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- Lendbuzz Secures $400 Million Forward Flow Program with Viola Credit
Lendbuzz Secures $400 Million Forward Flow Program with Viola Credit
Anne Roque & Slice of Finance Team
22 Aug
Key Highlights:
Lendbuzz secures a $400 million forward flow program from Viola Credit.
The partnership has exceeded $1 billion in financing and asset transactions since 2018.
Lendbuzz’s AI-based platform continues to advance credit access for underserved consumers.
Viola Credit remains committed to supporting Lendbuzz’s growth and origination.
Source (Business Wire)
Notable Quotes:
"This partnership advances our mission to provide better access to credit for underserved consumers across the U.S. and allows us to remain at the forefront of utilizing AI and machine learning in consumer credit."
"We are privileged to have had a front row view of the company’s growth and consistent performance since its earliest days and look forward to continuing to support the company’s origination while providing our investors with access to attractive assets that it originates."
Our Take:
The $400 million forward flow program secured by Lendbuzz from Viola Credit is a testament to the company’s robust growth and the effectiveness of its AI-driven approach to auto financing. By leveraging alternative data and machine learning, Lendbuzz is uniquely positioned to serve a segment of the market that is often overlooked by traditional banks. This continued partnership with Viola Credit not only bolsters Lendbuzz’s financial strength but also reaffirms the value of innovative fintech solutions in expanding credit access to underserved populations. As Lendbuzz continues to scale, this strategic alignment will likely enhance its competitive advantage in the auto finance industry.