Lendbuzz

About:

Lendbuzz is a car financing platform that helps consumers with thin U.S. credit history obtain financing for their car purchase.

Website: https://lendbuzz.com

Twitter/X: lendbuzz

Top Investors: Royal Bank of Canada, Goldman Sachs, Wellington Management, JP Morgan, ConnectOne Bank

Description:

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.