Lendbuzz posts 38% revenue surge ahead of U.S. IPO

Auto-loan fintech Lendbuzz disclosed a sharp 38% jump in revenue in its U.S. IPO filing, underscoring renewed investor interest in fintech listings after years of market slowdown.

The Boston-based company reported $172.9 million in revenue and $11.1 million in net income for the first half of 2025, up from $125.4 million revenue and $5.6 million profit a year earlier. Lendbuzz and some existing shareholders will sell shares in the offering, with the stock set to trade on Nasdaq under the ticker “LBZZ”.

Founded in 2015, Lendbuzz uses artificial intelligence to provide auto loans for borrowers with little or no credit history, positioning itself as an alternative to traditional banks. The company partners with car dealerships and was last valued at $1.1 billion in a 2023 funding round. Its major backers include venture firms 83North and OG Tech Ventures.

The IPO will be led by Goldman Sachs, J.P. Morgan, RBC Capital Markets, and Mizuho.

The listing follows Swedish buy-now-pay-later firm Klarna’s New York debut earlier this week, a long-awaited moment seen as a test case for fintech IPOs. Analysts suggest Klarna’s aftermarket performance will act as a bellwether for firms like Lendbuzz hoping to benefit from the rebound in tech listings.

Edward Best, partner at Willkie Farr & Gallagher, said IPO activity will likely remain strongest in AI and fintech, reflecting where investor excitement is concentrated.