Avant announces expansion, acquisition and rebranding

avantConsumer loan provider Avant has made a trio of announcements indicating their recent growth still has legs.

Avant has acquired San Francisco-based startup ReadyForZero, an online and mobile provider of personal debt management tools. According to its’ website ReadyForZero has $2.7 billion in debt under management and has helped Americans pay down more than $240 million in debt.

Avant has expanded to Los Angeles and plans to add 50 employees by 2016. ReadyForZero co-founders Rod Ebrahimi and Ignacio Thayer are in charge of engineering and product management at the new location. The pair were Y Combinator classmates of Avant co-founders John Sun and Paul Zhang.

Formerly known as AvantCredit, the shorter name reflects an expansion into new product lines.