# Avant

Avant is an Asset Manager based in Chicago, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Chicago, United States
- **Region:** North America
- **Address:** 222 W Merchandise Mart Plaza, Suite 900, Chicago, IL 60654, United States
- **Founded:** 2022
- **Assets under management:** Undisclosed
- **Website:** avant.com
- **LinkedIn:** https://www.linkedin.com/company/cybarc

## Regulatory record

- **CRD number:** 330991
- **SEC file number:** 801-130101
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/330991

## About

Avant provides personal loans and credit cards to help customers move financially forward. Since 2012, people have looked to Avant for solutions to take charge of their financial lives. Avant champions every customer on their financial journey, with a mission to empower them with innovative solutions designed to help them reach their goals.

## Sectors

- FinTech
- Private Credit
- Financial Services

## People

- Al Goldstein — Executive Chairman & CEO
- Margaret Hermes — Chief Operating Officer
- Charles Whittaker — Chief Product Officer
- Kevin Friedrich — Chief Financial Officer
- Paul Zhang — Cofounder, Chief Information Officer
- Tim Schlueter — Chief Revenue Officer
- Nikhil Mehra — Chief Risk Officer
- Nick Wolff — Chief Technology Officer
- Julie Halperin — General Counsel & Corporate Secretary
- Robert Reynolds — Head of Customer Acquisition
- Tyler Palin — General Manager, Personal Loan

## Questions

### How does Avant's partnership with WebBank work?

WebBank, a Utah-chartered industrial bank, is the legal issuer of Avant-branded personal loans and credit cards. This structure allows Avant to operate nationally without holding its own bank charter, by relying on WebBank's regulatory preemption of state-level interest-rate caps. Avant handles the marketing, underwriting, servicing, and customer relationship, effectively functioning as the operating partner behind the bank's lending authority.

### Who are Avant's main competitors?

Avant competes most directly with Upgrade, LendingClub, and OneMain Financial — all of which target near-prime borrowers with unsecured installment loans and credit-building cards. In the card product specifically, it also competes with Credit One and the secured-card arms of larger issuers. The broader competitive set includes any fintech offering debt consolidation at origination fees of 1–5 percent.

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Last updated: 2026-08-11T15:06:13.093Z

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