Internship
Lendbuzz
201-500 employees
Provides auto loans for international students
No salary listed
Cambridge, MA, USA
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- Good Knowledge of core JavaScript Concepts
- Experience with React or similar frontend JS framework
- Real-world problem-solving skills (Good with edge case situations while coding)
- Worked with any kind of MVC framework
- Comfortable working with SCSS
- Experience with modern front-end tooling and practices
Lendbuzz provides auto loans specifically designed for international students and professionals in the United States who may have limited or no credit history. The company uses advanced data analytics and machine learning to evaluate borrowers' creditworthiness by considering a wider range of financial and personal data, rather than relying solely on traditional credit scores. This approach allows Lendbuzz to serve a niche market that is often overlooked by conventional lenders. The loan application process is user-friendly, enabling borrowers to apply online, verify their information easily, and sign documents digitally. Lendbuzz earns revenue by charging interest on loans and may also receive fees from car dealerships for facilitating the loan process. The company's goal is to make auto financing more accessible to those who typically face challenges in securing loans.
Company Size
201-500
Company Stage
N/A
Total Funding
$2.4B
Headquarters
Boston, Massachusetts
Founded
2015
Simplify's Take
What believers are saying
- Lendbuzz secured a $400 million agreement with Viola Credit in 2023.
- The company won the 'Consumer Lending Innovation Award' in 2023.
- Lendbuzz's $262 million securitization boosts its financial stability.
What critics are saying
- Increased competition from fintech companies could erode Lendbuzz's market share.
- Potential regulatory scrutiny on AI models may impact Lendbuzz's operations.
- Economic downturns could reduce demand for auto loans, affecting Lendbuzz's revenue.
What makes Lendbuzz unique
- Lendbuzz uses AI to assess creditworthiness beyond traditional credit scores.
- The company targets international students and professionals with limited U.S. credit history.
- Lendbuzz partners with auto dealerships to offer seamless financing solutions.
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Benefits
Dental & health insurance
401(k)
Company outings
Fitness center
Unlimited PTO
Stocked kitchen
Company issued hardware
Cool swag
Flexible working hours
Growth & Insights and Company News
6 month growth
↑ 0%1 year growth
↑ 1%2 year growth
↑ 0%Lendbuzz wins "consumer Lending Innovation Award" in 9th annual FinTech Breakthrough Awards Program.
Lendbuzz, an AI-based fintech company that helps consumers obtain better access to credit when purchasing a vehicle, announced today that it has closed a $262 million securitization
Lendbuzz announces a new $400 million forward flow agreement with Viola Credit.
Lendbuzz welcomes Steve Linehan to board of directors.
Lendbuzz secures $100M from japan's largest bank.