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 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
