Announced
Completed
Financials
Sources
Tags
Venture Capital
Acquisition
Completed
autodata
fintech
lending software
Software
United States
Minority
Private
Private Equity
Cross Border
Friendly
Synopsis
Wellington Management, an investment management company, Goldman Sachs and MUFG Innovation, a firm that offers services including commercial banking, trust banking, consumer finance, asset management, led a $360m funding round in Lendbuzz, a car financing platform that helps consumers with limited US credit history. The funding injection would help Lendbuzz expand from the around 300 US car dealerships it currently works with. The company wants to lift that number to thousands. In the first half of this year, Lendbuzz more than tripled its loan origination volume.
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