
Sunbit
Founded Year
2016Stage
Debt | AliveTotal Raised
$1.113BValuation
$0000Last Raised
$355M | 5 mos agoMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
-23 points in the past 30 days
About Sunbit
Sunbit serves as a financial technology company and operates in the credit and lending industry. Its main service is providing a pay-over-time technology that allows customers to spread the cost of everyday needs such as auto repairs, dental care, eye care, and veterinary care. It primarily serves sectors such as the automotive industry, healthcare services, and retail. It was founded in 2016 and is based in Los Angeles, California.
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Sunbit's Product Videos


ESPs containing Sunbit
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The buy now pay later (BNPL) — B2C payments market offers a flexible payment solution for consumers, allowing shoppers to make purchases and split the cost into multiple installments, typically interest-free. BNPL solutions provide an alternative to traditional credit cards and enable customers to make purchases without upfront payment or the need for a credit check. BNPL solutions typically offer…
Sunbit named as Challenger among 15 other companies, including PayPal, Affirm, and Klarna.
Sunbit's Products & Differentiators
Point of sale lending technology
Sunbit's point of sale lending technology enables participating merchants to offer personalized and flexible payment plans to customers. Our technology approves 9/10 people who apply with a 30-second process with minimal data entry. Our AI/ML technology personalizes each offer including the approval amount, down payment required, interest rate offered, and monthly payment plans to choose from.
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Research containing Sunbit
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Sunbit in 1 CB Insights research brief, most recently on May 8, 2024.

May 8, 2024
The embedded banking & payments market mapExpert Collections containing Sunbit
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Sunbit is included in 7 Expert Collections, including Store tech (In-store retail tech).
Store tech (In-store retail tech)
1,800 items
Companies that make tech solutions to enable brick-and-mortar retail store operations.
Unicorns- Billion Dollar Startups
1,270 items
Digital Lending
2,571 items
This collection contains companies that provide alternative means for obtaining a loan for personal or business use and companies that provide software to lenders for the application, underwriting, funding or loan collection process.
Payments
3,123 items
Companies in this collection provide technology that enables consumers and businesses to pay, collect, automate, and settle transfers of currency, both online and at the physical point-of-sale.
Fintech
9,450 items
Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.
Fintech 100
250 items
250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.
Sunbit Patents
Sunbit has filed 1 patent.

