Sunbit logo — Financial technology for real life. We're available in over...

Sunbit

Financial technology for real life. We're available in over 40,000 locations & growing.

Founded 2016 United States Los Angeles, United States 547 employees Debt Financing Total: $769.97M E-Commerce, Finance +2

General Information

Company Name Sunbit
Founded Year 2016
Location United States Los Angeles, United States
Founders / Decision Makers
Team member
Employees 547
Industries E-Commerce, Finance, Fintech +1
Funding Stage Debt Financing
Social

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About Sunbit

Sunbit is a financial technology startup that has been providing solutions for real-life expenses since its establishment in 2016. The company's slogan, "Financial technology for real life," encapsulates its mission of easing the burden of expenses for individuals. With its innovative technology, Sunbit has been able to approve the majority of applicants, thus providing more flexibility in payment options. The startup offers a no-fee credit card and point-of-sale lending technology, which is available at over 23,000 service locations, including auto dealership service centers, optical practices, dentist offices, and specialty healthcare services. Sunbit's recent milestone includes a notable $310.00M Debt Financing investment in January 2024, with Citigroup and Ares Management leading the investment round. This substantial investment signifies a vote of confidence from prominent investors in the potential of Sunbit's offerings. The company operates in the E-Commerce, Finance, Fintech, and Retail sectors, with its headquarters situated in the United States. Sunbit's rapid growth and strong investor backing position it as a noteworthy player in the financial technology space, poised for further expansion and success.

Business keywords: point-of-sale lending, credit card, consumer finance, point-of-sale financing, technology, next-gen financial services, alternative finance, credit approval technology, retail financing, consumer credit, service financing, payment flexibility, consumer privacy, NMLS authorized lender

Funding Rounds & Investors (8)

View All
Funding Stage Amount Investors Lead Investors Date
Debt Financing $310.00M 2
Citigroup, Ares Management
23 Jan 2024
Debt Financing $250.00M 1
Waterfall Asset Management
05 Dec 2022
Series D $130.00M 8
AltaIR Capital, Group 11 +6
20 May 2021
Series C $26.00M -
08 Sep 2020
Series B $26.00M 6
Chicago Ventures, Group 11 +4
12 Jun 2019
Series A $25.00M 3
Chicago Ventures, Group 11 +1
01 Jan 2017
Seed Round $2.85M 7
Heroic Ventures, Chicago Ventures +5
13 Sep 2016
Pre Seed Round $120.00K 1
Alumni Ventures
01 Jan 2016

Sunbit Alternatives & Competitors

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FAQ About Sunbit

Financial technology for real life. We're available in over 40,000 locations & growing.
Sunbit was founded in 2016.
Sunbit is headquartered in Los Angeles, United States.
Sunbit operates in E-Commerce, Finance, Fintech and Retail. Its work centres on point-of-sale lending, credit card, consumer finance and point-of-sale financing.
Sunbit has approximately 547 employees.
Sunbit has completed 8 funding rounds, raising a total of $769.97M. The latest funding stage is Debt Financing.
Top alternatives and competitors to Sunbit include blnk, Payl8r, Sezzle, Atome, Axify.shop. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Sunbit and blnk are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Sunbit, https://bouncewatch.com/company/sunbit, updated 20 May 2026. When citing, please name BounceWatch and link this page.

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