BOSTON – Lendbuzz, an AI-powered fintech company dedicated to improving consumer access to credit for vehicle purchases, today announced the successful closing of a $266 million securitization. This transaction, named “LBZZ 2025-2,” is collateralized by a pool of auto loans issued to borrowers and secured by new and used automobiles, light-duty trucks, and vans.
Lendbuzz, an AI-based fintech, completed a $266 million asset-backed securitization (LBZZ 2025-2).
The securitization is collateralized by auto loans for new and used vehicles.
Five classes of notes were issued, rated by S&P Global Ratings and Kroll Bond Rating Agency.
Goldman Sachs & Co. LLC served as lead bookrunner and structuring agent.
This transaction deepens Lendbuzz's access to diverse funding sources.
Lendbuzz has now completed over $2.1 billion in publicly syndicated asset-backed securitizations.
The LBZZ 2025-2 securitization involved the issuance of five distinct classes of notes: Class A-1, Class A-2, Class B, Class C, and Class D. These notes received favorable ratings from leading credit rating agencies, S&P Global Ratings (S&P) and Kroll Bond Rating Agency (KBRA), with ratings of K1+/NR, AAA/AA, AA-/AA-, A-/A-, and BBB/NR, respectively.
Goldman Sachs & Co. LLC played a pivotal role as the lead bookrunner and structuring agent for the transaction. J.P. Morgan Securities LLC, Mizuho, and RBC Capital Markets, LLC, served as joint bookrunners, while MUFG and Regions Securities LLC acted as co-managers, collectively contributing to the successful completion of this significant financial endeavor.
“We are proud to have closed another successful transaction that deepens our access to diverse funding sources,” says George Sclavos, Chief Financial Officer at Lendbuzz. “Our ability to continue to grow our program is a testament to the strength of our investor base and a powerful testament to our investors’ confidence in the performance of our credit model.”
To date, Lendbuzz has successfully completed more than $2.1 billion in publicly syndicated asset-backed securitizations. The company remains committed to expanding this program as a core component of its diverse funding strategy. This additional financial capacity will enable Lendbuzz to further advance its mission of offering fair access to credit for underserved populations, facilitating vehicle ownership for a broader range of consumers.
Lendbuzz is an AI-based financial technology company that helps consumers obtain better access to credit when purchasing a vehicle. Powered by alternative data and machine learning algorithms, Lendbuzz can assess the creditworthiness of consumers with limited credit history—a group underserved by traditional banks. Through our auto dealership partners, Lendbuzz offers consumers attractive financing solutions while opening up opportunities for those dealerships to serve a more diverse customer base. Lendbuzz is headquartered in Boston, Massachusetts and was founded in 2015.
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