Overview

• Khosla Ventures led the Series E, with participation from General Catalyst, Caffeinated Capital, GIC, Electric Capital and Founders Fund.
• Aven is running live tests of a mortgage refinancing product and expects a broader rollout within six months, targeting cash-out refis in as fast as 10 days.
• The fintech says it has issued $3 billion in aggregate credit lines and saved customers more than $215 million in interest costs.
• Aven added high-profile advisers including Lawrence Summers and Patrick McHenry, with an advisory group that also features Kevin Warsh, Michael DeVito, Tim Mayopoulos and Jim Messina.
• Its HELOC-backed Visa cards, issued by Coastal Community Bank, aim to offer lower rates and 2% cash back, with Aven reporting delinquency performance in line with traditional HELOCs as Federal Reserve data show about 1.15% of HELOC borrowers 90+ days delinquent in Q2 2025.