Aven
Aven is a fintech company offering a home equity-backed credit card with low interest rates and cash back rewards.
Secondary Market Price
Secondary Market Price
Secondary Market Price Chart
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Company Description
Aven is a financial technology company that provides homeowners with a credit card backed by their home equity. The product functions like a standard credit card but offers interest rates comparable to a home equity line of credit (HELOC). The company uses technology to offer a streamlined digital application process, with no annual fees, origination fees, or prepayment penalties. Founded in 2019 in San Francisco, California, Aven was established by Sadi Khan, Usman Ghani, Collin Wikman, and Murtada Shah and was formerly known as Heracles Holdings. Since its inception, the company reports that it has saved its cardholders more than $200 million in interest payments.
Looking forward, Aven plans to expand its product availability to homeowners in all 50 states. The company is also developing what it calls a "machine banking" platform, which incorporates technologies such as robotic arms for remote notarizations and automated compliance systems. This development supports Aven's stated mission to reduce the cost of capital for consumers. The company's growth is supported by significant venture funding, including a recent Series E round that raised $110 million and valued the company at $2.2 billion. This followed a Series D round in July 2024 that brought the company to unicorn status.
- General Catalyst
- Khosla
- Founders Fund
- GIC
- Caffeinated Capital
- Co-Founder, CEO Sadi Khan
- Co-Founder, Collin Wikman
- Co-Founder, Murtada Shah
Peer Group Comparison
Vs Peer Group of >$4B Startups
How Aven Measures Up
To help you manage your Aven equity, Prospect has run the company through our machine learning model.
Prospect Rating
3X
Based on our analysis, we project Aven will be worth at least 3x its current value in 4 years. For an employee with stock, our 3X rating on Aven suggests a strong potential for their equity to increase significantly in value.
Exit Risk
Low Risk
Our Low Risk rating for Aven is based on its recent 3x revenue growth, a user base exceeding 160,000 members, and support from top investors, all of which point to a lower likelihood of the company failing to reach a liquidity event for employees when compared to other startups.
Funding Stage
Series E
A Series E funding round indicates Aven is a mature company, well beyond the volatile early startup years. For you, this suggests a more stable work environment with established processes, differing from the unpredictability of a younger startup.
Frequently Asked Questions
Joining Anduril as an employee is another way to acquire equity, typically through stock options included in compensation packages.
Is Aven worth joining?
Aven shows strong signs of potential, with 3x revenue growth in the last year and backing from top-tier investors like Sequoia Capital and Founders Fund. To make an informed decision, you can use a platform like Prospect to analyze the company’s data and project what your equity could be worth.
What should I do with my Aven stock?
Managing stock in a private company like Aven requires understanding your equity agreement and the associated tax implications. Tools from Prospect can help you create personalized strategies for exercising options and managing your shares to maximize their post-tax value.
Can you sell Aven stock?
As Aven is a private company, selling stock is typically restricted and depends on company policies and the availability of secondary markets. Platforms like Prospect can provide data on secondary market pricing and help you plan for future liquidity events.
How can I find the value of my Aven stock?
The value of private stock is often determined by the company's most recent 409A valuation or the price set during its latest funding round. You can use a platform like Prospect to get independent projections on your equity's potential worth based on company data and market trends.
What is Aven's equity worth?
Aven's most recent valuation is between $1 billion and $3 billion, which provides a high-level benchmark for the company's total equity value. To understand what your specific equity grant might be worth, you can use tools on Prospect that analyze company performance and project future value.
What is Aven's stock ticker symbol?
Aven does not have a stock ticker symbol because it is a private company. Ticker symbols are only assigned to companies when they become publicly traded on a stock exchange.
Can I buy or sell Aven stock?
Since Aven is not publicly traded, you cannot buy its stock through a public brokerage account. Selling shares is typically limited to company-approved secondary market transactions or tender offers, which may not always be available.
What is the criteria to buy or invest in Aven stock?
Investing in a private company like Aven is generally restricted to accredited investors or venture capital funds that participate in organized funding rounds. Employees may also receive equity as part of their compensation package, which is the most common way for individuals to acquire stock.
