Aven (finance company)

Aven Holdings, Inc.
TypePrivate
IndustryFinancial technology
Founded2019 (2019)
Founders
  • Sadi Khan
  • Murtada Shah
  • Collin Wikman
HeadquartersCampbell, California, United States [1]
Key people
  • Sadi Khan (CEO)
  • Murtada Shah (Head of Operations)
  • Collin Wikman (Head of Design)
Products
  • Asset-backed loans
  • Home equity line of credit (HELOC)
  • Home equity loan
  • Mortgage refinancing
  • Credit cards
  • Personal finance software
Number of employees
80 (2026)[2]
Websiteaven.com

Aven Holdings, Inc., commonly known as Aven, is an American financial technology company headquartered in Campbell, California. Founded in 2019, by Sadi Khan, Murtada Shah, and Collin Wikman, the company specializes in asset-backed lending, home equity lines of credit, home equity loans, mortgage refinancing, bitcoin-backed loans, rewards credit cards, and personal finance software.[3][4][5][6][7]

Aven is known for a home equity line of credit that can also be used as a credit card.[6] The card offers lower interest rates than typical credit cards and, unlike traditional home equity lines of credit, provides cash back on purchases.[8]

As of 2026, Aven operates across the United States and primarily serves borrowers with high credit scores.[2][9][10][11]

History

Sadi Khan, Murtada Shah, and Collin Wikman founded Aven in 2019 to help homeowners reduce the interest they pay on their debt.[12] While researching ideas for a new startup, they discovered inefficiencies in consumer borrowing, including a large difference between the average interest rate, or APR, for credit cards and home equity lines of credit (HELOC) and the long underwriting process to get approved for a HELOC.[13]

Khan, Shah, and Wikman created a new type of credit card called the Aven Home Card, which they launched in 2022.[14] The Aven Home Card is backed by a HELOC, as opposed to the unsecured debt of a traditional credit card.[4][15] It combines the low rates of a HELOC with the fast application process and cash-back rewards typical of a credit card.[8][16][17]

Aven expanded into mortgage refinancing, including cash-out refinances, in September 2025.[18]

As of 2025, Aven has raised $390 million in venture-capital financing from investors, including Caffeinated Capital, Electric Capital, Founders Fund, General Catalyst, The General Partnership, GIC, and Khosla Ventures.[1][9][19] Its last publicly reported valuation was $2.2 billion in September 2025.[1][2]

In January 2026, Aven announced it had contributed funding to support the creation of a Santa Clara, California-based de novo federal credit union, Haven Federal Credit Union. The initiative was described by Aven CEO Sadi Khan as part of the company's mission to lower borrowing costs for consumers, particularly homeowners.[2] Haven Federal Credit Union received its federal charter from the National Credit Union Administration in December 2025 and is only one of three charters granted in 2025.[20] The credit union operates independently from Aven and is member-owned, but Khan and another Aven employee were reported to have been appointed to its board of directors.[2][21]

In April 2026, Aven introduced the Aven Bitcoin Visa Card, a bitcoin-backed line of credit and the company's first asset-backed credit card not backed by home equity.[22] The card allows someone to borrow up to $1 million against their bitcoin holdings without having to sell the underlying digital asset pledged as collateral.[22][23]

Business model

Aven uses automation, data, and technology to process, evaluate, and approve loans. The company says its automation and technology lowers its operating costs, which it can then pass onto consumers as lower interest rates for its credit products.[24][25] Aven also invented and patented a robotic arm to support remote online notarizations to help make processing its HELOC application faster.[24][25][26][27] According to the loan provider, its application can be completed in minutes, and approved borrowers typically receive their credit cards within one week.[10][28]

Aven's customers are primarily high-earners with an income of more than $100,000 and “prime” or “super-prime” borrowers with FICO credit scores of 720 or more.[10][13][24]

Aven is a financial technology company and not a bank. It does not have a bank charter and works with Coastal Community Bank, a Washington state-chartered bank, to provide loans to consumers.[2][29] The company funds its loans through a partner bank and raising capital from investors through a loan securitization program.[2][30]

Products and services

Aven offers asset-based credit products, including a HELOC-backed credit card, a traditional home equity line of credit, home equity loans, and a bitcoin-backed line of credit.[4][6][22] The company provides access to a credit line using a homeowner's home equity or bitcoin as collateral.[6][8][31]

A man is holding an Aven Home Card, which is a Visa credit card, in his hand. He is standing outside in the snow, which is visible along with trees in the background of the photo.

