When was Sunbit founded?

Sunbit was founded in 2016 and became a unicorn in 2021.

Where is Sunbit located?

Sunbit is headquartered in Los Angeles, United States.

Who is the current CEO of Sunbit?

Arad Levertov of Sunbit. They have also founded 1 company.

How many employees does Sunbit have?

As of May 31, 2026, the latest employee count at Sunbit is 551.

Is Sunbit a funded company?

Sunbit is a funded company, having raised a total of $159M across 7 funding rounds to date. The company's 1st funding round was a $2.92M Seed round, raised on Mar 07, 2016.

How much is Sunbit worth?

The latest valuation of Sunbit is $1.1B as of May 20, 2021.

When was the latest funding round of Sunbit?

Sunbit's latest funding was a $355M Conventional Debt round on Nov 04, 2024, with participation from 3 investors.

Is Sunbit a Alternative Lending company?

The primary sectors of Sunbit are Alternative Lending, E-Commerce Enablers and In Store Retail Tech.

Where does Sunbit rank among its competitors?

Sunbit ranks 6th amongst 256 active competitors, of which 70 are funded. It stands 7th in terms of total funding among its competitors. The most recent competitor to raise funding was Addi, which secured $150M in Apr, 2026.

Who are the top competitors of Sunbit?

Sunbit's top competitors include Square, Klarna and Tabby. Among them, Addi secured the most recent funding round in April, 2026.

Sunbit - 2026 Company Profile, Team, Funding & Competitors

Sunbit is a series D company based in Los Angeles (United States), founded in 2016 by Tal Riesenfeld, Arad Levertov and Ornit Dweck-Maizel. It operates as an Online platform for point of sale financing. Sunbit has raised $159M in funding from Zeev Ventures and Group 11, with a current valuation of $1.1B. The company has 256 active competitors, including 70 funded and 48 that have exited. Its top competitors include companies like Square, Klarna and Tabby.

Sectors and market segments that Sunbit operate in

Sunbit serves in the FinTech, Retail market segments.The primary business model of Sunbit are:

Company Details

Online platform for point of sale financing. It enables retailers to split a shopper's purchase into smaller payments. Customers get the option to choose from multiple repayment plans. It provides a tablet and a scanner for retailers/sales associates and provides training to store associates on its usage. Customers can keep track of the payments through the application.

Website: sunbit.com
Social
Email ID: *****@sunbit.com

Key Metrics

Founded Year

2016

Location

Los Angeles, United States

Stage

Series D

Total Funding

$159M in 7 rounds

Latest Funding Round

Conventional Debt, Nov 04, 2024, $355M

Post Money Valuation

$1.1B as on May 20, 2021

Investors

Zeev Ventures & 21 more

Ranked

6^th among 256 active competitors

Employee Count

551 as on May 31, 2026

Similar Companies

Square & 254 more

View Sunbit's full profile

Sunbit is associated with 3 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Sunbit, Inc. CIN: 32070556546 , United States, Active	Aug 17, 2020	-	424 (As on Dec 31, 2024)	-
SUNBIT NOW, LLC CIN: 5427559 , United States, Active	Oct 17, 2018	-	-	-
Sunbit, Inc CIN: 81-0766863 , United States, Active	Nov 23, 2015	-	128 (As on Dec 31, 2020)	-

Sunbit has raised a total funding of $159M over 7 rounds. Its first funding round was on Mar 07, 2016. Its latest funding round was a Conventional Debt round on Nov 04, 2024 for $355M. 3 investors participated in its latest round. Sunbit has 22 institutional investors.

Here is the list of recent funding rounds of Sunbit:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Nov 04, 2024	$355M	Conventional Debt	-	-	-	J P Morgan, Mizuho Financial Group, Waterfall
Jan 23, 2024	$310M	Conventional Debt	-	-	-	Citi, Ares Management
Dec 05, 2022	$250M	Conventional Debt	-	-	-	UBS, Waterfall

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View details of Sunbit's funding rounds and investors

The founders of Sunbit are Tal Riesenfeld, Arad Levertov and Ornit Dweck-Maizel. Arad Levertov is the CEO of Sunbit.

Here are the details of Sunbit's key team members:

Tal Riesenfeld: Chief Revenue Officer (Co-Founder) of Sunbit.
Arad Levertov: CEO (Co-Founder) of Sunbit.
Ornit Dweck-Maizel: Co-Founder & CTO of Sunbit.
Contact Info: 1 email address

View details of Sunbit's Founder profiles and Board Members

Sunbit's employee count trend

Sunbit has 551 employees as of May 26. Here is Sunbit's employee count trend over the years:

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Top competitors of Sunbit include Square, Klarna and Tabby. Here is the list of Top 10 competitors of Sunbit, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Square 2009, San Francisco (United States), Public	Provider of integrated point of sale and business management solutions	$520M	Victory Park Capital Advisors, GIC & 59 others	85/100
2nd	Klarna 2005, Stockholm (Sweden), Public	Developer of an online platform for point-of-sale financing	$4.19B	Sequoia Capital, Silver Lake & 131 others	85/100
3rd	Tabby 2019, Riyadh (Saudi Arabia), Series E	Provider of purchase financing solutions for businesses	$604M	STV, Global Founders Capital & 28 others	83/100
4th	Addi 2018, Bogota (Colombia), Series C	Provider of an online platform for point of sale financing	$238M	GIC, Union Square Ventures & 36 others	79/100
5th	Paidy 2014, Tokyo (Japan), Acquired	App-based lending platform for purchase financing	$281M	Tybourne Capital Management, ITOCHU & 28 others	78/100
6th	Sunbit 2016, Los Angeles (United States), Series D	Online platform for point of sale financing	$159M	G Squared, TTV Capital & 20 others	78/100
7th	Afterpay 2014, Melbourne (Australia), Acquired	Provider of buy now, pay later services with flexible options	$35.4M	Tiger Global Management, Sarissa Capital ... & 13 others	77/100
8th	Sezzle 2016, Minneapolis (United States), Acquired	Online platform for point of sale financing	$17.5M	E-Merge, Continental Investors & 10 others	76/100
9th	Zilch 2018, London (United Kingdom), Series D	Direct-to-consumer ad-subsidised payments network	$565M	Gauss Ventures, Ventura Capital & 54 others	76/100
10th	Zip 2013, Sydney (Australia), Public	Provider of an online platform for point-of-sale financing	-	Cooper, Victory Park Capital Advisors & 3 others	75/100