Articles from Sunbit

Sunbit, the company building financial technology for real life, today announced its inclusion on the 2026 Forbes Fintech 50 list, for the third consecutive year. Sunbit, which has incorporated its advanced, AI-native consumer lending technology into market-leading co-branded and rewards credit cards and in-person BNPL offerings, is known for bringing fast, transparent, and appealing financing to American consumers, without fees.

Sunbit, the personalized financial partner for everyday life, today announced the appointment of Shachar G. Scott as Chief Marketing Officer, signaling a pivotal next chapter in the company’s growth. Scott brings more than 25 years of experience building and scaling global brands across technology and consumer products with leadership roles at Meta (NASDAQ: META), Apple (NASDAQ: AAPL), Bumble (NASDAQ: BMBL) and Snap (NYSE: SNAP).

Sunbit, the company building financial technology for real life, today announced the appointment of Shai Terem as Chief Financial Officer. Terem brings more than 15 years of executive leadership spanning growth strategy, financial operations, and capital markets, which will be instrumental as Sunbit continues to scale its platform and prepares for its next phase of growth and maturity.

Inc., the leading media brand and playbook for the entrepreneurs and business leaders shaping our future, today announced that fintech Sunbit has ranked No. 1374 on the annual Inc. 5000 list, the most prestigious ranking of the fastest-growing private companies in America. The list provides a data-driven snapshot of the most successful companies within the economy’s most dynamic segment—its independent, entrepreneurial businesses. Past honorees include companies such as Microsoft, Meta, Chobani, Under Armour, Timberland, Oracle, and Patagonia.

Sunbit, the company building financial technology for real life, today announced the successful completion of its inaugural asset-backed securitization (ABS), a $200 million notes offering that achieved a AA rating for the senior tranche and priced at an all-in fixed yield of 5.713%. The transaction was led by Citi (Sole Structuring Agent and Joint Lead Bookrunner), with J.P. Morgan and ATLAS SP Partners as Joint Lead Bookrunners, and represents a significant milestone that positions Sunbit among a select group of leading fintechs successfully executing capital market transactions – signaling market confidence and momentum behind the company’s positive growth trajectory.

Ernst & Young LLP (EY US) announced that Arad Levertov, CEO of Sunbit was named an Entrepreneur Of The Year 2025 Greater Los Angeles Award winner. Entrepreneur Of The Year is the preeminent competitive awards program for entrepreneurs and leaders of high-growth companies. For 40 years, EY US has celebrated ambitious entrepreneurs who are transforming industries, impacting communities and creating long-term value.

Sunbit, the company building financial technology for real life, has received 5 awards in 4 months from industry leaders, including the Association of Dental Support Organizations (ADSO), Deloitte, Forbes, Inc., and the Los Angeles Business Journal. These awards recognize Sunbit’s rapid growth trajectory and innovation as it transforms customer and merchant experiences in point-of-sale financing and cobranded credit cards.

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.

Sunbit, the company building financial technology for real life, announces an integration partnership with the Reynolds and Reynolds Company, the leading provider of automotive dealership software, documents, and professional services. The integration, which is set to launch in Q2 2025, will enable dealerships to convert more repair orders by utilizing the Reynolds Retail Management System and Sunbit's financing technology to leverage real-time data and prescreen customers at different stages of the service journey.

CareStack, known for their all-in-one cloud-based practice management software (PMS), and Sunbit, the company building financial technology for real life, has announced a partnership to seamlessly bring Sunbit’s patient financing technology solutions to dental care teams using CareStack. Now, teams using CareStack’s PMS can discuss and present Sunbit with every patient at multiple points within the patient journey without ever having to leave their PMS interface. This integration is designed to save dental teams valuable time, with a lightning-fast application that ultimately supports patients in accessing the care they need.

Sunbit, the company building financial technology for real life, announced today that it closed a $355 million debt warehouse facility led by J.P. Morgan, Mizuho Bank Ltd. and Waterfall Asset Management. This marks Sunbit’s second debt warehouse facility announcement in 2024, following the news of a $310 million facility with Citi and Ares Management earlier this year.

Sunbit, the company building financial technology for everyday expenses, today announced a strategic partnership with Stripe, a financial infrastructure platform for businesses. This embedded finance collaboration brings Sunbit’s innovative technology solutions to a broader spectrum of in-person service businesses, including healthcare, home services, automotive parts, service & repairs, medspa, eyewear, pet care, and more.

Inc. revealed today that Sunbit, the company building financial technology for everyday expenses, ranks No. 638 on the 2024 Inc. 5000, its annual list of the fastest-growing private companies in America. The prestigious ranking provides a data-driven look at the most successful companies within the economy’s most dynamic segment—its independent, entrepreneurial businesses. Microsoft, Meta, Chobani, Under Armour, Timberland, Oracle, Patagonia, and many other household-name brands gained their first national exposure as honorees on the Inc. 5000.

Sunbit, the company building financial technology for everyday expenses, announced today it had achieved more than 50% market share among authorized automotive dealerships in the US, expanding its BNPL footprint in service and repair drives. Since launching in the auto services sector, Sunbit has facilitated $1.7 billion in revenue while helping more than 1.8M auto dealership customers get back on the road and stay there. Over 90% of people who applied for financing through Sunbit technology were approved, and more than 75% decided to move forward with the financing offer.

Sunbit, the company building financial technology for everyday expenses, announced it is number 47 out of 500 on The Financial Times’ key list of The Americas’ Fastest Growing Companies 2024 and #3 among the Fintech, Financial Services & Insurance companies represented. The company was also named a Best Startup Employer (Forbes) and the recipient of the Best Consumer BNPL Platform (Fintech Breakthrough) award for 2024.

Inc. magazine today revealed that Sunbit is No. 30 on its fourth annual Inc. 5000 Regionals: Pacific list, the most prestigious ranking of the fastest-growing Pacific private companies, based in California, Oregon, Washington, Hawaii, Alaska. Born of the annual Inc. 5000 franchise, this regional list represents a unique look at the most successful companies within the Pacific economy’s most dynamic segment– its independent small businesses.

Sunbit, the company building financial technology for everyday expenses, announced today that it was selected for the 2024 Forbes Fintech 50 list, the ninth annual list of the most innovative private fintech companies. Sunbit was one of only 13 new additions, and one of the few fintechs focused on personal finance to be represented. It is the only BNPL company to have made the 2024 list. An independent team of editors and reporters evaluated applications on everything from product innovation and business growth to leadership team diversity.

Shiekh Shoes, a premier retailer in the footwear and apparel industry, has announced a strategic alliance with Sunbit, a leader in financial technology, to introduce the Shiekh Credit Card. The co-branded retail credit card, the Shiekh Credit Card, was built on the Sunbit Credit Card platform and is designed to enhance the shopping experience and foster brand loyalty.

Sunbit, the company building financial technology for everyday expenses, announced today that it closed a $310 million debt warehouse facility led by Citi and Ares Management Credit funds. Established in 2016 to transform how consumers access, use and benefit from credit, Sunbit will leverage the funds to meet ever-increasing consumer demand for the company’s market-dominant Buy Now, Pay Later (BNPL) solution and the next-gen, no-fee Sunbit Card.

Sunbit announced it ranked 139 on the Deloitte Technology Fast 500™, a ranking of the fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies in North America, now in its 29th year. Sunbit grew 1021% during this period.