Lendbuzz, which specialises in improving access to credit for consumers purchasing vehicles, has secured a $100m warehouse facility with Mizuho Americas.
This collaboration marks a pivotal step in expanding and diversifying Lendbuzz’s sources of committed capital. By assessing the creditworthiness of consumers across the credit spectrum, Lendbuzz addresses the needs of individuals often underserved by traditional banks.
Lendbuzz Chief Financial Officer, George Sclavos, highlighted the importance of Mizuho’s role in their strategic growth, stating, “We are excited to partner with Mizuho, further expanding and diversifying our sources of committed capital.
“We look forward to continuing to grow our relationship with a global bank such as Mizuho as a trusted advisor and important provider of capital.”
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