The Aven Home Card is structured as a HELOC with credit limits ranging from $5,000 to $400,000.[6] The credit card operates on the Visa network and earns cash back on purchases.[6][28][32] Borrowers can also cash out funds to a personal bank account, similar to withdrawals from a traditional home equity loan or HELOC.[33]

In addition to home equity-backed credit products, Aven offers a bitcoin-backed loan product. In April 2026, the company launched the Aven Bitcoin Visa Card, a bitcoin-backed line of credit that allows a bitcoin holder to borrow against their bitcoin without selling the asset.[22] The product works similar to the company's home equity-backed credit cards, but uses cryptocurrency as the underlying collateral instead. The card provides access to a credit line of up to $1 million and includes fixed-rate and fixed-term borrowing options with terms of up to 10 years.[23] Interest rates depend on the loan-to-value ratio of the deposited bitcoin and not a borrower's credit score.[22] The bitcoin collateral is held by the cryptocurrency custodian BitGo.[22][23][34] According to Forbes and The Block, the product was positioned as an alternative to traditional bitcoin-backed loans, which typically offer shorter repayment terms and higher interest rates.[22][23]

Aven also offers a standard rewards credit card that is not backed by a borrower's home or other assets. The Aven Rewards Visa Card provides cash back on purchases. Rewards are earned as points and can be redeemed as statement credits or for travel and hotel bookings through the company's travel portal.[35]

As of 2026, Aven has issued more than $4 billion in loans to more than 75,000 borrowers since launching in 2020.[2]

The company also has a free personal finance app called Aven Advisor, which helps consumers track their spending, consumer debts, and net worth.[14][36]

