Lendbuzz Secures $125 Million Credit Facility, Drives AI Auto Finance Market Transformation

WHO Lendbuzz targets consumers seeking vehicle financing, including those with limited credit history or non-existent credit scores.

WHAT Lendbuzz's proprietary AI platform assesses the creditworthiness of a diverse range of consumers, expanding opportunities for traditionally underserved individuals.

WHY The $125 million credit facility with Royal Bank of Canada (RBC) enables Lendbuzz to grow its loan origination capacity and cater to a larger customer base.

FUNDING Lendbuzz secures a $125 million credit facility with RBC to support continued loan origination growth.

HOW IT WORKS Lendbuzz utilizes alternative data and machine learning algorithms to accurately evaluate creditworthiness, allowing consumers to access attractive financing options.

AVAILABILITY Lendbuzz's AI-powered fintech solutions are currently available to consumers through their network of auto dealership partners.

CUSTOMER TRACTION Lendbuzz's exceptional underwriting and credit decisioning have attracted a growing customer base, including those historically underserved by traditional banks.

KEY TAKEAWAY Lendbuzz's AI-driven approach to automotive finance empowers consumers with limited credit history to access fair credit, opening new opportunities for both consumers and auto dealerships.