Lendbuzz, an AI-based fintech company that helps consumers attain better access to credit when buying a vehicle, announced today that it has closed a $100 million warehouse facility with Mizuho Americas.
Powered by alternative data and machine learning algorithms, Lendbuzz can assess the creditworthiness of consumers with limited credit history—a group underserved by traditional banks. Through Lendbuzz’s auto dealership partners, the company offers consumers attractive financing solutions while opening up opportunities for those dealerships to serve a more diverse customer base.
KEY QUOTES:
“We are excited to partner with Mizuho, further expanding and diversifying our sources of committed capital. We look forward to continuing to grow our relationship with a global bank such as Mizuho as a trusted advisor and important provider of capital.”
- George Sclavos, Chief Financial Officer of Lendbuzz
“Mizuho is proud to support Lendbuzz in financing its strategic growth by providing new pools of capital to fund its loan operations. We are honored to add market leader Lendbuzz to the ranks of our client roster.”
- Diane Ferguson, Head of Financial Institutions, Investment & Corporate Banking at Mizuho Americas
