The founder of a popular online lending marketplace has died in an all-terrain vehicle accident.

LendingTree announced the death of CEO and board chair Doug Lebda in a news release on Monday, Oct. 13. The 55-year-old was killed in the ATV crash on Sunday, Oct. 12.

The Charlotte-based company praised Lebda's nearly 30 years of service.

"We are deeply saddened by the sudden passing of Doug," LendingTree's board of directors said in a statement. "Doug was a visionary leader whose relentless drive, innovation and passion transformed the financial services landscape, touching the lives of millions of consumers. Since founding LendingTree in 1996, Doug dedicated himself to building a company rooted in consumer empowerment, championing a mission to simplify financial decisions and fostering ec

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