Lendbuzz develops an AI-based auto finance platform for people with a thin or no credit history.
Lendbuzz develops an AI-based auto finance platform for people with a thin or no credit history. It helps consumers with a thin or no credit history obtain financing when purchasing a car. Powered by machine learning and proprietary algorithms, Lendbuzz is able to better assess the creditworthiness of consumers with limited credit history, who are underserved by traditional banks. By partnering with auto dealerships, Lendbuzz is able to offer consumers attractive financing solutions and dealerships are able to close additional business opportunities and serve a more diversified client base.The company was founded in 2015 and is headquartered in Boston, Massachusetts.
Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
---|---|---|---|---|---|---|
Nov 1, 2022 | Debt Financing | $150M | 1 | JP Morgan | — | Detail |
Aug 8, 2022 | Series Unknown | $48.06M | — | — | — | Detail |
Jan 1, 2022 | Debt Financing | — | 1 | JP Morgan | — | Detail |
Jun 23, 2021 | Series C | $60M | 8 | Wellington Management | — | Detail |
Jun 23, 2021 | Debt Financing | $300M | 2 | Goldman Sachs Bank USA | — | Detail |
Investor Name | Lead Investor | Funding Round |
---|---|---|
JP Morgan | Yes | Debt Financing |
Wellington Management | Yes | Series C |
Goldman Sachs Bank USA | Yes | Debt Financing |
BHI | Yes | Debt Financing |
ConnectOne Bank | Yes | Debt Financing |
International Development Bank | Yes | Debt Financing |
83North | — | Series C |
Arkin Holdings | — | Series C |
Goldman Sachs | — | Series C |
HighSage Ventures | — | Series C |