Aven, a company that offers home equity-backed credit cards and sits solidly in the proptech – fintech spectrum, has achieved unicorn status with a $142 million Series D investment led by Khosla Ventures and General Catalyst. The company’s flagship product, the Aven Home Card, allows homeowners to access their home equity with lower interest rates and no annual fees, providing significant savings compared to traditional credit cards. With over $1.5 billion in issued credit lines and expansion plans across all 50 states, Aven aims to revolutionize consumer credit by leveraging home equity more efficiently.

Aven Reaches Unicorn Status with $142 Million Series D Investment to Bring the World’s First Home Equity-backed Credit Card to Homeowners in All 50 States