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
  • Responsible for weekly travel to dealers in the Texas region

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 for individuals with limited credit history in the U.S.

Company Stage

N/A

Total Funding

$246.1M

Headquarters

Boston, Massachusetts

Founded

2015

Growth & Insights
Headcount

6 month growth

11%

1 year growth

31%

2 year growth

77%
Simplify Jobs

Simplify's Take

What believers are saying

  • Growing demand for alternative credit assessment methods supports Lendbuzz's AI-driven approach.
  • Partnerships with banks like Mizuho enhance Lendbuzz's competitive position.
  • The expanding market of international students increases Lendbuzz's target audience.

What critics are saying

  • Competition from fintechs with similar AI solutions could reduce Lendbuzz's market share.
  • Rising U.S. interest rates may affect Lendbuzz's loan attractiveness and profitability.
  • Regulatory scrutiny on AI models could increase compliance costs for Lendbuzz.

What makes Lendbuzz unique

  • Lendbuzz uses AI to assess creditworthiness beyond traditional credit scores.
  • The company targets international students and immigrants with limited U.S. credit history.
  • Lendbuzz partners with auto dealerships to offer tailored 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