US Fintech Avant acquires Zero Financial & Level
American fintech Before announced on Wednesday that it had completed the acquisition of Financial zero and neobank Level. Avant said the acquisition of Level will allow it to expand its reach by offering digital banking experiences to its U.S. customers.
According to Avant, Level offers cash back rewards on debit card purchases, a competitive APY on deposits, early access to paychecks and no hidden fees.
“Focused on customer experience, Level’s fully digital branchless platform offers a better way to do banking and is highly rated, receiving excellent reviews for no hidden fees, ease of use. use and value to customers.
Speaking of acquisition, James Paris, CEO of Avant, said that by acquiring Level, the company’s strategy will provide underbanked and unserved consumers a “complete ecosystem of transparent financial products and services.”
“Expanding our product portfolio allows us to serve even more people, providing every consumer with access to innovative, reward-based products to simplify and improve their financial journey. We look forward to building on this acquisition and continuing to offer new products to our growing customer base.
Bryce galien, co-founder and CEO of Zero Financial, added:
“Avant shares our mission to challenge the status quo by offering innovative financial services products to consumers who otherwise would not be able to access them. We’re excited to continue this journey as part of the Avant team and to work together to provide new ways for consumers to engage with their finances.
Avant has indicated that it is dedicated to providing “best-in-class” digital banking services to everyone through a combination of superior technology, analytics and customer service. Since 2012, Avant has connected more than 1.5 million customers to $ 7.5 billion in loans and 400,000 credit cards, increasing its number of credit card users by 170% over the past two years.