Companies
/
Sunbit
Fintech
Sunbit is a Los Angeles-based fintech company providing point-of-sale financing and a credit card used primarily for everyday expenses such as auto repairs, dental work, and veterinary care.
Create an account to view live offerings, pricing, and market activity.
Sign in to view offerings and live market activity.
Sunbit was founded in 2016 by Arad Levertov, Tal Riesenfeld, and Ornit Maizel, based on the observation that many everyday, often unexpected expenses, such as car repairs, dental procedures, and veterinary bills, can represent a meaningful financial burden for many consumers, particularly those without significant savings set aside for such unplanned costs, but that these specific expense categories had historically been underserved by consumer financing options relative to larger, more discretionary purchases like furniture or electronics, which have long had established point-of-sale financing options available at checkout. Sunbit's platform provides point-of-sale financing specifically integrated at the businesses where these everyday, often essential expenses occur, such as auto repair shops, dental offices, and veterinary clinics, letting consumers facing an unexpected car repair or dental bill split that cost into more manageable installment payments directly at the point of service, using underwriting technology designed to make fast approval decisions, often within seconds, appropriate for the typically smaller transaction sizes and more immediate financing need involved in these everyday expense categories compared to larger, more discretionary retail purchases. The company has also launched a general-purpose Sunbit credit card that extends beyond its original point-of-sale integration model, giving consumers a broader financing tool usable across a wider range of merchants beyond only Sunbit's direct point-of-sale partner network. Sunbit has particularly emphasized serving consumers who might have limited or below-prime credit profiles, a demographic segment that has historically had more limited access to consumer financing options for these kinds of everyday, often essential expenses, positioning its underwriting approach as more inclusive than some traditional financing options that rely more heavily on conventional credit score thresholds. The company's customers span auto repair shops, dental and other healthcare practices, veterinary clinics, and other service businesses handling these kinds of everyday but often financially significant consumer expenses. Sunbit has raised substantial venture funding from investors including Zeev Ventures, Group 11, and Migdal Insurance, reaching unicorn status.
FOR QUALIFIED INSTITUTIONAL AND ACCREDITED INVESTORS ONLY: Under federal securities laws, private market investments on this platform are available exclusively to Institutional and Accredited Investors. Verification of status required before investing. Private investments involve significant risks including illiquidity, potential loss of principal, and limited disclosure requirements. "Augment" refers to Augment Markets, Inc. and its affiliates. Augment Markets, Inc. is a technology company offering software and data services, not a bank or financial institution. Cash Accounts are provided by Modern Treasury Corp. financial institution partners and through Augment's technology. Augment does not act as a money services business, provide money transmission, or serve as a custodian of funds. Funds held in your Cash Account are not FDIC insured unless expressly disclosed. Full terms available in the Augment Cash Account Agreement. Brokerage services are offered through Augment Capital, LLC, an affiliated broker-dealer and member FINRA/SIPC. "Investment accounts" are not brokerage accounts and do not hold customer funds or securities. Investment advisory services are offered through Augment Advisors, LLC, an SEC-registered investment adviser. Registration with the SEC does not imply a certain level of skill or training. Neither Augment Advisors, LLC nor Augment Capital, LLC provide legal or tax advice; consult your attorney or tax professional regarding your specific situation. For additional information, please refer to Augment Advisors, LLC's Form ADV Part 2A (Firm Brochure) and FINRA BrokerCheck.
No news available for this company.
