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Sunbit - Company Overview, Founder, CEO, Funding & Investment Details

Complete information about Sunbit including founder details, CEO information, total funding raised, headquarters location, team size, and recent investment rounds.

Sunbit company logo

Financial technology for real life. We're available in over 25,000 locations & growing.

Sunbit builds financial technology for real life, offering options for consumers to manage expenses without stress. Its technology allows for no-fee credit cards and buy now, pay later solutions available in over 25,000 service locations.

HeadquartersLos Angeles, United States
Team size351-500
Founded2016

What is Sunbit? - Company Overview & Details

Sunbit is Sunbit builds financial technology for real life, offering options for consumers to manage expenses without stress. Its technology allows for no-fee credit cards and buy now, pay later solutions available in over 25,000 service locations. Founded in 2016, the company is headquartered in Los Angeles, United States.

Who Founded Sunbit?

Sunbit was founded by Arad Levertov, Tal Riesenfeld, Ornit Dweck-Maizel.

Who are the Key Executives at Sunbit? - Leadership Team

Sunbit is led by experienced executives in key positions:

Chief Executive Officer (CEO) of Sunbit

Arad LevertovCEO

Chief Technology Officer (CTO) of Sunbit

Ornit Dweck-MaizelCTO

About Arad Levertov - CEO of Sunbit

Arad Levertov serves as the Chief Executive Officer of Sunbit, leading the company's strategic vision and operations. Connect with them on LinkedIn for professional insights.

Sunbit Company Details & Key Information

Where is Sunbit located?

Sunbit is headquartered in Los Angeles, United States.

How many employees does Sunbit have?

Sunbit has 351-500 employees.

When was Sunbit founded?

Sunbit was founded in 2016.

Sunbit Official Website

How much funding has Sunbit raised?

Sunbit has raised $1.1 Billion across 9 funding rounds. The most recent funding was completed on 2024-12-04.

Funding Overview

Sunbit has raised a total of $1.1 billion through various funding rounds, showcasing significant support for its operations.

$1.1 Billion
Total Funding Raised
9
Funding Rounds
2024-12-04
Latest Round

Sunbit Funding History

Debt financing
2024-12-04
$355 million$1.1 Billion valuation
Debt financing
2024-02-23
$310 million
Debt financing
2023-01-05
$250 million

Who are the key investors in Sunbit?

Sunbit is backed by 5 key investors including Zeev Ventures, Ares Management, Citi. These investors focus on FinTech, Consumer Finance sectors.

Sunbit Investor Overview

5
Key Investors
2
Focus Areas
2
Notable Investments

Complete List of Sunbit Investors

Zeev Ventures

An early-stage venture fund known for investments in innovative technology companies.

Investment Focus
FinTech
Consumer Finance
Notable Portfolio Companies
Audible
Chegg

Ares Management

Citi

Waterfall Asset Management

Mizuho Bank

What sectors do Sunbit investors focus on?

The investors backing Sunbit primarily focus on FinTech, Consumer Finance sectors.

FinTech
Consumer Finance

Featured Investor: Zeev Ventures

Zeev Ventures

An early-stage venture fund known for investments in innovative technology companies.

Notable Investments: Audible, Chegg

What are Sunbit's future plans?

Sunbit Sunbit aims to expand its integration and technology for various retail segments.

Sunbit Strategic Outlook

Strategic Focus
Defined
2
Key Challenges
2
Growth Opportunities

What challenges does Sunbit face?

Sunbit has identified 2 key challenges that need to be addressed for continued growth and success.

Key Challenges for Sunbit

1

Increasing competition in the FinTech space

2

Maintaining high approval rates amidst rising defaults

What opportunities does Sunbit have?

Sunbit has identified 2 key opportunities for growth and market expansion.

Growth Opportunities for Sunbit

1

Growth in partnerships with retail and service providers

2

Expanding into new markets and industries

Sunbit Strategic Position Summary

Key Focus Areas

Sunbit is addressing 2 strategic challenges to strengthen its market position.

Growth Potential

The company has identified 2 key opportunities for expansion and growth.

What are the latest news about Sunbit?

Sunbit has 2 recent news updates covering key business developments and market activities.

Sunbit News Overview

2
Recent Articles
Active
Media Coverage
2024-12-11
Latest Update

What is Sunbit in the news for?

Sunbit is currently featured in news for Sunbit secures $355 million facility to fuel expansion. and other significant business developments.

Recent News Articles About Sunbit

Article 1
2024-12-11

Sunbit secures $355 million facility to fuel expansion.

Sunbit, a leader in financial technology solutions, has closed a $355 million debt warehouse facility to fuel its expansion.

thefinancialtechnologyreport.com
Read News
Article 2
2025-01-15

Sunbit partners with CareStack.

CareStack integrates Sunbit's leading pay-over-time tech in CareStack PMS, providing seamless patient financing options.

fintechfutures.com
Read News

Sunbit FAQ - Frequently Asked Questions About Founder, CEO, Funding & Company Details

Find answers to the most common questions about Sunbit including information about founders, CEO, funding history, investors, headquarters location, and company details. 19 frequently asked questions covering key information about the company.

Sunbit Questions & Answers - Company Information

Q1

What is Sunbit?

Sunbit builds financial technology for real life, offering options for consumers to manage expenses without stress. Its technology allows for no-fee credit cards and buy now, pay later solutions available in over 25,000 service locations.

Q2

Who founded Sunbit?

Sunbit was founded by Arad Levertov, Tal Riesenfeld, Ornit Dweck-Maizel.

Q3

Who is the CEO of Sunbit?

The CEO of Sunbit is Arad Levertov. You can find more information about them on their LinkedIn profile.

Q4

How much funding has Sunbit raised?

Sunbit has raised a total of $$1.1 Billion across 9 funding rounds. The most recent funding was completed on 2024-12-04.

Q5

Who are the investors in Sunbit?

Sunbit's key investors include Zeev Ventures, Ares Management, Citi, Waterfall Asset Management, Mizuho Bank.

Q6

Where is Sunbit headquartered?

Sunbit is headquartered in Los Angeles, United States.

Q7

When was Sunbit founded?

Sunbit was founded in 2016.

Q8

How many employees does Sunbit have?

Sunbit has 351-500 employees.

Q9

What is Sunbit's official website?

You can visit Sunbit's official website at http://sunbit.com.

Q10

What was Sunbit's latest funding round?

Sunbit's latest funding round was a Debt financing round of $$355 million completed on 2024-12-04.

Q11

Who is founder?

Arad Levertov

Q12

Who is cto?

Ornit Dweck-Maizel

Q13

What does the company do?

Sunbit builds financial technology for real life by offering options for consumers to manage expenses without stress.

Q14

How much funding?

$1.1 Billion

Q15

Latest funding date?

2024-12-04

Q16

Who are the investors?

Zeev Ventures Ares Management Citi Waterfall Asset Management Mizuho Bank

Q17

What are the challenges?

Increasing competition in the FinTech space Maintaining high approval rates amidst rising defaults

Q18

What are the opportunities?

Growth in partnerships with retail and service providers Expanding into new markets and industries

Q19

Latest news?

Sunbit, a leader in financial technology solutions, has closed a $355 million debt warehouse facility to fuel its expansion. CareStack integrates Sunbit's leading pay-over-time tech in CareStack PMS, providing seamless patient financing options.

More Information About Sunbit

For additional details about Sunbit, including the latest news, funding updates, and company developments, explore our comprehensive company database. Find information about startup funding, company valuations, executive leadership, and business intelligence data.