Lendbuzz closes $100 million warehouse facility with Mizuho Americas

May 01, 2024•over 1 year ago

Amount Raised

$100 Million

BostonLendingFintechArtificial IntelligenceFinancial Services

Investors

Mizuho Americas

Description

Lendbuzz, an AI-based fintech company, has closed a $100 million warehouse facility with Mizuho Americas to further expand and diversify its sources of committed capital.

Company Information

Company

Lendbuzz

Location

Boston, Massachusetts, United States

About

Lendbuzz is an AI-based auto finance platform that helps consumers obtain fair access to credit when purchasing a car. Powered by alternative data and machine learning algorithms, Lendbuzz can assess the creditworthiness of consumers with limited credit history—a group underserved by traditional banks. Through their auto dealership partners, Lendbuzz offers consumers attractive financing solutions while opening up opportunities for those dealerships to serve a more diversified client base. Lendbuzz is headquartered in Boston, Massachusetts and was founded in 2015.

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