Exclusive: Homeowner-focused fintech Aven raises $110 million funding round

Exclusive: Homeowner-focused fintech Aven raises $110 million funding round

Aven, a fintech startup known for its home-equity-backed credit cards, has raised $110 million in Series E financing at a $2.2 billion post-money valuation. The San Francisco-based company is one of a growing number of startups focused on helping U.S. consumers take advantage of the estimated $35 trillion in wealth tied up in their homes.  The latest round was led by Khosla Ventures, with participation from existing backers General Catalyst, Caf…

Aven raises $110M, expands into mortgage refinancing

Fintech Aven has raised $110 million in a Series E funding round, expanded into mortgage refinancing and added heavyweight advisers Lawrence Summers and Patrick McHenry to its board, the company announced Tuesday. The San Francisco-based fintech, best known for its home equity-backed credit card, is now valued at $2.2 billion following the round led by Khosla Ventures, with participation from existing investors General Catalyst, Caffeinated Capi…