← Embedded Finance Index 2026

Aven

“Can an AI-powered, asset-backed credit card platform expand from home equity to become the lowest-cost, multi-collateral 'machine banking' platform for American homeowners and asset holders?”

Founded2019
HQSan Francisco, CA, USA
FoundersFormer Facebook executives, Former Square executives
Total raised$372M+
Latest roundSeries E, September 2025
Valuation$2.2B post-money (2025)
IndustryFintech / Consumer banking
The story

Founded in 2019 by former Facebook and Square executives, Aven initially focused on a single product: a Visa credit card combining a home equity line of credit (HELOC), targeting US homeowners locked out of low-cost credit. By 2024 it had issued $1.5B in credit lines and reached unicorn status. The Series E in 2025 marked a strategic pivot toward a broader 'machine banking' platform — expanding beyond home equity into mortgage refinancing, unsecured rewards credit, and in 2026, bitcoin-backed credit lines — positioning Aven as an AI-driven, asset-backed lending platform across multiple collateral classes.

Last 12 months
2025-09
2026-04
Product timeline
2019
Aven founded by former Facebook and Square executives in San Francisco.· pivot
2022
Launched the Aven Home Card, a Visa credit card backed by home equity (HELOC), allowing homeowners to access equity in minutes.· card
2024
Raised $142M Series D led by Khosla Ventures and General Catalyst, achieving unicorn status at $1B+ valuation; issued over $1.5B in credit lines.· banking
2025
Raised $110M Series E at $2.2B valuation; launched Rewards Visa card and Home Equity Cash product; announced expansion into mortgage refinancing and multiple new asset classes.· lending
2026
Launched Aven Bitcoin Visa Card, a BTC-backed credit line of up to $1M, with BitGo as custodian and Coastal Community Bank as issuer.· card
The stack
5 layers disclosed in Aven’s embedded-finance stack
Banking / BaaS
Coastal Community Bank (sponsor bank)
Card issuing
in the full report
Lending
in the full report
Sponsor bank
in the full report
Crypto
in the full report
Accounting gap: none
8 more providers across 4 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.