Lendbuzz closes $100 million warehouse facility with Mizuho Americas
05/01/24, 12:05 PM
Location
Money raised
$100 million
Industry
lending
fintech
artificial intelligence
financial services
Investors
Mizuho Americas
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 Info
Location
boston, massachusetts, united states
Additional Info
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.