Sunbit
Los Angeles, US · Founded 2015 · Delaware corporation · 572 employees on LinkedIn · 6 known investors
Find your way into Sunbit
130 people in our graph share verified history with the Sunbit team — schools, employers, funds. One of them is your warm intro.
Assaf Arakiunlockedknows Arad Levertov · together at Ben-Gurion University of the Negev (overlapped)
×7knows the team · via Duke University - The Fuqua School of Business
×2knows the team · via Ben-Gurion University of the Negev
×2knows the team · via Sunbit
Sunbit provides point-of-sale financing and a fee-free co-branded credit card that let consumers pay over time for in-person services such as auto repair, dental, and optical care, as well as retail purchases. It serves merchants and retailers who offer the payment option to their customers, with no late, origination, or penalty fees.
Founders & leadership
Sunbit was founded in 2015 by Arad Levertov.
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Arad LevertovinCEO (Co-Founder)Arad Levertov held C-level leadership roles at Enova International, a publicly traded fintech company, and prior experience in production management at Intel Corporation and service in the Israel Defense Forces Navy. He co-founded Sunbit, which provides point-of-sale financing and fee-free credit card solutions for consumers making in-person service and retail purchases.
Investors · 6
Reported raises · per SEC filings
Form D private placements$132.6M disclosed across 4 of 5 rounds · 2016–2024
▶$87.8MraisedJun 2021 · 24 investors · Other TechnologyRule 506(b)
▶$87.8MraisedJun 2021 · 24 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Oren ZeevDirector
- Dovi FrancesDirector
- Lana ShneydinaExecutive Officer
- Stuart LarkinsDirector
- Ornit MaizelDirector
- Arad LevertovExecutive Officer, Director
- Offering amount
- $130M
- Amount sold
- $87.8M
- First sale
- Jun 2021
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$12.2MraisedSep 2019 · 2 investors · Other TechnologyRule 506(c)
▶$12.2MraisedSep 2019 · 2 investors · Other Technology
Rule 506(c)Officers, directors & promoters on the filing
- Tal RiesenfeldDirector
- Stuart LarkinsExecutive Officer, Director
- Oren ZeevDirector
- Lana ShneydinaExecutive Officer
- Arad LevertovExecutive Officer, Director
- Dovi FrancesDirector
- Offering amount
- $12.2M
- Amount sold
- $12.2M
- First sale
- Sep 2019
- Incorporated
- Corporation, Delaware, 2015
- Federal exemptions
- 06c
▶$29.7MraisedSep 2019 · 31 investors · Other TechnologyRule 506(b)
▶$29.7MraisedSep 2019 · 31 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Arad LevertovExecutive Officer, Director
- Tal RiesenfeldDirector
- Lana ShneydinaExecutive Officer
- Dovi FrancesDirector
- Oren ZeevDirector
- Stuart LarkinsDirector
- Offering amount
- $29.7M
- Amount sold
- $29.7M
- First sale
- Mar 2018
- Incorporated
- Corporation, Delaware, 2015
- Federal exemptions
- 06b
▶$2.9MraisedSep 2016 · 18 investors · Other TechnologyRule 506(b)
▶$2.9MraisedSep 2016 · 18 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Arad LevertovExecutive Officer, Director, Promoter
- Offering amount
- $3M
- Amount sold
- $2.9M
- First sale
- Mar 2016
- Incorporated
- Corporation, Delaware, 2015
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Founder mafia
3 people who came through Sunbit went on to found or lead other companies.
Competitors · 2
by search overlapCapital One1007 shared keywordsCapital One is a financial services company that offers credit cards, checking and savings accounts, auto financing, and business banking products to consumers and small businesses. The company provides digital banking tools, rewards programs, and credit monitoring services.
YourMechanic921 shared keywordsA platform that dispatches mechanics to car owners at their homes or offices to perform repairs and maintenance services across major U.S. metropolitan areas.
Companies competing with Sunbit for the same Google search keywords, organic and paid, via search-intersection analysis.
In the news
Frequently asked questions
- What does Sunbit do?
- Sunbit provides point-of-sale financing and a fee-free co-branded credit card that let consumers pay over time for in-person services such as auto repair, dental, and optical care, as well as retail purchases. It serves merchants and retailers who offer the payment option to their customers, with no late, origination, or penalty fees.
- Who founded Sunbit?
- Sunbit was founded by Arad Levertov in 2015.
- Who are Sunbit's investors?
- Sunbit's investors include AltaIR Capital, Chicago Ventures, Group 11, Soundproof Ventures, Starting Line, Zeev Ventures.
- How much funding has Sunbit raised?
- Sunbit has disclosed $132.6M raised across 4 of its 5 known rounds.
- Where is Sunbit headquartered?
- Sunbit is headquartered in Los Angeles, US.