Latest news with #Sunbit
FF News
2 days ago
- Business
- FF News
Sunbit Sees 6% Lift in Acceptance Rates With Checkout.com's AI-Powered Payments Technology
Sunbit has reported a 6% increase in customer approval rates after integrating AI-powered payment acceptance technology. This improvement highlights how artificial intelligence is revolutionizing the fintech landscape, especially in enhancing real-time decision-making and customer experience. Sunbit, which is already processing nearly $2B in loans per year at a 30% YoY rate of growth, needed to more effectively support future scale by partnering with to optimize its payment processing. Through its relationship with Sunbit noticed a 6% increase in payment acceptance rates and lowered the cost. This collaboration demonstrates the growing demand for AI-powered payment acceptance in retail, where speed and precision can influence conversion rates. Bill Walsh, Sunbit's Chief Customer Officer, said, 'At Sunbit, we believe in getting to 'yes.' Our tech solution has reached millions of people with financing choices that deliver transparency, great terms, and competitive value that merchants and customers love. In order to deliver this value, we need partners that can help us drive savings and optimization throughout the entire payment lifecycle. smart technology gave our team an easy and early reason to engage, but their collaborative and consultative approach to maximizing value is what led us to expand the relationship.' 'Sunbit technology is transforming how consumers access financing by building solutions that are efficient, inclusive, and built for scale. At we're proud to provide the payments performance and intelligence that underpin this experience,' said Antoine Nougué, Chief Revenue Officer at 'By leveraging our Intelligent Acceptance technology and deep acquiring capabilities, Sunbit has increased efficiency while lowering costs, demonstrating the power of aligning technology, expertise, and shared ambition to deliver better outcomes for merchants and their customers' One of the fastest growing financial technology companies in the country, Sunbit has built the leading pay over time technology in auto dealership services and healthcare markets including dental, as well as a no-fee co-branded card solution designed for retailers, and embedded its technology in leading SaaS, CRM and market platforms. Sunbit technology leverages Intelligent Acceptance — a product allowing analysis of transaction data across the network, turning these insights into real-time operational optimizations to improve payment acceptance rates. Combined with Real-Time Account Updater, which automatically updates a customer's card details when they change, and Network Tokenization, this has increased transaction-level acceptance rates while reducing processing costs. Sunbit's engineering and product teams worked closely with payment experts, who continuously monitor payment performance to fine-tune processes and identify opportunities for improvement. This led to Sunbit qualifying for a favorable interchange fee program. The strengthened partnership comes as deepens its investment in North America, having recently expanded operations in San Francisco to support rapid growth in the region. The company reported over 80% growth in the US in 2024 and continues to scale its team and capabilities to meet growing demand from enterprise merchants like Sunbit. For more information on Sunbit, visit:
Associated Press
2 days ago
- Automotive
- Associated Press
EY US Announces Arad Levertov of Sunbit as an Entrepreneur Of The Year® 2025 Greater Los Angeles Award Winner
LOS ANGELES--(BUSINESS WIRE)--Jun 18, 2025-- Ernst & Young LLP (EY US) announced that Arad Levertov, CEO of Sunbit was named an Entrepreneur Of The Year 2025 Greater Los Angeles Award winner. Entrepreneur Of The Year is the preeminent competitive awards program for entrepreneurs and leaders of high-growth companies. For 40 years, EY US has celebrated ambitious entrepreneurs who are transforming industries, impacting communities and creating long-term value. Mr. Levertov was chosen by an independent panel of past winners, top CEOs and business leaders. Judges assessed candidates on long-term value creation, entrepreneurial spirit, purpose-driven commitment and significant growth and impact. Sunbit was co-founded by Arad Levertov, Ornit Maizel (CTO), Tal Riesenfeld (CRO), and Tamir Hazan (Head of AI) to challenge the status quo, offering better consumer experiences through superior products, services, and support than was previously possible. In a market where transactional thinking, heavy fee structures, exclusionary policies and products are standard, Sunbit stands apart, having served millions of customers with fast, transparent and fair terms and products – without charging fees of any kind. Sunbit's technology eases the stress of paying for life's expenses by giving people more options on how and when they pay. They have served millions of customers at tens of thousands of locations through their pioneering BNPL for brick-and-mortar businesses, and launched a co-branded credit card with retailers across the country. 