Lendbuzz IPO set to hit Nasdaq as profits nearly double

Boston-based Lendbuzz, an Israeli-founded fintech platform spfecializing in AI-powered auto loans, is poised to make its public debut on the Nasdaq. The company, founded by Amitay Kalmar and Dan Raviv, is entering the IPO market amid renewed investor interest in fintech and AI-driven technology. It is estimated to be targeting a valuation of $1.5 billion. Calcalist first revealed the details last month.

The offering comes as Lendbuzz reports a sharp increase in financial performance. In the first half of 2025, the firm posted revenue of $172.9 million, up 38% from $125.4 million during the same period in 2024. Net income nearly doubled to $11.1 million from $5.6 million a year earlier. The growth underscores the market appetite for lending platforms that leverage artificial intelligence to extend credit to underbanked consumers, particularly in the auto finance sector.

Founded in 2015, Lendbuzz has built a business model targeting customers who struggle to access traditional auto loans due to limited or poor credit history. By partnering with car dealerships, the company uses AI-based assessments to underwrite loans, aiming to open the market to a broader range of consumers.

Lendbuzz has raised $345 million to date, including a $45 million equity round at a $1.1 billion valuation in 2023. Investors in the company include venture capital heavyweights 83North, Eyal Ofer’s O.G. Venture Partners, Arkin Group, Mivtach Shamir, and Highsage Venture. Mivtach Shamir’s latest reporting indicates its early 10% stake in the company has fallen to approximately 3%, valuing Lendbuzz near $1.5 billion, the same target set for the IPO.

The Nasdaq listing is expected to include share sales by both the company and existing investors. Analysts note that the success of recent fintech IPOs, such as Swedish buy-now-pay-later lender Klarna, will likely serve as a bellwether for Lendbuzz and other high-growth companies seeking public capital.