Lendbuzz: $345 Million Secured To Ramp Up Auto Finance Platform
By Amit Chowdhry ● Oct 11, 2023
Lendbuzz, a financial technology company that utilizes alternative data, machine learning, and deep neural networks to provide auto loans for a wide spectrum of borrowers, announced recently that they raised $345 million in a combination of $45 million in equity funding and $300 million in a forward flow facility. Group 1001 led the funding round with participation from existing investors including, 83North, O.G. Venture Partners, and MUFG Innovation Partners.