"Fintech Unicorn Launches Home-Backed Credit Card"

Aven, a fintech startup founded by Sadi Khan, has reached a $1 billion valuation by offering a credit card backed by home equity, simplifying the HELOC process. Despite concerns about potential risks to borrowers' homes, Aven has attracted significant investment and aims to expand its services. The company targets high-earning, responsible borrowers, offering lower interest rates and convenience compared to traditional HELOCs.