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Based in San Francisco, California, Aven is a consumer financial technology company that provides United States homeowners with credit cards directly backed by their home equity. The platform operates as a fully digital alternative to traditional home equity lines of credit, issuing over $1.5 billion in credit lines to a user base of approximately 33,000 customers across 32 states. Operating with a workforce of around 53 employees, the firm generates more than $100 million in annualized revenue through interest charges and merchant interchange fees. Aven recently reached a $2.2 billion valuation following a $110 million Series E financing round, which was supported by prominent venture capital backers including Khosla Ventures, General Catalyst, and Founders Fund. The financial enterprise was originally founded in 2019 by former technology executives Sadi Khan, Collin Wikman, and Murtada Shah.
Aven has raised $250.0M across 2 funding rounds.
Aven has raised $250.0M in total across 2 funding rounds.
Aven is a fintech company that builds a home-equity-backed credit card, enabling homeowners to access low-interest, revolving credit using their property as collateral.[1][2][4] It serves U.S. homeowners seeking cheaper alternatives to traditional credit cards or HELOCs (home equity lines of credit), solving the problem of high-interest consumer debt by leveraging home equity for flexible borrowing on everyday or large purchases like renovations and debt consolidation.[1][2] As of July 2024, Aven has issued over $1.5 billion in credit lines to 33,000 cardholders, generating $100 million in annualized revenue, and achieved unicorn status via a $142 million Series D round, fueling nationwide expansion.[1][2]
Aven's core products include the Aven Home Card—a Visa card with cash-back rewards issued via Coastal Community Bank—and Aven Advisor, a free mobile app for financial insights.[1][4] Its backend uses real-time home valuations, automated underwriting, lien searches, and digital notary services to deliver a seamless experience, positioning it as a modernizer of asset-backed lending with plans to expand into auto lending and refinancing.[1]
Aven was founded in 2019 by Sadi Khan, Collin Wikman, and Murtada Shah, all former product, design, and engineering executives at Facebook and Square.[1][2] The trio spent five months researching home equity lending before dedicating nearly two years to developing the technical, legal, and financial infrastructure for a revolving credit product backed by home equity.[1] This culminated in a 2022 product launch in California, marking a pivotal moment after addressing complex challenges like real-time valuations and automated lien filings.[1]
Early traction built on their Big Tech expertise in scalable systems, leading to rapid growth: by mid-2024, Aven hit unicorn valuation with a $142 million Series D led by Khosla Ventures and General Catalyst, backed by investors like Founders Fund.[2] This funding enabled plans to roll out the Home Card to all 50 states.[2]
Aven stands out in consumer lending through:
These features deliver developer-like efficiency in fintech, prioritizing speed, pricing, and ease over legacy banking friction.[1]
Aven rides the fintech democratization wave, transforming illiquid home equity—trillions untapped in the U.S.—into accessible credit amid high interest rates and housing wealth concentration.[1] Perfect timing aligns with post-pandemic remote work boosting home values and digital finance adoption, where consumers demand app-based borrowing over branch visits.[1][2] Market tailwinds include rising credit card delinquencies and HELOC demand, positioning Aven against banks and startups by blending card convenience with secured lending security.[1]
It influences the ecosystem by pioneering asset-backed platforms, automating underwriting to lower barriers for underserved homeowners and inspiring adjacent expansions like auto lending, potentially reshaping $1T+ consumer credit markets.[1][3]
Aven's trajectory points to nationwide dominance and product diversification, with Series D fueling 50-state rollout and ventures into auto-backed credit and refinancing.[1][2] Trends like AI-driven valuations, embedded finance, and wealth inequality will accelerate its growth, as homeowners increasingly tap equity amid sticky high rates. Its Big Tech founders and $1.5B+ scale suggest evolving influence as a full-stack consumer finance "machine," challenging incumbents and unlocking trillions in assets—cementing its role as fintech's home equity pioneer.[1][3][4]
Aven has raised $250.0M in total across 2 funding rounds.
Aven's investors include Khosla Ventures, Breakthrough Energy Ventures, DFJ, Future Ventures, Galaxy Digital, Gigascale Capital, HOF Capital, Innovation Endeavors, Kleiner Perkins, Lowercarbon Capital, NEVA SGR, Safar Partners.
Aven has raised $250.0M across 2 funding rounds. Most recently, it raised $110.0M Series E in September 2025.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Sep 1, 2025 | $110M Series E | Khosla Ventures | Breakthrough Energy Ventures, DFJ, Future Ventures, Galaxy Digital, Gigascale Capital, HOF Capital, Innovation Endeavors, Kleiner Perkins, Lowercarbon Capital, NEVA SGR, Safar Partners, Starlight Ventures, Bill Gates, Stanley Druckenmiller, Caffeinated Capital, Electric Capital, Founders Fund, General Catalyst, GIC | Announced |
| Jul 1, 2024 | $140M Series D | Khosla Ventures, General Catalyst | Breakthrough Energy Ventures, DFJ, Future Ventures, Galaxy Digital, Gigascale Capital, HOF Capital, Innovation Endeavors, Kleiner Perkins, Lowercarbon Capital, NEVA SGR, Safar Partners, Starlight Ventures, Bill Gates, Stanley Druckenmiller, Caffeinated Capital, Electric Capital, Founders Fund, The General Partnership | Announced |
