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 +1
Founders / Decision Makers
Cait Finnigan Brittain  — Head of Customer Strategy & Operations
Employees 547
Industries E-Commerce, Finance, Fintech +1
Funding Stage Debt Financing
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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.

Taxonomy: 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 23 Jan 2024
Debt Financing $250.00M 1 05 Dec 2022
Series D $130.00M 8 Migdal Insurance and Financial Holdings, Harel Insurance and Financial +1 20 May 2021
Series C $26.00M - 08 Sep 2020
Series B $26.00M 6 Oren Dobronsky, Alumni Ventures 12 Jun 2019

View All 8 Funding Rounds

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 the following industries: E-Commerce, Finance, Fintech, Retail.
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 MobyPay, Twisto, A Param Company, Payright, LeanPay, American First Finance. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Sunbit and MobyPay 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.

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