Connect with us

Hi, what are you looking for?

Jewish Business News


Israel’s Lendbuzz Hits Unciron Status at $1.1 Billion Valuation

Lendbuzz hit that valuation with a $345 million raise led by Group 1001.


Lendbuzz co-founder Dan Raviv (left) and Amitay Kalma (company PR pic)

Israeli fintech startup Lendbuzz, which offers an AI based auto finance platform for people seeking a line of credit, is just the latest Israel Startup Nation firm to achieve the coveted unicorn status. The company hit a $1.1 billion valuation with a $345 million raise led by Group 1001 that included $45 million in equity funding.

Founded in 2015 by CEO Amitay Kalmar and CTO Dan Raviv, Lendbuzz uses Big Data analytics to “significantly” improve access to credit for international students and professionals living in the US. The Israeli founders explain that they decided to found the company when living in the U.S. themselves. There they saw how difficult it was to qualify for small loans or to obtain credit.

Big data analytics is the process of analyzing large and complex datasets to discover patterns, trends, and correlations. It is a powerful tool that can be used to improve decision-making in a wide range of industries, including healthcare, finance, retail, and manufacturing.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at
Thank you.

While everywhere you go in America companies may throw credit cards with lines of credit at you, this is because they hope to make a lot of money on the interest charged over late payments. But qualifying for a mortgage, a small business loan or a personal loan is a different story entirely. In the U.S. it is all about your credit rating which is determined by nameless people who you will never meet.

Big data analytics is a rapidly growing field with a wide range of applications. As businesses and organizations continue to collect more data, big data analytics will become even more important.

So, says LendBuzz, the company is not interested merely in a person’s credit score, it focuses on their customers’ background information such as employment, educational, financial or personal history to assess their creditworthiness and grant the customer a loan.

Lendbuzz says that they offer their international customers access to car loans and car refinancing at “exceptionally attractive terms and rates regardless of credit history, credit score and lack of social security number.”

“While many companies and industries are just starting to realize the impact of AI, we have been at the forefront of utilizing deep neural networks and machine learning technology in consumer credit underwriting,” said Amitay Kalmar CEO of Lendbuzz. “Our focus remains on using alternative data and machine learning to provide better access to credit for underserved populations, and better software solutions for our growing network of dealership partners nationwide.”



You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...


The Movie The Professional is what made Natalie Portman a Lolita.


After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.