CHICAGO, Jan. 23, 2015 /PRNewswire/ -- AvantCredit, one of the fastest-growing online consumer lending companies that is transforming consumer finance, announced today that it has been ranked sixth on the Forbes annual list of America's Most Promising Companies for 2015.
AvantCredit is the only Midwest-based company in the top 10 and is the highest ranked company in the banking industry. In just two years, the company became the most funded Chicago company of 2014, secured more than $1 billion in funding, grew its loan portfolio to nearly $600 million in loans and serviced more than 100,000 customers to-date.
"Inclusion on Forbes' list of America's Most Promising Companies represents much more than rapid growth; it signifies that we have the business model and sophisticated technology in place to sustain our momentum for years to come," said Al Goldstein, AvantCredit's Co-Founder and Chief Executive Officer. "This milestone is a direct result of our strong team we've assembled over the past two years. Our shared passion for transforming consumer finance allows us to provide consumers with better access to the credit they need to enhance their lives."
Forbes' list ranks high-growth, privately held companies with under $300 million in annual revenue based on revenue and employee growth rates, age, operating margins, capital raised, product ideas, management and other factors. To view AvantCredit's full profile, click here.
AvantCredit is changing the way online banking customers borrow money. Utilizing advanced algorithms and machine-learning capabilities, the company offers a unique and highly customized approach to the personal loan process. The combination of technology, analytics and customer service capabilities allows the company to offer an easy-to-use online process for loans to borrowers, all entirely online. Find out more at AvantCredit.com.
CONTACT: Ashley Currie, 312-396-9763, [email protected]