Car loan platform Lendbuzz (LBZZ.US) applies for listing in the United States, aiming to raise 250 million US dollars.

Car loan platform Lendbuzz submitted its initial public offering (IPO) application to the U.S. Securities and Exchange Commission (SEC) last Friday, planning to raise $250 million. The company plans to list on the Nasdaq with the stock code "LBZZ". Pricing terms have not been disclosed. Founded in 2015, Lendbuzz is an AI-based financial technology company dedicated to helping consumers access more convenient credit channels when buying a car. Data shows that the company had revenue of $329 million in the 12 months ending June 30, 2025. Lendbuzz leverages alternative data and machine learning algorithms to assess the creditworthiness of consumers with limited credit histories, a group that often struggles to access full services from traditional banks. The company says its target market includes near-prime borrowers and no-credit customers, estimated to total 119 million people. Additionally, Lendbuzz partners with car dealerships to offer consumers attractive financing solutions, while also providing these dealerships with opportunities to serve a more diverse customer base. As of June 30, 2025, the company had relationships with 2,164 car dealerships.