Sunbit

We're excited to share Jeff Kauflin's feature story in Forbes, previewing our $355M debt warehouse facility from J.P. Morgan, Mizuho, and Waterfall Asset Management LLC, and highlighting how Sunbit has created a market to meet the needs of everyday Americans where one previously didn't exist: https://lnkd.in/gW9BxDYc #bnpl #debtfinancing #fintech #financingnews #fintechnews

From PYMNTS: "The new financing, announced Monday (Nov. 4), was led by J.P. Morgan, Mizuho Bank Ltd., and Waterfall Asset Management following a $310 million facility earlier this year with Citi and Ares Management... its credit card platform was selected by three new retail partners this year, and it recently launched an integration with Stripe, the largest of its FinTech partnerships. The company also expanded its market footprint to encompass more than half of the dealership auto services market, and became the second largest and the fastest-growing dental patient finance player, with a presence in more than 12,000 practices." Read more: https://lnkd.in/eVUywXzd #bnpl #fintech #fintechnews

We're looking forward to the ADSO Next Level Mid-Market Conference next week in Austin, TX. Jay Letwat and Erik Schear from our team will be onsite to meet with you. Be sure to visit booth #36 and grab some Sunbit swag. The Association of Dental Support Organizations (ADSO) #fintech #dental #dentist

Check us out on the front page as the lead story in American Banker in a piece by Joey Pizzolato on our expansion into co-branded credit cards: Ben Danner, senior research analyst at Javelin Strategy & Research, says "Co-brands are hot...And for good reason, in the sense that when you think of a private label card, it only works at that one retailer. These co-brand cards give you a little bit of benefit for that loyal customer at that retailer as well as everyday purchases, too." "The company expanded a partnership in September with Stripe in a platform play to offer more retail service providers its BNPL product." "The idea with Stripe is to get to additional verticals that Stripe is working with," Arad Levertov said. "Through what we call platform integration with Stripe, we're going to get to more platforms that support brick and mortar." Read on: https://loom.ly/nQ6Kpig #creditcards #bnpl #cobrandedcard #fintech #fintechnews

It's a three-peat: we are honored to have been selected for the DeloitteTechnology Fast 500 for the third year in a row, coming in at #161. This award recognizes the most innovative, fastest-growing technology companies in North America. Huge thanks to our customers, our merchant partners, and our employees for helping Sunbit transform the way Americans pay for everyday expenses. #deloittetechnologyfast500 #techawards #fintech #bnpl #fintechawards #fintechnews

Merchants are willing to pay more than they pay Affirm and Klarna to offer Sunbit. Read on in Jeff Kauflin’s piece in Forbes for how Sunbit's promise to put customers first is a winning strategy: https://lnkd.in/gW9BxDYc #fintech #financing #cx #bnpl

Our CEO Arad Levertov was asked to comment on the Klarna IPO filing in a piece by Joey Pizzolato for American Banker: "Fintech in general is gaining back some momentum. Affirm gained trust with investors, which means that the model, if you can make it work, is a good model," he said. "For BNPL, the [business to business to consumer model] is the direction. You don't spend all the money to acquire the customer like the bank. You actually partner with the merchant. The merchant wants to get more sales. Affirm has proven it. Klarna has proven it … any validation that this model that is working, that gains credibility with investors, will help [both Sunbit and the BNPL industry]." Read more: https://lnkd.in/eU-F6GxV #klarna #ipo #affirm #fintech #bnpl

Sunbit was founded in 2015 by Arad Levertov, Tal Riesenfeld, Ornit Dweck-Maizel, and Tamir Hazan. “Consumers are used to pay-over-time options online, but the online space is undifferentiated in many ways, and in-person solutions are few and far between. Sunbit focuses on in-person transactions, bringing the ease of online pay over time to the point of sale,” Arad Levertov said. In September, Sunbit expanded its platform with its new partnership with Stripe allowing merchants that use Stripe to also make Sunbit buy-now-pay-later technology available to customers. The partnership is the largest of Sunbit’s more-than-15 fintech collaborations. Read more on Los Angeles Business Journal: https://lnkd.in/gW3Q-Xnt #bnpl #fintech #sunbit #debtfinancing #financingnews #fintechnews

James Paris Chief Capital Officer of Sunbit, said, “2024 has been a breakout year for Sunbit, and we’re thrilled to close the year with such a significant sign of support from the most prestigious and established brands in finance. Our decision to stay focused on consumer benefits and experience, coupled with operational discipline, has strategically positioned Sunbit to deliver the right results, at the right time.” https://lnkd.in/eZnFZ_jQ #fintech #fintechnews #bnpl #financing #debtfacility #debtfinancing

Dentists, are you ready to break free from the constraints of dental insurance? Join SMC National and Sunbit on Nov 15 at 9 AM PST for a live virtual event on becoming a fee-for-service practice. Learn how to: ✅ Build patient confidence in scheduling ✅ Overcome objections to close cases ✅ Increase production & revenue If you're considering going out-of-network, this session is for you. 📅 Register now to save your spot: https://lnkd.in/eT7J_u4p