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.

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2 Comments

  1. LendIt’s significance seen in number of launches | Bankless Times
    April 17, 2015 at 12:31 am

    […] Avant announces expansion, rebranding and acquisition […]

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