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avant
Overview
Avant, formerly AvantCredit, is a Chicago-based fintech company operating in the consumer lending sector. Leveraging data science and machine learning algorithms, Avant provides personal loans and credit cards to near-prime consumers who may not qualify for traditional banking products. Their key business focus is on utilizing a digital-first approach to streamline the application and approval process, offering a personalized borrowing experience through risk-based pricing. Avant competes in the crowded online lending space by focusing on its proprietary technology for risk assessment and customer acquisition, aiming for profitable growth within the challenging near-prime market segment.
avant's headcount breakdown by department
| Department | HeadCount |
|---|---|
Administrative | 19 |
Consulting | 3 |
Service | 27 |
Design | 0 |
Education | 1 |
Finance | 43 |
Management | 13 |
Hr | 3 |
Legal | 23 |
Marketing | 4 |
Medical | 0 |
Operations | 19 |
Department | 42 |
Product | 13 |
Management | 1 |
Estate | 0 |
Research | 26 |
Sales | 9 |
Technical | 49 |
Trades | 1 |
Avant's department distribution underscores its identity as a technology-driven fintech company heavily invested in data science and algorithmic lending. The Technical department, as the largest, highlights the importance of maintaining and developing their proprietary platform and credit risk models. The substantial presence of the Finance department reflects the rigorous regulatory requirements and financial management necessary for a lending institution, particularly one dealing with consumer credit. The Customer Service department's size demonstrates a commitment to supporting borrowers throughout the loan lifecycle, a critical factor for maintaining customer satisfaction and managing default rates. While the Marketing department appears comparatively small, it suggests a strategic reliance on data-driven digital marketing and online customer acquisition channels. The relatively lean Sales department further solidifies this model, indicating less emphasis on traditional outbound sales activities. The Legal department signifies the paramount importance of navigating the complex regulatory landscape of the financial services industry and ensuring compliance. This organizational structure portrays a fintech company prioritizing technology, risk management, and customer support, crucial for sustainable growth and profitability in the competitive consumer lending market.
avant's employees by locations
Employee Count by Country
Total: 296 employees
Avant's global workforce distribution exhibits a strong domestic focus, with the vast majority of its employees based in the United States. This concentration aligns directly with its core business strategy of serving the US near-prime consumer lending market. The scattering of employees across various other countries, while seemingly diverse, likely represents a combination of strategic factors rather than a full-scale international expansion. The presence of small teams in Latin America (Brazil, Chile, Colombia, Mexico) and Asia (India, Philippines, Singapore, Pakistan) may indicate the utilization of remote tech talent, outsourced customer support operations, or preliminary exploration of potentially underserved markets. European presence (Germany, Spain, Belgium) is minimal, perhaps related to smaller-scale technological talent acquisition. Given the relatively small employee counts in these international locations, it's probable that Avant is leveraging global talent for specific functions or conducting early-stage market research before committing to significant international expansion. The overall geographic distribution emphasizes a primarily US-centric operation, with potential for future international growth pending further market analysis and strategic evaluation.
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