Chicago based online lender Avant has raised $325m of private financing, led by General Atlantic Partners. Valuation on the deal is $2bn, nearly double the valuation it received in a fundraising round a year ago. Despite concerns about competition and regulation, Avant plans to expand its presence and will launch auto loans and credit cards in the U.S., and is actively looking to expand to Australia. The company currenlty has about 750 employees, most of whom work to service the loan.