Funding Deal Values Avant at Nearly $2 Billion

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Avant Inc., an online lender that focuses on borrowers with lower credit scores, has raised $325 million in a fundraising round that values the company at nearly $2 billion, according to people familiar with the deal. The funding round is being led by General Atlantic LLC, the Chicago-based company said. The valuation the private company achieved is roughly double the valuation it saw in a fundraising round a year ago.

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