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Boston based provider of auto loans for expats and international students raised $150m in debt and equity funding - the debt led by BHI, ConnectOne Bank, IDB Bank, Viola Credit, and a large insurance company, and the equity led by 83North.
Amitay Kalmar, co-founder and CEO of Lendbuzz: "This is a significant step forward for Lendbuzz. The capital will allow us to further accelerate our fast-growing car financing platform and enhance our ability to provide the best terms to borrowers that do not have an established U.S. credit history.” Dr. Dan Raviv, co-founder and CTO of Lendbuzz added: "We developed a unique underwriting platform based on alternative data points to evaluate credit risk. Our AutoML Deep Neural Network (DNN) system is continuously improving and allows us to evaluate the true credit risk for people with a limited credit file or missing FICO score.”
https://finance.yahoo.com/news/lendbuzz-secures-150-million-car-120000339.html
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