Lendbuzz Completes $266 Million Asset-Backed Securitization

July 02, 2025 at 10:05 AM EDT

Lendbuzz, an AI-based fintech company that helps consumers obtain better access to credit when purchasing a vehicle, announced today that it has closed a $266 million securitization (“LBZZ 2025-2”) collateralized by a pool of auto loans made to obligors and secured by new and used automobiles, light duty trucks, and vans.

LBZZ 2025-2 issued five classes of notes: Class A-1, Class A-2, Class B, Class C, Class D. The LBZZ 2025-2 notes have been rated by S&P Global Ratings (S&P) and Kroll Bond Rating Agency (KBRA) as K1+/NR, AAA/AA, AA-/AA-, A-/A- and BBB/NR, respectively.

Goldman Sachs & Co. LLC acted as lead bookrunner and structuring agent, with J.P. Morgan Securities LLC, Mizuho, and RBC Capital Markets, LLC, as joint bookrunners; MUFG and Regions Securities LLC acted as co-managers.

“We are proud to have closed another successful transaction that deepens our access to diverse funding sources,” said George Sclavos, Chief Financial Officer at Lendbuzz. “Our ability to continue to grow our program is a testament to the strength of our investor base and a powerful testament to our investors’ confidence in the performance of our credit model.”

To date, Lendbuzz has completed more than $2.1 billion of publicly syndicated asset-backed securitizations and remains committed to growing the program as part of its diverse funding strategy. The additional capacity will allow Lendbuzz to continue on its mission to offer fair access to credit for underserved populations.

About Lendbuzz

Lendbuzz is an AI-based financial technology company that helps consumers obtain better access to credit when purchasing a vehicle. Powered by alternative data and machine learning algorithms, Lendbuzz can assess the creditworthiness of consumers with limited credit history—a group underserved by traditional banks. Through our auto dealership partners, Lendbuzz offers consumers attractive financing solutions while opening up opportunities for those dealerships to serve a more diverse customer base. Lendbuzz is headquartered in Boston, Massachusetts and was founded in 2015.