Home / Lendbuzz: IPO Filing, Revenue Surge & $266M Securitization

Lendbuzz: IPO Filing, Revenue Surge & $266M Securitization

By: Jasmin Espinas

Updated: September 12, 2025

Published: September 12, 2025

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Lendbuzz, a Boston-based fintech lender, has steadily built its reputation by focusing on credit access for car buyers often overlooked by traditional banks.

Since launching in 2015, the company has used artificial intelligence (AI) to assess borrower risk beyond standard credit scores, gaining traction among international students and thin-file borrowers across the U.S.

The company recently filed to go public and also closed a $266 million securitization deal.

Lendbuzz IPO Filing Shows 38% Revenue Surge Amid Fintech Rebound

Lendbuzz reported a 38% jump in revenue for the first half of 2025, according to its IPO filing submitted Friday, September 12.

Fintech firm Lendbuzz to file for IPO https://t.co/skNF7Ak3Iw

— CNBC (@CNBC) September 12, 2025

The auto lending platform generated $172.9 million in revenue between January and June, up from $125.4 million in the same period last year.

Net income also doubled to $11.1 million from $5.6 million.

In addition, the company and several early investors plan to sell shares in the offering.

While the filing did not specify the number of shares or pricing, plans for a public debut have been in motion since at least 2023.

At the time, Reuters reported Lendbuzz had engaged investment banks to prepare for the listing.

Furthermore, Lendbuzz counts 83North and OG Tech Ventures among its largest backers.

The IPO will also be led by Goldman Sachs, J.P. Morgan, RBC Capital Markets, and Mizuho.

Shares will trade on the Nasdaq under the ticker “LBZZ.”

Lendbuzz Completes $266M Asset-Backed Securitization Deal

On July 2, 2025, Lendbuzz closed a $266 million securitization backed by auto loans issued to borrowers purchasing both new and used vehicles.

The transaction, labeled “LBZZ 2025-2,” is collateralized by a mix of loans tied to passenger cars, light trucks, and vans.

CFO George Sclavos said the deal strengthens the company’s funding capacity, pointing to investor confidence in Lendbuzz’s credit performance.

The firm’s machine learning model continues to attract institutional capital.

With this transaction, Lendbuzz has surpassed $2.1 billion in cumulative asset-backed securitizations.

Lendbuzz also says the expanded liquidity supports its efforts to serve borrowers with limited or no traditional credit history.

Conclusion

Lendbuzz enters the public markets with consistent profitability, rising revenue, and continued access to institutional capital.

The company’s financial results also suggest operational efficiency, particularly in underwriting and servicing loans outside of traditional credit models.

As it transitions into a public company, Lendbuzz appears positioned to scale within a segment of the market often underserved by larger lenders.

Investors will likely watch how it manages loan performance, cost of capital, and portfolio growth in a more transparent environment.

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