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Full-Time

Floorplan Sales Associate

Confirmed live in the last 24 hours

Lendbuzz

Lendbuzz

201-500 employees

Provides auto loans for international students

Automotive & Transportation
Fintech

Entry, Junior

Remote in USA

Category
Field Sales
Sales & Account Management
Requirements
  • Outstanding customer, communication, and organizational skills
  • High level of integrity
  • Strong sense of teamwork yet able to work independently
  • Strong interpersonal skills and ability to interact with others
  • Prior experience at a dealership, auction, or in floorplan/auto lending a plus but not required
Responsibilities
  • Engage new and current dealerships in person to drive growth by achieving goals and performance targets
  • Strategize with the floorplan operations team to plan and execute programs for new dealerships
  • Provide feedback to the floorplan team about dealership program needs
  • Utilize platforms and tools required for floorplan underwriting and originations
  • Optimize dealerships’ utilization of credit lines
  • Help support the company with risk management, risk mitigation recovery, and collections

Lendbuzz provides auto loans specifically designed for international students and professionals in the United States who may struggle to secure financing through traditional lenders. The company uses advanced data analytics and machine learning to evaluate the creditworthiness of borrowers, focusing on a wider range of financial and personal data rather than just credit scores. This approach allows Lendbuzz to cater to a niche market that is often overlooked by conventional financial institutions. Borrowers can apply for loans online, verify their information easily, and sign documents digitally, making the process user-friendly. Lendbuzz earns revenue by charging interest on loans and may also receive fees from car dealerships for facilitating the loan process. The goal of Lendbuzz is to make auto financing more accessible to those who typically face challenges in obtaining loans.

Company Stage

N/A

Total Funding

$1.5B

Headquarters

Boston, Massachusetts

Founded

2015

Growth & Insights
Headcount

6 month growth

16%

1 year growth

28%

2 year growth

71%
Simplify Jobs

Simplify's Take

What believers are saying

  • Securing $100 million from Japan's largest bank and a $330 million forward flow agreement with AB CarVal Funds indicates strong financial backing and growth potential.
  • The company's innovative use of AI and alternative data allows it to serve a broader range of customers, potentially leading to higher market penetration.
  • Recent asset-backed securitizations, including a $219 million deal, demonstrate Lendbuzz's ability to attract significant investment and expand its loan offerings.

What critics are saying

  • The reliance on advanced data analytics and machine learning models may pose risks if these technologies fail to accurately assess creditworthiness.
  • The niche focus on international students and professionals could limit market size and growth opportunities.

What makes Lendbuzz unique

  • Lendbuzz leverages advanced data analytics and machine learning to assess creditworthiness, unlike traditional lenders that rely heavily on credit scores.
  • The company specifically targets international students and professionals, a niche market often underserved by conventional financial institutions.
  • Lendbuzz's seamless, user-friendly online application process sets it apart from more cumbersome traditional loan procedures.

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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