Aven Reaches $1 Billion Valuation with Home Equity Credit Card, $100 Million Revenue

Jul 17, 2024, 08:55 PM

Aven, a startup that integrates a home equity line of credit into a credit card, has achieved a $1 billion valuation. The company offers loans of up to $250,000 and has grown its revenue threefold over the past year, now exceeding $100 million annually. Despite having only 53 employees, Aven has saved its customers more than $100 million in interest since its founding. The company is backed by big-name investors and aims to provide an accessible, efficient, and transparent avenue to capital.