'I am honored to be chosen as an EY Entrepreneur of the year winner,' said Levertov. 'I have so much respect for my fellow entrepreneurs, who all know that entrepreneurship is full of challenges. Policy changes, global events, and forces of nature sometimes conspire to test your fortitude. But for Sunbit, staying focused on serving the customer, and remembering that behind every transaction and account number is a person who is just trying to get something done, has made all the difference.' The go-to-financing partner in auto services, Sunbit's technology is found in more than 60% of auto dealership service centers, and they are the fastest-growing patient financing provider in the dental market. Sunbit has done $3.2B in transactions across 4.2M BNPL originations, with 20% of those at 0% interest. Their recently launched co-branded credit card boasts over 186K cardholders, and the company has Saas integrations with partners like Stripe, Xtime, Weave, and more. As a Greater Los Angeles award winner, Mr. Levertov is now eligible for consideration for the Entrepreneur Of The Year 2025 National Awards. The National Award winners, including the Entrepreneur Of The Year National Overall Award winner, will be announced in November at the Strategic Growth Forum®, one of the nation's most prestigious gatherings of high-growth, market-leading companies. The Entrepreneur Of The Year National Overall Award winner will then move on to compete for the EY World Entrepreneur Of The Year™ Award in June 2026. Entrepreneur Of The Year recognizes many different types of business leaders for their ingenuity, courage and entrepreneurial spirit. The program celebrates original founders who bootstrapped their business from inception or who raised outside capital to grow their company; transformational CEOs who infused innovation into an existing organization to catapult its trajectory; and multigenerational family business leaders who reimagined a legacy business model to strengthen it for the future. The Entrepreneur Of The Year program has recognized the leadership of entrepreneurs such as: Sponsors Founded and produced by Ernst & Young LLP, the Entrepreneur Of The Year Awards include presenting sponsors PNC Bank, Cresa, LLC, Marsh USA, and SAP. In Greater Los Angeles, sponsors also include ADP, Cooley, Los Angeles Business Journal, Vaco, and Big Picture. About Entrepreneur Of The Year Founded in 1986, Entrepreneur Of The Year has celebrated more than 11,000 ambitious visionaries who are leading successful, dynamic businesses in the US, and it has since expanded to nearly 60 countries globally. The US program consists of 17 regional programs whose panels of independent judges select the regional award winners every June. Those winners compete for national recognition at the Strategic Growth Forum® in November where National finalists and award winners are announced. The overall National winner represents the US at the EY World Entrepreneur Of The Year™ competition. Visit About EY EY is building a better working world by creating new value for clients, people, society and the planet, while building trust in capital markets. Enabled by data, AI and advanced technology, EY teams help clients shape the future with confidence and develop answers for the most pressing issues of today and tomorrow. EY teams work across a full spectrum of services in assurance, consulting, tax, strategy and transactions. Fueled by sector insights, a globally connected, multi-disciplinary network and diverse ecosystem partners, EY teams can provide services in more than 150 countries and territories. All in to shape the future with confidence. EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Information about how EY collects and uses personal data and a description of the rights individuals have under data protection legislation are available via EY member firms do not practice law where prohibited by local laws. For more information about our organization, please visit About Sunbit Sunbit builds financial technology for real life. Our financial technology products have helped millions of people ease the stress of paying for life's expenses by giving them more options on how and when they pay. Sunbit's technology brings no-fee credit cards for top retailers. The company's BNPL solution is found in over 50% of all auto dealership service centers and is the fastest-growing and second-largest dental patient financing solution. Loans are made by Transportation Alliance Bank Inc. dba T.A.B. Bank, which determines qualifications for and terms of credit. The Sunbit Card is issued by T.A.B. Bank, pursuant to a license from Visa U.S.A. Inc. Use of the card is subject to the cardholder agreement. View source version on CONTACT: Media Contact: Sarah Tonzi Company: Sunbit Email:[email protected] KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA INDUSTRY KEYWORD: OTHER RETAIL BANKING ENTREPRENEUR TECHNOLOGY PROFESSIONAL SERVICES PAYMENTS DIGITAL CASH MANAGEMENT/DIGITAL ASSETS RETAIL FINTECH CONSUMER FINANCE SOURCE: Sunbit Copyright Business Wire 2025. PUB: 06/18/2025 07:04 AM/DISC: 06/18/2025 07:03 AM
