Avant plans growth, jobs in downtown Chicago

CHICAGO — In June, marketplace lending platform Avant announced plans to occupy 80,000 square feet in Chicago and hire several hundred employees. The company now plans to hire even more than it originally anticipated with at least 600 new jobs in 2016.

The company also plans to add an additional 40,000 square feet to allow even more space for growth at 222 N. LaSalle in downtown Chicago.

“In less than three years we have grown from a three-man startup to adding 670 jobs to the economy,” said Avant CEO Al Goldstein. “We plan on hiring an additional 300 employees this year and by the end of 2015, expect to employ approximately 1,000 people. We look forward to creating more jobs in the future.”

Avant’s innovative business model is driven by big data and machine-learning algorithms that have transformed the traditional personal loan process into a streamlined, customer-friendly experience. Nearly half of applicants are approved in real-time and customers can receive funding as soon as the next business day. To date, $1 billion in loan originations have been issued through the Avant technology platform, providing funding for more than 200,000 customers.

Source: Avant

Source: Crain’s Chicago Business

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Kelley Chambers

Kelley Chambers is a writer and editor with more than 10 years of experience covering news in Oklahoma. He has worked for the The Oklahoman, was editor-in-chief of The Vista at the University of Central Oklahoma, served as writer and later editor-in-chief of okcBIZ magazine,...