October 15, 2025 — Nairobi, Kenya
The global fintech community is mourning the untimely death of Doug Lebda, the founder, chairman, and chief executive officer of LendingTree, who passed away in an ATV accident on Sunday, October 12, in North Carolina, USA.

According to international media reports, Lebda, aged 55, was found deceased following an off-road accident near his family property. Local authorities confirmed the incident was accidental, with no signs of foul play.

A Visionary Who Changed the Face of Online Lending

Doug Lebda founded LendingTree in 1996 after struggling to navigate the complex mortgage process himself. His idea — to let borrowers compare multiple loan offers online — revolutionized digital lending and inspired similar fintech innovations around the world.

Under his leadership, LendingTree expanded beyond mortgages into credit cards, personal loans, and insurance, becoming one of America’s most trusted online financial marketplaces. His death marks a huge loss to the global financial technology industry, which continues to evolve around the customer-first principles he championed.

Lessons for Kenya’s Growing Fintech Space

Lebda’s journey mirrors the mission of emerging African platforms such as Kenfasp2p, which aim to make affordable loans in Kenya accessible to individuals and small businesses. Like LendingTree, Kenfasp2p connects borrowers directly with willing investors — making lending transparent, fast, and inclusive.

By encouraging everyday investors to lend with Kenfasp2p, the platform empowers Kenyans to earn sustainable returns while supporting economic growth. Doug Lebda’s legacy shows how technology can close financial gaps and help millions achieve their dreams through smarter lending solutions.

Global Tributes and Company Response

Following his passing, LendingTree’s board named Chief Operating Officer Scott Peyree as the new CEO, with Steve Ozonian appointed as board chairman. Tributes have poured in from across the fintech world, describing Lebda as an innovator, mentor, and compassionate leader.

As Kenfasp2p and other African fintech companies continue to expand financial inclusion, Doug Lebda’s story stands as a reminder that bold ideas — built on trust and technology — can transform entire economies.