Lendbuzz

Lendbuzz is an AI-based auto finance platform that helps consumers with thin or no credit history obtain financing when purchasing a car.

Lendbuzz expands access to fair credit with a simple and fast loan application that looks at you – not just your credit score.

Lendbuzz was founded in Israel in 2015 by Amitay Kalmar and Dan Raviv. The company is headquartered in Boston, MA and Tel Aviv, Israel.

 

Lendbuzz's financing model -- powered by machine learning and proprietary algorithms -- allows it to better assess the creditworthiness of consumers with limited U.S. credit history, who are underserved by traditional banks despite their potentially high creditworthiness.

 

Lendbuzz partners with auto dealerships to offer customers attractive financing solutions. Its unique solution helps consumers to obtain financing when purchasing a car which in turn also helps build their U.S. credit score.

 

Lendbuzz enables auto dealerships to close on additional business opportunities which otherwise would have been lost and serve a more diversified client base.

 

Lendbuzz is backed by JP Morgan, Goldman Sachs, 83North, Wellington Management, MUFG Innovation Partners, Royal Bank of Canada (RBC), Viola Credit, O.G. Tech, Arkin Communications, and others. The company closed a $125M credit facility on May 10, 2023. This brings Lendbuzz's total funding to more than $1B to date.

 

 

  • Year founded: 2015
  • Funding Info: $1B+ over 11 Rounds (Latest Funding Type: Debt Financing)
  • Yearly Revenue: NA
  • Employee Size: 51-200
  • Business Valuation: NA
  • City/Town: Boston
  • State: Massachusetts
  • Country: United States
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