About Sunbit
Sunbit is a company based in Los Angeles (United States) founded in 2016. Sunbit has raised $158.63 million across 7 funding rounds from investors including Citi, Ares Management and J P Morgan. The company has 128 employees as of December 31, 2020. Sunbit offers products and services including Sunbit Pay-over-time Technology and Sunbit Card. Sunbit operates in a competitive market with competitors including Klarna, Afterpay, Zip, Snap Finance and Uplift, among others.
- Headquarter Los Angeles, United States
- Employees 128 as on 31 Dec, 2020
- Stage Unicorn
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Sectors
RetailFinancial Services
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Sunbit Now, Llc
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$158.63 M (USD)
in 7 rounds
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Latest Funding Round
$355 M (USD), Debt – Conventional
Nov 04, 2024
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Investors
Citi
& 12 more
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Employee Count
128
as on Dec 31, 2020
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Products & Services of Sunbit
Sunbit offers a comprehensive portfolio of products and services, including Sunbit Pay-over-time Technology and Sunbit Card.
Enables deferred payments for services like repairs and healthcare.
Offers fee-free credit for retail and service purchases over time.
People of Sunbit
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Software Development Team
27 people
Data Analysis and Operations Team
13 people
Product Management Team
9 people
Leadership Team
9 people
Operations Team
5 people
Sales and Marketing
4 people
Legal and Compliance
4 people
Back Team
4 people
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Funding Insights of Sunbit
Sunbit has successfully raised a total of $158.63M across 7 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $355 million completed in November 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Sunbit
Sunbit has secured backing from 13 investors, including institutional and venture fund investors. Prominent investors backing the company include Citi, Ares Management and J P Morgan.
| Investor | Description | Founded Year | Domain | Location |
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Alternative asset investment management firm
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Investments in fintech companies are made by Group 11.
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Investments in early-stage startups are made by Zeev Ventures.
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Investor details for Sunbit
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
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Verified entity values are shown only after access is granted.
Investments & Acquisitions by Sunbit
Investment portfolio details for Sunbit
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- Portfolio identities
- Transaction dates
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- Investment values
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Financial Statements - Sunbit
Detailed financials for Sunbit
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- Historical revenue
- Profit trends
- Statement rows
- Financial ratios
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Sunbit Comparisons
Peer comparison for Sunbit
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- Named peers
- Headcount comparison
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- Operating benchmarks
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Competitors of Sunbit
Sunbit operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Klarna, Afterpay, Zip, Snap Finance and Uplift, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Point-of-sale financing is facilitated through an online platform for purchases.
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A buy now pay later service is offered by Afterpay.
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Payment solutions are provided for deferred purchasing by Zip.
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Merchandise financing is offered through partner stores.
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Point-of-sale financing for travel bookings is offered by Uplift.
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Detailed competitors of Sunbit
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Latest news on Sunbit
Complete news archive for Sunbit
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- Full article archive
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Frequently Asked Questions about Sunbit
Sunbit was founded in 2016.
Sunbit is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.
Sunbit is a funded company, having raised a total of $158.63M across 7 funding rounds to date.
As of Dec 31, 2020, the latest employee count at Sunbit is 128.
Sunbit was founded in 2016 in Los Angeles, United States, within the fintech sector. An online platform is operated to enable point-of-sale financing, where purchases by shoppers are divided into smaller payments by retailers. Repayment plans are selected by customers from available options. Tablets and scanners are supplied to sales associates, accompanied by training on system usage. Payment progress is monitored by customers through a dedicated application.
Sunbit offers Sunbit Pay-over-time Technology and Sunbit Card.
Sunbit has 13 investors. Key investors include Citi, Ares Management, J P Morgan, Credit Suisse, and Mizuho Financial Group.
The valuation of Sunbit is $1.1B as of Jun 2021.