital and Victory Park Capital, putting the company's valuation around $124 million. The fresh funding comes just three months after AvantCredit announced a $34 million Series A round (which included $25 million in credit facilities). The company plans to use the new capital to grow its loan portfolio, fund geographic expansion and further its machine-learning lending platform.