Sunbit
Founded Year
2016Stage
Debt | AliveTotal Raised
$1.113BValuation
$0000Last Raised
$355M | 4 mos agoMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
-27 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.
Loading...
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.
Loading...
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)
1,773 items
Companies that make tech solutions to enable brick-and-mortar retail store operations.
Unicorns- Billion Dollar Startups
1,258 items
Digital Lending
2,531 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
3,083 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
9,394 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
Jan 23, 2025
LOS ANGELES & DAYTON, Ohio--(BUSINESS WIRE)--Dealerships will be able to convert more repair orders via innovative automated prescreening technology
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, Mizuho Financial, J.P. Morgan, Ares Management, Citibank and 13 more.
Who are Sunbit's competitors?
Competitors of Sunbit include Klarna, DigniFi, Wisetack, 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.
Loading...
Compare Sunbit to Competitors
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.
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.
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.
Klarna is a financial technology company that 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. It was founded in 2005 and is based in Stockholm, Sweden.
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.
PayJoy is a financial service provider that offers smartphone financing with the option to pay in installments and provides cash loans using patented technology that leverages smartphones as digital collateral. The company focuses on providing access to credit for individuals who may not have traditional banking accounts. It was founded in 2015 and is based in San Francisco, California.
Loading...