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Lendbuzz Inc. is a financial technology company founded in 2015 that uses AI and machine learning to assess credit risk for underserved consumers, particularly credit invisibles and near-prime borrowers (VantageScores 601-719), representing 119 million U.S. adults or 46% of the population. It originates auto loans through a fragmented network of over 55,000 U.S. auto dealerships, achieving 2,344 Active Dealerships as of December 31, 2025, with 100%+ net dollar retention for 19 consecutive quarters. The company grew Aggregate Originations from $1.1B in 2023 to $2.2B in 2025 (CAGR 82% from 2020-2025) and Total revenue, net from $175M to $373M, generating positive net income since 2021 ($24M in 2025) and Adjusted EBITDA of $53M. Lendbuzz is pursuing an IPO on Nasdaq under LBZZ, offering [shares] at [$ per share midpoint], raising approximately $[million] in net proceeds for general corporate purposes including working capital and potential debt repayment. Investment thesis centers on scalable AI-driven underwriting outperforming subprime benchmarks, low CAC of $540 per loan, LTV:CAC of 7x, and expansion in the $718B annual U.S. auto loan market amid fragmented dealership distribution.
Offering Amount
$568.0M
Shares Offered
68,555,190
Price Range
$3.63 – $12.94
Share Type
Common Stock
Exchange
Nasdaq Global Select Market
Ticker
LBZZ
Use of Proceeds: General corporate purposes including working capital, operating expenses, capital expenditures; potential repayment of lines of credit or acquisitions.
Financial technology company utilizing AI and machine learning to assess consumer credit risk and expand access to credit for underserved populations, focusing on auto finance through dealership partnerships.