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Sunbit: Attracts $26M Funding

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Sunbit: Will target a range of new retail markets following a $26 million Series B equity funding round

  • The round was led by Oren Zeev, founding partner of Zeev Ventures
  • Sunbit was launched to disrupt the process of financing in-store purchases for customers
  • Sunbit will use the new funds which brings the total raised to date to $54 million
  • Consumers can apply with just a state-issued ID, a phone number and an email address
  • Sunbit offers credit of up to $5,000, to be repaid in three, six or 12 installments
  • The technology is offered in over 1,500 retail operations across 40 US states

To read the original article on FinTech InShorts click this link.

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