Lendbuzz Secures $150 Million Credit Facility From J.P. Morgan
11/01/22, 5:05 PM
Location
bostonMoney raised
$150 million
Industry
lending
fintech
artificial intelligence
financial services
Lendbuzz, a fintech company that is disrupting the car financing market using AI and machine learning algorithms, announced today that it closed a $150 million credit facility with J.P. Morgan.
Company Info
Location
boston, massachusetts, united states
Additional Info
Lendbuzz is a financial technology company using alternative data and machine learning algorithms to better assess consumer credit risk when purchasing a vehicle. Lendbuzz supports the success of their dealership partners through consumer loans that help those dealers reach a broader client base, together with competitive floor planning options that help them grow their businesses. Lendbuzz is headquartered in Boston, Massachusetts and was founded in 2015.