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Startup CEO Amitay Kalmar to present at AFS

Lendbuzz CEO Amitay Kalmar will join Auto Finance News on stage at the 19th annual Auto Finance Summit, which will take place Oct. 28-30 at the Bellagio in Las Vegas. Kalmar will present on leveraging technology to underwrite loans to consumers overlooked by the traditional credit system. His presentation will begin at 4:15 p.m. on […]

Bianca Chan
September 17, 2019
Auto Finance Summit, Innovation & Technology, Risk Management

Startup lender reveals strategy to disrupt auto finance [Podcast]

How do you measure risk for consumers without long credit histories in the U.S.? That’s the question Amitay Kalmar confronted when he founded Boston-based Lendbuzz in 2016. Three years later, Lendbuzz is carving out a share of potential auto loan customers by leveraging machine learning and data analytics. The startup lender targets foreign-born residents, such […]

Bianca Chan
August 19, 2019
Auto Finance Excellence, Operations, Podcast, Risk Management

Thin-credit lender scores $150M in funding

Lendbuzz, a direct online auto lender that markets to thin- and no-credit borrowers, landed $150 million in debt and equity financing, the company announced Monday. The equity funding round was led by 83North, and the debt funding was led by BHI, ConnectOne Bank and IDB Bank, among others. Last year, Lendbuzz secured $30 million in […]

Why low balance letters are not working

Regardless of the industry, there comes a time when certain business practices are followed even though they aren’t the most efficient or most profitable. The legendary Rear Admiral Grace Murray Hopper, a pioneer of computer programming, used to say that the most dangerous phrase in any language is, “We’ve always done it this way.” The auto […]

Aclaró releases EcoSystem 3.0, adds new board member

Aclaró, which provides disruptive technologies to the automotive, financial and government sectors, has released Aclaró EcoSystem 3.0 (ES 3.0), a game-changing toolset for vehicle purchasers, lenders and dealers, and added a new member to its board. With these announcements, the artificial intelligence software company continues the rapid advancement toward its overarching mission of helping lenders, […]

Compliance considerations when buying and selling customer leads

As an auto lender, you’re likely aware of the due diligence required when purchasing consumer leads. Lenders must exercise the same diligence when referring — or selling — declined leads downstream. Purchasing customer leads via referral programs has adapted as technology has allowed online lenders to communicate instantaneously with potential customers. Due to the nature […]

An inside look at 2 new credit scoring models

Ever since the concept of loaning money was conceived, lenders have been trying to find the ideal way to predict who will pay them back and who will default. Over time, methods for evaluating the likelihood of borrower repayment progressed from individual human judgment calls to more objective credit bureaus and reports. Today, scores often […]

Tech Partnerships Help Drive Digital Transformation in Auto Finance

Aclaro, a company that develops tools for companies in the automotive industry, recently announced game-changing news that validates its mission of helping small, scrappy dealerships compete with larger competitors. As part of its efforts to deliver five-star service for its clients, Aclaro joined the Microsoft Partner Network, allowing the company to continue building its business […]

How Lenders Should Leverage the Power and Promise of Artificial Intelligence

Technology does not wait for rules or regulations. Artificial intelligence (AI) is no exception. The potential profit associated with fintech speeds up innovation, but it also increases the risk of implementing machine intelligence without assessing potential hazards. Simply put, we do not understand how some machines solve problems with deep learning algorithms. This risk can […]

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Tag Archives: lendbuzz

Startup CEO Amitay Kalmar to present at AFS

Startup lender reveals strategy to disrupt auto finance [Podcast]

Thin-credit lender scores $150M in funding

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