Sunbit Overview
- Founded
-
2015
- Status
-
Private
- Employees
-
480
- Latest Deal Type
-
Series D
- Latest Deal Amount
-
$130M
- Investors
-
14
Sunbit General Information
Description
Developer of a preferred payment platform designed to split up purchases into easier and smaller payments. The company's artificial intelligence/machine learning technology approves the majority of people who apply and eases the stress of paying for life's expenses by giving people more options on how and when to pay, offers a point-of-sale lending technology available at several service locations, including auto dealership service centers, optical practices, dentist offices, and specialty healthcare services, enabling clients to eliminate financial waste thereby passing the savings back to the people.
Contact Information
Website
www.sunbit.com
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Primary Industry
Financial Software
Other Industries
Other Financial Services
Primary Office
- PO Box 24010
- Los Angeles, CA 90024
- United States
+1 (855) 000-0000
Sunbit Timeline
Sunbit Valuation & Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 7. Later Stage VC (Series D) | 20-May-2021 | $130M | 00000 | 00.00 | Completed | Generating Revenue |
| 6. Later Stage VC (Series C) | 0000 | 00000 | 00000 | Completed | Generating Revenue | |
| 5. Debt - PPP | 03-May-2020 | 00000 | Completed | Generating Revenue | ||
| 4. Early Stage VC (Series B1) | 27-Sep-2019 | 000.00 | 00000 | Completed | Generating Revenue | |
| 3. Early Stage VC (Series B) | 12-Jun-2019 | 000.00 | 000.00 | 0000 | Completed | Generating Revenue |
| 2. Early Stage VC (Series B) | 14-May-2019 | $26M | $28.9M | 0000 | Completed | Generating Revenue |
| 1. Early Stage VC (Series A1) | 13-Sep-2016 | $2.92M | $2.92M | 000.00 | Completed | Generating Revenue |
Sunbit Cap Table
| Stock | # of Shares Authorized |
Par Value | Dividend Rate ($) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
|---|---|---|---|---|---|---|---|---|
| Series D | 0,000,000 | 00.000000 | 00.00 | 000.00 | 000.00 | 00 | 000.00 | 00.000 |
| Series C | 0,000,000 | 00.000000 | 00.00 | 00.00 | 00.00 | 00 | 00.00 | 00.000 |
| Series B1 | 0,000,000 | 00.000000 | 00.00 | 00.00 | 00.00 | 00 | 00.00 | 0.000 |
| Series B | 0,000,000 | 00.000000 | 00.00 | 00.00 | 00.00 | 00 | 00.00 | 00.000 |
| Series A1 | 1,102,584 | $0.000010 | $0.23 | $2.86 | $2.86 | 1x | $2.86 | 3.36% |
| Series A | 2,439,662 | $0.000010 | $0.33 | $4.07 | $4.07 | 1x | $4.07 | 7.44% |
Sunbit Comparisons
Description
Primary
Industry
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last Financing Details
Developer of a preferred payment platform designed to split up purchases into easier and smaller payments. The company's
Financial Software
Los Angeles, CA
480
As of 2022
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0.00
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000000000 00000000
Des Moines, IA
000
As of 0000
000.00
0000
0000-00-00
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000000000 00000000
Stockholm, Sweden
0000
As of 0000
00.000
0.00
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00.000
Add Comparison
Sunbit Competitors (31)
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| Dwolla | Venture Capital-Backed | Des Moines, IA | 000 | 000.00 | 00000000000 | 000.00 |
| 000000 | Venture Capital-Backed | Stockholm, Sweden | 0000 | 00.000 | 0000000000 0 | 00.000 |
| 00000000 | Formerly Accelerator/Incubator backed | Vancouver, Canada | 000.00 | 000000&0 | 000.00 | |
| 0000 (000000000 00 | Venture Capital-Backed | London, United Kingdom | 00 | 000.00 | 00000000000 | 000.00 |
| 000000000 | Formerly VC-backed | Chicago, IL | 000 | 000.00 | 000000&0 | 000.00 |
Sunbit Patents
Sunbit Recent Patent Activity
| Publication ID | Patent Title | Status | First Filing Date | Technology (CPC) | Citations |
|---|---|---|---|---|---|
| US-10902513-B1 | Debit-based microloan financing | Active | 02-May-2017 | 0000000000 | 00 |
Sunbit Executive Team (12)
Sunbit Board Members (6)
| Name | Representing | Role | Since |
|---|---|---|---|
| Arad Levertov | Sunbit | Co-Founder, Chief Executive Officer and Board Member | 000 0000 |
| Dovi Frances | Group 11 | Board Member | 000 0000 |
| Guy Fischer | Migdal Insurance and Financial Holdings | Board Observer | 000 0000 |
| Oren Zeev | Zeev Ventures | Board Member | 000 0000 |
| Stuart Larkins | Chicago Ventures | Board Member | 000 0000 |
Sunbit Signals
Growth Rate
0.80%
Weekly
Growth
Growth
Weekly Growth
0.80%, 93rd %
-35.5%.
530%
Size Multiple
219x
Median
Size Multiple
219x, 100th %ile
0.00x
0.95x.
413Kx
Key Data Points
Twitter Followers
5.5k
Similarweb Unique Visitors
15.0K
Majestic Referring Domains
314
Sunbit Investors (14)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds | Contact Info |
|---|---|---|---|---|---|
| AltaIR Capital | Venture Capital | Minority | 000 0000 | 000000 0 | |
| Chestnut Street Ventures | Venture Capital | Minority | 000 0000 | 000000 0 | |
| G Squared | Venture Capital | Minority | 000 0000 | 000000 0 | |
| Migdal Insurance and Financial Holdings | Limited Partner | Minority | 000 0000 | 000000 0 | |
| MORE Investment House | Asset Manager | Minority | 000 0000 | 000000 0 |