Lendbuzz, an AI-based fintech company, has closed a $100 million credit facility with MUFG. The additional warehouse capacity will fuel Lendbuzz’s continued loan origination growth.
“This expansion further strengthens our funding capabilities and ability to execute our strategic growth plans,” George Sclavos, chief financial officer at Lendbuzz, said. “MUFG has been a long-standing partner to Lendbuzz, and we are excited for this opportunity to deepen the relationship. It demonstrates the confidence our partners have in Lendbuzz and our continued focus on exceptional underwriting and credit decisioning.”
“We invested in Lendbuzz to support their mission to bring AI-powered auto financing to the underserved and we are excited to expand our partnership,” Mayank Shiromani, deputy chief investment officer at MUFG Innovation Partners (MUIP), said.
