Lendbuzz, an auto finance fintech company based in Boston, filed for an IPO with a target valuation of approximately $1.5 billion. The company utilizes alternative data and machine learning to evaluate creditworthiness for consumers with limited financial histories and is looking to go public amidst a trend of recent fintech IPOs. Goldman Sachs and JPMorgan are managing the offering.
+ fintech
ipo ✓
auto-finance ✓
creditworthiness ✓
machine-learning ✓