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Home » Lendbuzz ramps up origination volume ahead of second ABS deal

Lendbuzz ramps up origination volume ahead of second ABS deal

Q3 '21 originations grew 181% YoY and 260% from the same period in 2019

Joey PizzolatobyJoey Pizzolato
April 8, 2022
in Capital & Funding
Reading Time: 2 mins read
0
WALL STREET BULL

© Can Stock Photo / labamba

Auto financing startup Lendbuzz ratcheted up its origination volume ahead of the lender’s second entrance into the auto asset-backed securities (ABS) market, as it looks toward continued expansion. Boston-based Lendbuzz uses artificial intelligence (AI) and machine learning to lend to car buyers who lack a U.S.-based credit bureau history. More than 55% of the loans […]

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