Lendbuzz, a Boston-based fintech company founded in 2015, specializes in AI-powered auto loans for consumers with thin or no credit history. The firm uses alternative data and machine learning to underwrite loans, which are funded through asset-backed securitizations, warehouse loans from banks, and portfolio sales to institutional investors like insurance companies.
- Lendbuzz intends to list its common stock on The Nasdaq Global Select Market under the ticker symbol "LBZZ."
- Goldman Sachs & Co. LLC, J.P. Morgan, RBC Capital Markets and Mizuho will act as lead book-running managers for the proposed offering. TD Securities, Citizens Capital Markets, Keefe, Bruyette & Woods, a Stifel Company, and Needham & Company will act as passive bookrunners for the proposed offering.