Application Date | Grant Date | Title | Related Topics | Status |
---|---|---|---|---|
5/2/2017 | 1/26/2021 | Loans, Mortgage, Credit, Personal finance, Payment systems | Grant |
Application Date | 5/2/2017 |
---|---|
Grant Date | 1/26/2021 |
Title | |
Related Topics | Loans, Mortgage, Credit, Personal finance, Payment systems |
Status | Grant |
Latest Sunbit News
Feb 27, 2025
Spanish Capabilities Will Accelerate Adoption and Foster Inclusion Sunbit , the company building financial technology for real life, announced Spanish-language capabilities for its point-of-sale customer journey for Sunbit’s buy now, pay over time technology product. This enhancement underscores the company’s commitment to continually improving accessibility and making the customer experience as seamless as possible for all consumers and the merchants who offer Sunbit financial technology as a value-added option to their customers. “The introduction of this feature has significantly enhanced our clients’ experience, as it allows them to navigate the program in their preferred language. This addition not only broadens our accessibility but also fosters a more inclusive environment for all users.” “At Sunbit, we are dedicated to refining our offerings to ensure financial solutions are accessible for everyone,” said Idan Tzror, Chief Retail Officer, Sunbit. “The growing Spanish-speaking population in the U.S. significantly impacts the economy by contributing to a large portion of the workforce, driving consumer spending, and fueling economic growth,” continued Tzror. Sunbit offers a seamless, lightning-fast approval process that delivers decisions quickly, removes friction at the point of sale, and helps businesses improve conversion rates and customer satisfaction. The company is continually working to deliver the best, most streamlined consumer experiences, empowering merchants to better serve their customers. Sunbit’s merchants have consistently emphasized the importance of Spanish language capabilities, with more than 40% of the respondents surveyed receiving customer requests for products or services in Spanish 1-3 times per week. And nearly 70% of those surveyed believe that offering products in Spanish will increase credibility, satisfaction, and trust. In early trials, Yoni Gonzalez, Service Director at Downey Nissan, said, “The introduction of this feature has significantly enhanced our clients’ experience, as it allows them to navigate the program in their preferred language. This addition not only broadens our accessibility but also fosters a more inclusive environment for all users.” With this expansion, Spanish-speaking consumers can more conveniently navigate the entire financing process with ease and clarity. Sunbit builds financial technology for real life. Our financial technology products have helped millions of people ease the stress of paying for life’s expenses by giving them more options on how and when they pay. Sunbit’s technology brings no-fee credit cards for top retailers. The company’s BNPL solution is found in over 50% of all auto dealership service centers and is the fastest-growing and second-largest dental patient financing solution. Loans are made by Transportation Alliance Bank, Inc., dba T.A.B. Bank, which determines qualifications for and terms of credit. The Sunbit Card is issued by T.A.B. Bank, pursuant to a license from Visa U.S.A. Inc. Use of the card is subject to the cardholder agreement.
Sunbit Frequently Asked Questions (FAQ)
When was Sunbit founded?
Sunbit was founded in 2016.
Where is Sunbit's headquarters?
Sunbit's headquarters is located at 10940 Wilshire Boulevard, Los Angeles.
What is Sunbit's latest funding round?
Sunbit's latest funding round is Debt.
How much did Sunbit raise?
Sunbit raised a total of $1.113B.
Who are the investors of Sunbit?
Investors of Sunbit include Waterfall Asset Management, J.P. Morgan, Mizuho Financial, Ares Management, Citibank and 13 more.
Who are Sunbit's competitors?
Competitors of Sunbit include Wisetack, Klarna, DigniFi, Whip, Scalapay and 7 more.
What products does Sunbit offer?
Sunbit's products include Point of sale lending technology and 1 more.
Who are Sunbit's customers?
Customers of Sunbit include BDG Dental Services, Altius Healthcare Management and Nissan of Downtown LA.
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Compare Sunbit to Competitors
GreenSky operates as a financial technology company that provides point-of-sale lending solutions within the home improvement sector. The company offers consumer loan programs for contractors to provide financing options to customers, which can facilitate home improvement projects. GreenSky serves the home improvement industry by providing lending solutions to merchants. It was founded in 2006 and is based in Atlanta, Georgia.

SplitIt provides card-linked installment payment solutions within the financial technology sector. The company offers a platform that allows merchants to provide consumers with the ability to pay for purchases in installments using their existing credit cards, without the need for new loans or applications. SplitIt serves various industries, including automotive, consumer electronics, education, and healthcare, by providing services such as e-commerce installments, omnichannel payment solutions, and a 'pay after delivery' option. SplitIt was formerly known as PayItSimple. It was founded in 2012 and is based in Atlanta, Georgia.

Zilch provides buy now pay later services across various online retail sectors. The company offers a payment solution that allows customers to make purchases and pay for them over six weeks. It primarily serves the ecommerce industry with its virtual Mastercard. The company was founded in 2018 and is based in London, United Kingdom.
Butter focuses on financial services in the e-commerce sector. It offers a service that allows customers to make online purchases and pay for them over time, including for items such as travel, fashion, tech, and home goods. The company primarily serves the e-commerce industry. Butter was formerly known as Awaymo. It was founded in 2017 and is based in London, United Kingdom.

Alma specializes in payment solutions for the electronic commerce and retail sectors. The company offers services that allow customers to make purchases in installments or defer payments. Its solutions provide guaranteed payments to merchants. The company was founded in 2018 and is based in Paris, France.

Klarna provides payment solutions and shopping services. The company offers price comparison, installment payments, and consumer financing for online shopping. Klarna serves the ecommerce industry, providing services to both consumers and retailers. Klarna was formerly known as Kreditor . It was founded in 2005 and is based in Stockholm, Sweden.
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