Lendbuzz Files for IPO With 38% Revenue Growth Amid Fintech Rebound

AI-powered auto lender Lendbuzz has filed for a U.S. initial public offering (IPO), signaling renewed investor interest in fintech listings. The company reported a substantial 38% revenue increase for the first half of 2025, reaching $172.9 million and achieving a net income of $11.1 million. This represents a significant growth from the same period in the prior year, when revenue stood at $125.4 million and net income was $5.6 million. Founded in 2015, Lendbuzz utilizes artificial intelligence to offer auto loans to individuals who may face challenges obtaining financing due to limited credit history. The platform collaborates directly with car dealerships. In a 2023 funding round, the company was valued at nearly $1.1 billion. Lendbuzz's public offering comes amid a broader resurgence in the fintech IPO market, with the recent debut of Swedish lender Klarna serving as a positive indicator for the sector. Edward Best, a partner at Willkie Farr & Gallagher, anticipates that AI and fintech will continue to be the most dynamic segments of the IPO market. Lendbuzz and some of its existing shareholders, including venture capital firms 83North and OG Tech Ventures, plan to offer shares in the IPO. The offering is being managed by underwriters Goldman Sachs, J.P. Morgan, RBC Capital Markets, and Mizuho. Reuters had previously reported in 2023 that Lendbuzz was preparing for an IPO.