Securian Financial partners with Aven

Securian Financial is expanding its commitment to the growing digital lending marketplace through a strategic partnership with Aven, a fintech company offering a consumer credit card backed by home equity – the Aven Home Card. Securian Financial’s debt protection product, which can cover enrolled cardholders’ monthly payments if they become involuntarily unemployed, is now offered to all Aven Home Card applicants at no profit to Aven.

Aven, founded by former executives from Facebook and Square in 2019, is on a mission to provide consumers with the lowest cost and most convenient access to capital. The Aven Home Card provides consumers with lower interest rates in minutes, backed by home equity and starting at $0 to get, with all the benefits of a traditional credit card.

Since launching in 2021, more than $1.5 billion in Home Card credit lines have been issued, and cardholders have saved more than $100 million in interest payments. Last month, Aven reached unicorn status following a $142 million Series D round.

“We are excited to partner with Aven, a leader in the digital lending space, to offer our debt protection solutions. With our long history, high ratings and deep experience offering loan protection products through financial institutions, the digital lending space is natural for us. And we couldn’t have a more innovative and perfect partner to expand our presence in this market than Aven.” – Michael Dawson, a Securian Financial sales vice president for Affinity Solutions.

“We’re excited to partner with Securian Financial to provide our cardholders with an optional debt protection plan, offered entirely at no profit to Aven. At Aven, we prioritize safeguarding our customers from financial challenges, and Securian’s product offers valuable protection for those who may face involuntary unemployment.” – Sadi Kahn, CEO and founder of Aven.