Tech Company Financing Transactions
Sunbit Funding Round
On 5/21/2021, Sunbit raised $130 million in Series D funding from Group 11, AltaIR Capital and Harel Insurance.
Transaction Overview
Company Name
Announced On
5/21/2021
Transaction Type
Venture Equity
Amount
$130,000,000
Round
Series D
Investors
Proceeds Purpose
With the new investment, the company plans to expand its merchant footprint to reach more retailers and service providers, online and offline.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
10880 Wilshire Blvd. 870
Los Angeles, CA 90024
USA
Los Angeles, CA 90024
USA
Phone
Website
Email Address
Overview
Sunbit is a financial technology company that makes financing in-store purchases at the point of sale fast, fair and easy for consumers across the credit spectrum. Leveraging data-driven, machine learning algorithms, Sunbit's technology offers a sub-30-second application process with a 90% approval rate -- likely the highest in the industry.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Arad Levertov
Chief Financial Officer
Robert Clifton
Chief Technical Officer
Ornit Dweck-Maizel
Co-Founder
Tamir Hazan
General Manager
Roy Berchovich
Vice President
Idan Tzror
VP - General Counsel
Lana Shneydina
VP - Marketing
Jason Beltran
VP - Product Management
Yair Erez
VP - Sales
Tal Riesenfeld
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Our team works diligently to report on every notable VC transaction. VC investment data records reported here are derived from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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