Sunbit

Sunbit is a financial technology company based in Los Angeles, founded in 2016. It specializes in buy-now, pay-later (BNPL) solutions, focusing on providing accessible credit options for essential services and products. Sunbit partners with merchants to offer flexible payment plans directly at the point of sale, aiming to reduce financial stress for consumers.The company offers a no-fee credit card managed through a mobile app, along with point-of-sale lending that provides instant approval for financing at over 25,000 service locations, including auto repair shops and dental clinics. Sunbit also expands into finance and insurance products at dealerships, allowing consumers to finance various add-ons. Its technology utilizes machine learning and soft credit checks to approve a high percentage of applicants quickly, integrating seamlessly with merchant systems for real-time financing decisions.Sunbit collaborates with numerous partners across various industries, including auto, retail, healthcare, dental, and veterinary services. The company prioritizes affordability for consumers while helping merchants enhance sales and customer retention. Its mission centers on promoting inclusive technology to address gaps in traditional credit systems.