Sunbit, a leader in financial technology solutions, has closed a $355 million debt warehouse facility, supported by J.P. Morgan, Mizuho Bank, and Waterfall Asset Management. This follows a $310 million facility earlier in 2024 with Citi and Ares Management, underscoring Sunbit’s strong growth trajectory. Known for its transparent and fee-free Buy Now, Pay Later (BNPL) technology and credit card solutions, Sunbit is among the top 10% of private fintech firms in the United States. The new funding will enable the company to expand its reach across diverse markets, reinforcing its commitment to fair and accessible financing.
In 2024, Sunbit achieved notable milestones, including partnerships with leading retailers such as Ollie’s Bargain Outlet and integrating its platform with Stripe. The company now holds over 50% of the auto dealership service market and serves over 12,000 dental practices, positioning itself as the second-largest player in dental patient financing. CEO Arad Levertov emphasized Sunbit’s mission to deliver customer-first financial products, while Chief Capital Officer James Paris highlighted the operational discipline driving its success. With this latest funding, Sunbit is poised to enhance its offerings, further solidifying its status as a key player in the fintech industry.
