Fintech Lendbuzz Files for Nasdaq IPO After 38% Revenue Surge

Lendbuzz, a Boston-based financial technology company specializing in auto loans for consumers with limited credit history, has filed for an initial public offering (IPO) on Nasdaq under the ticker symbol "LBZZ." The company leverages artificial intelligence and machine learning to assess credit risk, enabling wider access to credit and boosting vehicle sales. In the first half of 2025, Lendbuzz reported a 38% revenue increase to $172.9 million and net income of $11.1 million, nearly doubling the previous year's profit. Valued at around $1.1 billion in a 2023 funding round, Lendbuzz is now targeting a valuation near $1.5 billion for its IPO. The offering is being led by major investment banks including Goldman Sachs, J.P. Morgan, RBC Capital Markets, and Mizuho, amid a resurgence of fintech IPOs following a period of subdued market activity. Lendbuzz's approach to auto financing, which includes asset-backed securitization and partnerships with car dealerships, positions it as a notable player in the fintech sector's recovery.