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Lendbuzz secures $100M from Japan’s largest bank

MUFG funds to support subprime lender’s origination growth 

Ash SavagebyAsh Savage
June 5, 2024
in Capital & Funding
Reading Time: 2 mins read
0

AI-driven subprime auto lender Lendbuzz has secured a $100 million credit facility with the Mitsubishi UFJ Financial Group to grow origination volume.  The funding from Mitsubishi UFJ Financial Group (MUFG) will allow Boston-based Lendbuzz to increase loan originations for underserved consumers, according to a June 4 release from the lender. . Tokyo-based MUFG has invested […]

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Tags: ailendbuzzMUFJPremium
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