70% of Sunbit customers surveyed said that they would not have completed their purchase if it weren’t for Sunbit. Sunbit customers receive personalized rates that, for many, are often better than other credit alternatives.
Sunbit CEO Arad Levertov said, “I’ve been there. As an immigrant, like many young people and those with poor access to credit, I was denied financing at the point of sale. I understand how humiliating it is to be denied in public, after spending time filling out a laborious application, in front of your wife and kids. That’s why, in part, I founded Sunbit. No one should have to do without necessities. This recent funding round will help us to meet more consumers in critical markets, and to help them access the goods and services that they need.”
Sunbit is currently offered in over 1,500 retail locations across the country, with operations in 40 states, with hundreds of new merchants being added per month. The company’s partners include the largest automotive dealers in the United States, national chains like CycleGear and a leader in the collegiate bookstore market. With a seasoned executive team with deep experience across finance, technology and retail, Sunbit has demonstrated a clear ability to scale.