WebBank completed the acquisition of a minority stake in Avant for $250m.

WebBank, a bank, completed the acquisition of a minority stake in Avant, a provider of access to a full suite of digital financial solutions, for $250m. “WebBank and Avant have a longstanding partnership driving access to capital to consumers through multiple innovative credit products including the Avant Credit Card. The Bank is pleased to provide an additional investment in the Avant Credit Card program to provide the necessary capital for long-term growth," Jason Lloyd, WebBank President & CEO.