Lendbuzz

company

About

Lendbuzz develops an AI-based auto finance platform for people with a thin or no credit history.

Details

Last Funding Type
Debt Financing
Last Funding Money Raised
$150M
Industries
Artificial Intelligence,Financial Services,FinTech,Lending
Founded date
Nov 1, 2015
Number Of Employee
101 - 250
Operating Status
Active
Legal Name
Lendbuzz, Inc.

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.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
11
$894.26M
Lendbuzz has raised a total of $894.26M in funding over 2 rounds. Their latest funding was raised on Nov 1, 2022 from a Debt Financing round.
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

Investors

Number of Lead Investors
Number of Investors
18
15
Lendbuzz is funded by 15 investors. JP Morgan and Wellington Management are the most recent investors.
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

Employee Profiles

Number of Employee Profiles
9
Lendbuzz has 9 current employee profiles, including Board observer Scott Chesrown
Board observer
Board member
Board member
Executive
Executive