See also

References

  1. 1 2 3 "Aven: Company Overview & News". Forbes. Retrieved 18 March 2026.
  2. 1 2 3 4 5 6 7 8 Kauflin, Jeff (21 January 2026). "Why A Fintech Unicorn Is Donating Millions To Start A Credit Union". Forbes. Retrieved 18 March 2026.
  3. ↑ Walton, Francesca (19 February 2026). "The Future Of Real Estate: Fintech 50 2026". Forbes. Retrieved 18 March 2026.
  4. 1 2 3 Cocheo, Steve (4 July 2022). "High Rates & Tight Housing Spells Bleak Outlook for Mortgage Lending". The Financial Brand. Retrieved 18 March 2026.
  5. ↑ Furlan Nunes, Flávia (9 September 2025). "Fintech Aven raises $110M, expands into mortgage refinancing". HousingWire. Retrieved 18 March 2026.
  6. 1 2 3 4 5 6 Neubauer, Kelsey (16 January 2026). "Aven home equity review: earn 2% cashback while tapping into your home equity". CNBC. Retrieved 18 March 2026.
  7. ↑ Albu, Sinziana (29 April 2026). "Aven launches bitcoin-backed Visa credit card with BitGo". The Paypers. Retrieved 19 May 2026.
  8. 1 2 3 Cole, Nick (12 June 2023). "Aven HELOC Card: 5 Things To Know About the Home Equity Credit Card". Clark.com. Retrieved 18 March 2026.
  9. 1 2 Carter, Matt (17 July 2024). "Aven lands $142M in funding to take HELOC credit card nationwide". Inman. Retrieved 18 March 2026.
  10. 1 2 3 Walton, Francesca (18 February 2025). "The Future Of Real Estate: Fintech 50 2025". Forbes. Retrieved 18 March 2026.
  11. ↑ Yale, Aly J. (30 April 2026). "5 Best No-Appraisal Home Equity Loan Lenders of May 2026". Money. Retrieved 19 May 2026.
  12. ↑ Mathias, Gloria (19 July 2024). "Aven raises $142m in Series D to bring home equity-backed credit card". IBSi FinTech Journal. Retrieved 23 March 2026.
  13. 1 2 Kauflin, Jeff (17 July 2024). "Inside Fintech's Newest Unicorn: A Credit Card Backed By Your Home". Forbes. Retrieved 18 March 2026.
  14. 1 2 Kovaleski, Dave (18 July 2024). "Aven gets funding for credit card backed by home equity". Financial Regulation News. Retrieved 18 March 2026.
  15. ↑ Willems, Adam (2 October 2025). "Inside Aven's Founder Chic: Sadi Khan on Equity, Credit, and Cognitive Load". Fintech Nexus. Retrieved 19 March 2026.
  16. ↑ Bratton, Jae (20 December 2023). "You can use your home or car as collateral to get a credit card. Should you?". The Seattle Times. Retrieved 18 March 2026.
  17. ↑ Olick, Diana (23 July 2024). "New credit card Aven taps home equity". CNBC. Retrieved 18 March 2026.
  18. ↑ "Home-equity startup Aven hits $2.2B valuation with $110M raise". The Real Deal. 11 September 2025. Retrieved 18 March 2026.
  19. ↑ Davis, Dominic-Madori (20 February 2025). "60 US startups became unicorns in 2024: Here's the full list". TechCrunch. Retrieved 18 March 2026.
  20. ↑ "NCUA Charters Haven Federal Credit Union" (Press release). National Credit Union Administration. 8 December 2025. Retrieved 18 March 2026.
  21. ↑ Diekmann, Frank (28 January 2026). "Fintech Explains Why It's Donated 'Millions' to Get New CU Off the Ground". The CUDaily. Retrieved 18 March 2026.
  22. 1 2 3 4 5 6 7 Kauflin, Jeff (27 April 2026). "For Bitcoin Holders, Aven's New Credit Card Offers 7.99% Interest Rate". Forbes. Retrieved 19 May 2026.
  23. 1 2 3 4 Kuhn, Daniel (27 April 2026). "Aven bitcoin Visa card will offer BTC-backed line of credit of up to $1 million". The Block. Retrieved 19 May 2026.
  24. 1 2 3 Harris, Ainsley (9 September 2025). "Exclusive: Homeowner-focused fintech Aven raises $110 million funding round". Fast Company. Retrieved 18 March 2026.
  25. 1 2 Pellet, Jennifer (5 May 2026). "How To Set Strategy At The Speed Of Disruption". Chief Executive. Retrieved 19 May 2026.
  26. ↑ US patent 11899859, Usman Ghani; Andrew Gray; Sadi Khan; Wendy Beth Oliver; Murtada Shah; Collin Wikman, "System and method for the use of a signature machine to create a remote original signature", published 10 February 2022, issued 13 February 2024, assigned to Aven Holdings, Inc.
  27. ↑ "2025 Vanguard: Sadi Khan". HousingWire. 2 September 2025. Retrieved 18 March 2026.
  28. 1 2 Borrelli, Lena (5 February 2026). "Fastest HELOC Lenders of 2026: Top 5 for Quick Approval and Funding". The Mortgage Reports. Retrieved 18 March 2026.
  29. ↑ "BankFind Suite: Coastal Community Bank". FDIC BankFind Suite. Federal Deposit Insurance Corporation. Retrieved 18 March 2026.
  30. ↑ Szkutak, Rebecca (11 November 2025). "How founders can prepare for their late-stage fundraises from the start". TechCrunch. Retrieved 18 March 2026.
  31. ↑ Rathner, Sara (11 February 2026). "Credit card trends to watch for in 2026". Boston Herald. Retrieved 18 March 2026.
  32. ↑ Finkelstein, Brad (5 December 2025). "From HELOCs to blockchain: home equity moves forward". National Mortgage News. Retrieved 18 March 2026.
  33. ↑ Proctor, Clint (14 August 2025). "Aven HELOC Visa Review". Forbes. Retrieved 18 March 2026.
  34. ↑ "Crypto Currents: Robinhood crypto revenue collapses in Q1". Business Insider. 1 May 2026. Retrieved 19 May 2026.
  35. ↑ Merritt, Jessica (7 May 2026). "Aven Rewards Visa Card 2026 Review". U.S. News & World Report. Retrieved 19 May 2026.
  36. ↑ Pathe, Tyler (18 July 2024). "US fintech Aven's valuation tops $1bn with latest $142m Series D capital raise". FinTech Futures. Retrieved 18 March 2026.
This page is issued from Wikipedia. The text is available under Creative Commons Attribution-Share Alike 4.0 unless otherwise noted. Additional terms may apply for the media files.