Aven
Aven is a U.S. financial institution offering credit cards and lines of credit backed by home equity, with the stated goal of providing access to low-cost, transparent capital.
About Aven
Aven, credit backed by home equity
Aven is a U.S. financial company that markets credit products tied to home equity. Its offering is built around Visa cards and cash lines that allow homeowners to access the equity accumulated in their property. The company states it has funded more than $3 billion to customers and generated cumulative interest savings of over $215 million, according to its own calculations.
Credit products and accounts
The product lineup includes several options:
- Aven Home Equity Visa Card, which allows home equity to be used as collateral for credit.
- Aven Home Equity Cash Rewards Visa Card, with cash rewards.
- Aven Flexible Cash, a flexible cash line.
- High-Yield Checking account.
- Aven Bitcoin Visa Card.
The company also offers a mobile app to manage accounts and products.
Business model and transparency
The company presents itself as an alternative to traditional banking, with a focus on transparency and reducing the cost of capital. According to its own description, its mission is to deliver the lowest-cost and most transparent access to capital at scale, providing credit based on the assets the customer owns. The company states that its products avoid the usual problems of traditional banking and that checking your offer does not affect the applicant's credit score.
Institutional backing and partnerships
Aven has an advisory board that includes Jim Messina, former White House Deputy Chief of Staff; Patrick McHenry, former Chairman of the U.S. House Financial Services Committee; Michael DeVito, former CEO of Freddie Mac; and Timothy Mayopoulos, former CEO of Fannie Mae. The company states it is backed by top-tier investors.
Aven accounts are arranged by Aven Financial, Inc., which operates under the trade name Aven (or AvenCard in Arkansas, Idaho, and Pennsylvania), with NMLS number 2042345. Visa credit cards are issued by Coastal Community Bank, Member FDIC and Equal Housing Lender, with NMLS 462289.
User ratings
The company shows an average rating of 4.9 out of 5 based on 10,691 reviews, according to the data it publishes on its website.
Activity and presence
Aven maintains a careers section with open opportunities and publishes content on its blog, in addition to having press and partnerships sections. The company is headquartered in San Francisco, California.
Location and contact
548 Market St #99555, San Francisco, California 94104-5401, USA · Email: support@aven.com
Credit cards backed by home equity