Fintech Lender Lendbuzz Files for U.S. IPO Amidst Strong Revenue Growth

Fintech lender Lendbuzz has officially filed for a U.S. initial public offering (IPO), signaling a potential revival in the financial technology listings market. The auto loan platform demonstrated significant growth, with revenue surging 38% in the first half of 2025. For the six months ending June 30, Lendbuzz reported revenue of $172.9 million and a net income of $11.1 million. This represents a substantial increase from the $125.4 million in revenue and $5.6 million in net income recorded in the same period a year prior. Founded in 2015, Lendbuzz leverages artificial intelligence to provide auto loans to individuals who lack traditional credit histories and have faced challenges obtaining financing from traditional banks. The company facilitates its financing services through direct partnerships with car dealerships. In a 2023 funding round, Lendbuzz was valued at nearly $1.1 billion, with key shareholders including venture capital firms 83North and OG Tech Ventures. This filing coincides with a renewed investor appetite for high-growth tech stocks, following a multi-year downturn, which is prompting a gradual return of fintech IPOs. Edward Best, a partner at Willkie Farr & Gallagher, commented, "I expect activity across the broader tech landscape to continue, but AI and fintech will likely remain the most active and closely watched areas of the IPO market this year." The market's health will also be gauged by the recent New York debut of Swedish lender Klarna, whose performance analysts believe will serve as a bellwether for other fintech companies. Lendbuzz and some of its existing shareholders will offer shares in this IPO. Goldman Sachs, J.P. Morgan, RBC Capital Markets, and Mizuho are serving as lead underwriters.