Summary
Sunbit: Will target a range of new retail markets following a $26 million Series B equity funding round The round (…)
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