Lendbuzz

Company Overview

Snapshot

Founded in June 2015 by Amitay Kalmar and Dan Raviv, Lendbuzz operates with 201–500 employees. The company has secured $155 million in total capital across 7 funding rounds from 12 investors. In October 2023, Lendbuzz achieved a valuation of $1.1 billion, securing $345 million, including $300 million in credit.

Business overview

Lendbuzz is an AI-based auto finance platform designed to provide fair access to credit for consumers purchasing cars, particularly those with limited or non-existent credit histories. The company leverages alternative data and machine-learning algorithms to assess creditworthiness. Lendbuzz supports dealership partners by offering consumer loans that broaden their client base and provides competitive floor planning options to facilitate business growth. It operates within the Fintech & Insurtech sector, serving the financial services industry.

Strategic signal

Lendbuzz is actively preparing for a potential IPO on Nasdaq, with reports in December 2023 indicating an expected valuation exceeding $2 billion. This move signals strong growth and investor confidence, driven by nearly doubled profits, positioning the company for a significant public market debut and further expansion in the auto finance sector.

Company Intelligence Q&A

What is Lendbuzz's primary business?

Lendbuzz operates an AI-powered auto finance platform that enables underserved borrowers to obtain fair access to credit for car purchases. It utilizes alternative data and machine-learning algorithms for credit assessment.

When was Lendbuzz founded and by whom?

Lendbuzz was founded in June 2015 by co-founders Amitay Kalmar and Dan Raviv.

What was a significant funding event for Lendbuzz in 2023?

In October 2023, Lendbuzz completed a D Round of funding, which included follow-on investments from O.G. Venture Partners, 1001, MUFG Innovation Partners (MUIP), and 83North.

What was a key funding event for Lendbuzz in 2021?

In June 2021, Lendbuzz closed a C Round of funding led by Wellington Management, with participation from 83North, O.G. Venture Partners, MUFG Innovation Partners (MUIP), Mivtach Shamir Holdings, Goldman Sachs Bank USA, and HighSage Ventures.

What are Lendbuzz's plans regarding a public offering?

Lendbuzz is reportedly preparing for an IPO on Nasdaq, with news from September 2025 indicating that the company's profits have nearly doubled. Earlier reports from December 2023 suggested an IPO valuation target of over $2 billion.