Aven – AI-driven fintech
Your home, your credit card.
Aven built the first HELOC-backed (a loan backed by your home's value) credit card, giving homeowners faster access to low-cost credit secured against their property. Its Home Equity Card offers unlimited 2% cash back, borrowing costs up to 50% lower than typical cards, and now a Rewards Card plus planned mortgage refinance products.
On Sept 10, Aven closed a $110M Series E at a $2.2B valuation, led by Khosla Ventures with General Catalyst, Caffeinated Capital, GIC, Electric Capital, and Founders Fund.
CEO Sadi Khan reports the customer base has tripled year-over-year, and more than $3B in credit lines have been issued, saving homeowners over $215M in interest. Aven calls its automation-driven platform "machine banking", leveraging robotics and machine learning to lower borrowing costs.
Could your house become your wallet?
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The project with the most votes becomes Fintech of the week.
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Murtada Shah Collin Wikman
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