About Lendbuzz
Lendbuzz is a company based in Boston (United States) founded in 2015 by Dan Raviv.. Lendbuzz has raised $309.65 million across 15 funding rounds from investors including Goldman Sachs, J P Morgan and Regions Bank. Lendbuzz offers products and services including Auto Loan Service and Refinancing Option. Lendbuzz operates in a competitive market with competitors including Octane, WithClutch, AutoPay, Carputty and Car Capital Technologies, among others.
- Headquarter Boston, United States
- Founders Dan Raviv
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Sectors
Transportation, Automotive & LogisticsFinancial Services
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Email
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Phone
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Website
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Social
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- Legal Name Lendbuzz Funding, Llc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$309.65 M (USD)
in 15 rounds
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Latest Funding Round
$45 M (USD), Series C
Oct 04, 2023
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Investors
Goldman Sachs
& 14 more
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Employee Count
Employee Count
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Products & Services of Lendbuzz
Lendbuzz offers a comprehensive portfolio of products and services, including Auto Loan Service and Refinancing Option. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Offers quick loans for vehicle purchases using comprehensive credit review.
Enables refinancing of existing vehicle loans for better terms.
Funding Insights of Lendbuzz
Lendbuzz has successfully raised a total of $309.65M across 15 strategic funding rounds. The most recent funding activity was a Series C round of $45 million completed in October 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 15
- Last Round Series C — $45.0M
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First Round
First Round
(30 Jun 2017)
- Investors Count 15
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Oct, 2023 | Amount | Debt – Conventional - Lendbuzz | Valuation |
investors |
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| Oct, 2023 | Amount | Series C - Lendbuzz | Valuation | Group 1001 | |
| Jul, 2023 | Amount | Series C - Lendbuzz | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Lendbuzz
Lendbuzz has secured backing from 15 investors, including institutional and venture fund investors. Prominent investors backing the company include Goldman Sachs, J P Morgan and Regions Bank. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Tech-focused, stage-agnostic venture capital is provided by 83NORTH.
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Founded Year | Domain | Location | |
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Venture capital fund investing in tech startups
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Founded Year | Domain | Location | |
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Investment banking services are delivered across multiple financial sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Lendbuzz
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Lendbuzz
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Lendbuzz Comparisons
Competitors of Lendbuzz
Lendbuzz operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Octane, WithClutch, AutoPay, Carputty and Car Capital Technologies, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Instant financing solutions are offered for vehicle purchases by Octane.
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| domain | founded_year | HQ Location |
Car loans are refinanced via an online lending marketplace.
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| domain | founded_year | HQ Location |
Online lending marketplace for auto loans
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| domain | founded_year | HQ Location |
Automobile loans are provided via an online platform for consumers.
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| domain | founded_year | HQ Location |
Online platform to streamline purchase and finance of car
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Lendbuzz
Frequently Asked Questions about Lendbuzz
When was Lendbuzz founded?
Lendbuzz was founded in 2015 and raised its 1st funding round 2 years after it was founded.
Where is Lendbuzz located?
Lendbuzz is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Who is the current CEO of Lendbuzz?
Amitay Kalmar is the current CEO of Lendbuzz.
Is Lendbuzz a funded company?
Lendbuzz is a funded company, having raised a total of $309.65M across 15 funding rounds to date. The company's 1st funding round was a Series C of $24.01M, raised on Jun 30, 2017.
What does Lendbuzz do?
Lendbuzz was established in 2015 in Boston, United States, as an online platform focused on car financing within the fintech sector. Loan applications are processed digitally, where guarantees, user information, payment methods, and preferred repayment plans are submitted by applicants. Operations center on streamlining access to vehicle loans for individuals across the U.S., with key leadership provided by co-founders Amitay Kalmar as CEO and Dan Raviv as CTO.
Who are the top competitors of Lendbuzz?
Lendbuzz's top competitors include AutoPay, Octane and Credit Acceptance.
What products or services does Lendbuzz offer?
Lendbuzz offers Auto Loan Service and Refinancing Option.
Who are Lendbuzz's investors?
Lendbuzz has 15 investors. Key investors include Goldman Sachs, J P Morgan, Regions Bank, RBC Royal Bank, and ConnectOne Bank.
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