Auto dealer Tricolor filed for Chapter 7 bankruptcy in Texas court on Wednesday, moving to liquidate its business a day after Fifth Third Bank warned of alleged fraudulent activity at the company.
HOUSTON — A Texas-based auto dealer and lender that once billed itself as a financial lifeline for underserved buyers is now bankrupt, leaving thousands of customers with unanswered questions.
Key Insight: Lendbuzz is the latest fintech to join a resurging IPO market. Supporting Data: Lendbuzz H1 2025 revenue $172.9 million (38% YoY); net income $11.1 million (98% YoY). Forward Look: ...
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