Does your dealership hold the key to serving Visa holders? Like many states, Texas has a large population of Visa holders who might be in the market for a car. Read about the massive opportunity—and what your dealership needs to serve it—in our latest blog post.
Lendbuzz
Financial Services
Boston, MA 7,164 followers
Intelligent Lending, Increased Opportunity.
About us
Lendbuzz is an AI-based auto finance platform that helps consumers obtain fair access to credit when purchasing a car. Powered by alternative data and machine-learning algorithms, Lendbuzz can assess the creditworthiness of consumers whose credit scores range from good to non-existent—a group totalling some 100 million people—yet despite their massive numbers are underserved by traditional loan processes. Lendbuzz supports the success of their dealership partners through consumer loans that help those dealers reach a more diversified client base, together with competitive floorplanning options that help them grow their businesses. Lendbuzz is headquartered in Boston, Massachusetts and was founded in 2015. All loans are made by Lendbuzz Funding, LLC. NMLS ID #1636296
- Website
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http://www.lendbuzz.com
External link for Lendbuzz
- Industry
- Financial Services
- Company size
- 201-500 employees
- Headquarters
- Boston, MA
- Type
- Privately Held
- Founded
- 2015
- Specialties
- Big Data, Machine learning, Analytics, Loans, Car Loans, Artificial Intelligence , and Automotive
Locations
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Primary
Get directions
100 Summer Street
1001
Boston, MA 02121 , US
Employees at Lendbuzz
Updates
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Lendbuzz cofounder and CEO Amitay Kalmar appeared on the latest episode of the Car Dealership Guy podcast. Hear what he has to say about the lending market, and how AI is changing the way people look at credit risk analysis.
Subprime auto loan delinquencies are at an all-time high (above 08-09 levels)… What happens next? Amitay Kalmar, founder and CEO of Lendbuzz, an A.I.-based auto lender originating over $1.5B+ of auto loans annually, shares his outlook: #lendbuzzpartner
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We are looking forward to the 2024 National Independent Automobile Dealers Association (NIADA) Convention and Expo in Las Vegas next week! If you're attending, please stop by and say hi. We're at booth #227 and we look forward to seeing you!
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Lendbuzz announced today that it has closed a $100 million credit facility with MUFG. The additional warehouse capacity will fuel Lendbuzz’s continued loan origination growth, and support the company's efforts to bring the benefits of its AI-powered platform to more vehicle buyers and dealers. https://lnkd.in/en4ygKbp
Lendbuzz and MUFG Announce $100 Million Warehouse Facility
businesswire.com
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Lendbuzz Co-founder and CEO Amitay Kalmar—having dedicated much of his career to helping solve the challenges that car shoppers, dealers, and lenders face—identifies 7 areas of the current consumer lending model that are ripe for an overhaul.
Consumer Vehicle Lending is Ready for an Overhaul
lendbuzz.com
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Amitay Kalmar shared his thoughts about the current auto credit market and how regional differences inform AI-powered credit models at this year's AFS East conference. https://lnkd.in/eNkKnWHd
Lendbuzz Co-founder Amitay Kalmar Speaks at Auto Finance Summit East
lendbuzz.com
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How your dealership can move beyond the limits of a FICO-only credit judging system. #autofinance #autoindustry #automotive
Prejudging Creditworthiness Costs Sales
Lendbuzz on LinkedIn
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https://lnkd.in/g_MVJn4j Lendbuzz is excited to announce our second successful transaction of 2024.
Lendbuzz Completes $216 Million Asset-Backed Securitization
businesswire.com