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Based on the latest Federal Reserve information, the usa credit rating market size had been $3.4 billion in 2014, recording a 10% development on the $3.1 billion credit at the time of 2013. Avant, the latest entrant towards the Billion Dollar Unicorn club, is wanting to transform this industry to an on-line marketplace and it is seeing great success up to now.

Chicago-based Avant ended up being created in 2012 by serial business owner Al Goldstein, Paul Zhang, and John Sun. Through their experience with their initial ventures, Al knew that there clearly was an enormous possibility in supplying credit options to near-prime or mid-prime borrowers. He noted that the marketplace ended up being dominated by [...]