Wellington Management, Goldman Sachs MBD and MUFG Innovation led a $360m funding round in Lendbuzz.

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.