T oday, six-year-old fintech lender Aven announced a new $110 million fundraise at a $2.2 billion valuation, up from $1 billion about a year ago. The Series E financing was led by Khosla Ventures, with existing backers General Catalyst, Caffeinated Capital, GIC, Electric Capital and Founders Fund also participating. The news comes the same week that eight-year-old home equity lender Figure is slated to go public at a $4 billion valuation.
Aven serves a niche of U.S. homeowners with above average credit scores, helping them tap into their home’s equity to earn lower interest rates, and injecting that borrowing power onto a credit card. Yet…
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