Lendbuzz, an auto finance fintech company, is planning to file an IPO prospectus targeting a valuation of around $1.5 billion. The company uses alternative data and machine learning algorithms to assess creditworthiness. Lendbuzz’s loans are funded through asset-backed securitization, warehouse loans, and portfolio sales to institutional investors. Goldman Sachs and JPMorgan are managing the offering.

Traders are anticipating Lendbuzz’s IPO as the company aims to go public with a $1.5 billion valuation. Lendbuzz uses innovative technology to evaluate creditworthiness and fund loans through various channels. Fellow fintech companies like Klarna and Chime have recently gone public, with mixed results. Goldman Sachs and JPMorgan are handling Lendbuzz’s offering.

Read more at CNBC: Fintech firm Lendbuzz to file for IPO