Lendbuzz Closes $100 Million Warehouse Facility With Mizuho Americas
01 Mayo 2024 - 7:05AM
Business Wire
Lendbuzz, an AI-based fintech company that helps consumers
obtain better access to credit when purchasing a vehicle, announced
today that it has closed a $100 million warehouse facility with
Mizuho Americas.
Lendbuzz focuses on assessing the creditworthiness of consumers
across the credit spectrum, many of whom are underserved by
traditional banks, utilizing its proprietary AI-powered solution,
and offering its consumers a modern, digital lending
experience.
“We are excited to partner with Mizuho, further expanding and
diversifying our sources of committed capital,” said George
Sclavos, Chief Financial Officer of Lendbuzz. “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.”
“Mizuho is proud to support Lendbuzz in financing its strategic
growth by providing new pools of capital to fund its loan
operations” said Diane Ferguson, Head of Financial Institutions,
Investment & Corporate Banking at Mizuho Americas. “We are
honored to add market leader Lendbuzz to the ranks of our client
roster.”
About Lendbuzz
Lendbuzz is an AI-based financial technology company that helps
consumers obtain better access to credit when purchasing a vehicle.
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
our auto dealership partners, Lendbuzz offers consumers attractive
financing solutions while opening up opportunities for those
dealerships to serve a more diverse customer base. Lendbuzz is
headquartered in Boston, Massachusetts and was founded in 2015.
About Mizuho
Mizuho Financial Group, Inc. is the 15th largest bank in the
world as measured by total assets of ~$2 trillion, according to
S&P Global 2022. Mizuho’s 60,000 employees worldwide offer
comprehensive financial services to clients in 36 countries and 800
offices throughout the Americas, EMEA, and Asia.
Mizuho Americas is a leading provider of corporate and
investment banking, capital markets, equity and fixed income sales
& trading, derivatives, FX, custody, and research to corporate,
private equity, and institutional clients in the US, Canada, and
Latin America. Through its acquisition of Greenhill, Mizuho
provides M&A, restructuring, and private capital advisory
capabilities across Americas, Europe, and Asia. Mizuho employs
approximately 3,500 professionals, for more information visit
www.mizuhoamericas.com.
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Investors InvestorRelations@lendbuzz.com Media &
Press Steve Francisco, CMO Stephen.Francisco@lendbuzz.com