Lendbuzz, an AI-driven fintech company that enhances consumer access to credit for vehicle purchases, announced a new $400 million forward flow agreement with Viola Credit, a global alternative asset manager specializing in asset-based lending solutions for innovative technology-enabled lenders.
This new commitment continues a long-standing partnership between Lendbuzz and Viola Credit, which has seen over $1 billion in financing and asset purchase transactions since 2018. The additional forward flow program will enable Lendbuzz to expand its reach and serve more borrowers through its AI-based auto finance platform. Lendbuzz uses alternative data and machine-learning algorithms to assess the creditworthiness of consumers across the credit spectrum, particularly those underserved by traditional banks, while offering a modern, digital lending experience.
“We are thrilled to continue our collaboration with Viola Credit, a key supporter since our early days,” said Amitay Kalmar, Co-Founder and CEO of Lendbuzz. “This partnership furthers our mission to provide better access to credit for underserved consumers across the U.S. and allows us to stay at the forefront of AI and machine learning in consumer credit. Our proprietary technology and underwriting engines have proven effective and valuable for consumers across the U.S.”
Ido Vigdor, Managing Partner of Viola Credit, added, “We are excited to deepen our partnership with Lendbuzz as they continue to scale their origination business. We have had the privilege of witnessing the company’s growth and consistent performance since its inception and look forward to continuing to support their efforts while providing our investors access to attractive assets generated by Lendbuzz.”
