The financial world is rapidly evolving, yet one aspect of consumer finance has mainly remained unchanged. This aspect is credit-card debt. In the United States alone, it has surpassed $1 trillion, with millions of Americans juggling multiple cards and high interest rates that make repayment feel impossible.
While traditional banks continue to rely on lengthy paperwork and outdated processes, a new wave of fintech innovators is rethinking how lending should work. At the forefront of this transformation is Paul Kukitz, Chief Technology Officer and Co-founder of Avoloan — a fast-growing fintech company preparing to launch in the U.S.
Avoloan’s mission is to help users escape high-interest credit card debt through transparent, technology-driven refinancing. Behind that mission is a user-friendly mobile app designed for speed and empathy — values that reflect Kukitz’s own approach to leadership and innovation.
We sat down with Paul to discuss his journey, Avoloan’s upcoming U.S. launch, and what it takes to build a product that can transform people’s financial lives.
Paul, let’s start with the basics: what is Avoloan, and how does it work?
Paul Kukitz: Avoloan is a digital platform that helps people consolidate and refinance their credit-card debt into one, lower-interest loan. The idea is simple: instead of managing multiple credit cards, payments, and due dates, users get a single, structured plan that’s easier to manage and cheaper overall.
The process is entirely online. You register, verify your cards, and get a personalized offer in under 30 seconds. What makes us unique is how we use technology to simplify something that has traditionally been complicated and stressful.
We designed Avoloan not just as a tool for financial freedom. Every part of the interface, from the dashboard to the repayment schedule, is built to help users understand their finances, not drive them into even more debt.
How did the idea for Avoloan come about?
Paul Kukitz: It really started with a frustration. Credit-card debt is a common problem, but the tools available to manage it are either too complex or too impersonal. I’ve worked in software and fintech for almost two decades, and I’ve noticed that innovation in this space has been relatively scarce, which is surprising.
Many people want to pay off their debt, but they need structure and assistance. The traditional system often adds pressure instead of providing solutions. My co-founder and I wanted to create something that would bring transparency and control back to the user.
We also saw that technology could make the entire refinancing process faster, safer, and more intuitive. The idea was to create a product that feels empowering, where users can track their progress and experience a sense of relief, knowing they are being supported on their journey to a debt-free life.
You’ve spent many years in IT before Avoloan. What kind of projects have you worked on?
Paul Kukitz: My background is in large-scale systems architecture and digital product development. Before Avoloan, I led engineering teams across Europe and Central Asia, helping build enterprise-level solutions for global brands such as Unilever, PepsiCo, and Shell.
I’ve worked on everything from high-load cloud infrastructures to real-time data platforms and mobile ecosystems for various industries, including hospitality, retail, shipping, and many others. Early in my career, I helped automate complex business processes, such as payment reconciliation, logistics tracking, and CRM integration, for companies operating across multiple time zones and markets.
Those experiences shaped how I approach fintech today. Large-scale systems teach you discipline: security, stability, and scalability aren’t optional. At Avoloan, we’re applying the same enterprise-level rigor to consumer finance, but with the empathy and design thinking of a startup.
As CTO and Co-founder, what were your main priorities when developing the platform?
Paul Kukitz: From the beginning, I wanted to make sure Avoloan combined intelligent automation with a strong human perspective. Behind every data point is a person trying to improve their life.
Our architecture uses AI-assisted decision engines that evaluate repayment history, spending behavior, and credit utilization in seconds. The algorithm is designed to offer fair, personalized loan terms that make sense for individuals who have found themselves in a difficult situation, struggling with the highest APRs in American history.
We also established deep integrations with leading financial partners, enabling instant credit score verification and automatic disbursement. That means users can register, connect their cards, and start saving in minutes, without having to visit the office, fill out numerous confusing forms, and wait weeks for approval.
Security and privacy were non-negotiable. We utilize encrypted APIs, collaborate with certified compliance providers, and adhere to strict U.S. regulations to ensure every transaction is secure.
Our biggest priority, though, is trust. We want people to feel that Avoloan is on their side. First, we’re launching in Florida and testing the app with a small user base. We then plan to expand to other states, offering hundreds of loans each month.
