Lendbuzz, a Boston-based fintech company with 75 employees in Massachusetts, raised $360 million in a combination of debt and equity to finance car loans to customers.
A press release announcing a new credit facility that closed between Lendbuzz and Regions Bank.
Lendbuzz’s first securitization of 2023 follows a period of record-breaking success for the company.
Lendbuzz closes a $125 million credit facility with Royal Bank of Canada; additional warehouse capacity will support continued loan origination growth.
Lendbuzz closes $163.15 million securitization collateralized by a pool of retail automobile contracts.
Company grew revenue over 80 percent in 2023, using AI and machine learning algorithms to provide auto financing for consumers
New Issuance is Company’s Largest Transaction to Date, Maintaining Record-Breaking Success
Lendbuzz Welcomes Diane Offereins to Board of Directors
Lendbuzz completes $219 million asset-backed securitization and achieves its first-ever AAA rating.
Lendbuzz announces a $330 million forward flow facility with funds managed by AB CarVal, an established global alternative investment manager.
