Auto Finance Platform Lendbuzz to Go Public

Core Viewpoint - Lendbuzz, an auto finance platform, is planning to go public by filing a registration statement with the SEC and intends to list on the Nasdaq under the ticker "LBZZ" [2][3]. Company Overview - Lendbuzz was established in 2015, focusing on auto finance for underserved populations and has generated positive net income each fiscal year since 2021, as of December 31, 2024 [4]. - The company has expanded its active dealership count to 2,164 as of June 30 [4]. Financial Performance - Lendbuzz closed a $266 million asset-backed securitization in July and has completed over $2.1 billion in publicly syndicated asset-backed securitizations to date [5]. - The company emphasizes its commitment to growing its funding program as part of a diverse funding strategy [5]. Technology and Services - Lendbuzz utilizes artificial intelligence and machine learning algorithms to assess consumer credit risk, enhancing access to credit for consumers and aiding auto dealerships in increasing vehicle sales [3]. - The company offers a modern, digital lending experience that reduces friction for consumers through a mobile-enabled digital process [5].