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 $100 million warehouse facility with Mizuho Americas.

Lendbuzz focuses on assessing the creditworthiness of consumers across the credit spectrum, many of whom are underserved by traditional banks, utilizing its proprietary AI-powered solution, and offering its consumers a modern, digital lending experience.

“We are excited to partner with Mizuho, further expanding and diversifying our sources of committed capital,” said George Sclavos, Chief Financial Officer of Lendbuzz. “We look forward to continuing to grow our relationship with a global bank such as Mizuho as a trusted advisor and important provider of capital.”

“Mizuho is proud to support Lendbuzz in financing its strategic growth by providing new pools of capital to fund its loan operations” said Diane Ferguson, Head of Financial Institutions, Investment & Corporate Banking at Mizuho Americas. “We are honored to add market leader Lendbuzz to the ranks of our client roster.”