Business Wire
2 days ago
- Business
- Business Wire
EY US Announces Arad Levertov of Sunbit as an Entrepreneur Of The Year ® 2025 Greater Los Angeles Award Winner
LOS ANGELES--(BUSINESS WIRE)--Ernst & Young LLP (EY US) announced that Arad Levertov, CEO of Sunbit was named an Entrepreneur Of The Year 2025 Greater Los Angeles Award winner. Entrepreneur Of The Year is the preeminent competitive awards program for entrepreneurs and leaders of high-growth companies. For 40 years, EY US has celebrated ambitious entrepreneurs who are transforming industries, impacting communities and creating long-term value. "Entrepreneurship is full of Sunbit, staying focused on serving the customer, and remembering that behind every transaction and account number is a person who is just trying to get something done, has made all the difference.' Mr. Levertov was chosen by an independent panel of past winners, top CEOs and business leaders. Judges assessed candidates on long-term value creation, entrepreneurial spirit, purpose-driven commitment and significant growth and impact. Sunbit was co-founded by Arad Levertov, Ornit Maizel (CTO), Tal Riesenfeld (CRO), and Tamir Hazan (Head of AI) to challenge the status quo, offering better consumer experiences through superior products, services, and support than was previously possible. In a market where transactional thinking, heavy fee structures, exclusionary policies and products are standard, Sunbit stands apart, having served millions of customers with fast, transparent and fair terms and products – without charging fees of any kind. Sunbit's technology eases the stress of paying for life's expenses by giving people more options on how and when they pay. They have served millions of customers at tens of thousands of locations through their pioneering BNPL for brick-and-mortar businesses, and launched a co-branded credit card with retailers across the country. 'I am honored to be chosen as an EY Entrepreneur of the year winner,' said Levertov. 'I have so much respect for my fellow entrepreneurs, who all know that entrepreneurship is full of challenges. Policy changes, global events, and forces of nature sometimes conspire to test your fortitude. But for Sunbit, staying focused on serving the customer, and remembering that behind every transaction and account number is a person who is just trying to get something done, has made all the difference.' The go-to-financing partner in auto services, Sunbit's technology is found in more than 60% of auto dealership service centers, and they are the fastest-growing patient financing provider in the dental market. Sunbit has done $3.2B in transactions across 4.2M BNPL originations, with 20% of those at 0% interest. Their recently launched co-branded credit card boasts over 186K cardholders, and the company has Saas integrations with partners like Stripe, Xtime, Weave, and more. As a Greater Los Angeles award winner, Mr. Levertov is now eligible for consideration for the Entrepreneur Of The Year 2025 National Awards. The National Award winners, including the Entrepreneur Of The Year National Overall Award winner, will be announced in November at the Strategic Growth Forum ®, one of the nation's most prestigious gatherings of high-growth, market-leading companies. The Entrepreneur Of The Year National Overall Award winner will then move on to compete for the EY World Entrepreneur Of The Year™ Award in June 2026. Entrepreneur Of The Year recognizes many different types of business leaders for their ingenuity, courage and entrepreneurial spirit. The program celebrates original founders who bootstrapped their business from inception or who raised outside capital to grow their company; transformational CEOs who infused innovation into an existing organization to catapult its trajectory; and multigenerational family business leaders who reimagined a legacy business model to strengthen it for the future. The Entrepreneur Of The Year program has recognized the leadership of entrepreneurs such as: Sponsors Founded and produced by Ernst & Young LLP, the Entrepreneur Of The Year Awards include presenting sponsors PNC Bank, Cresa, LLC, Marsh USA, and SAP. In Greater Los Angeles, sponsors also include ADP, Cooley, Los Angeles Business Journal, Vaco, and Big Picture. About Entrepreneur Of The Year Founded in 1986, Entrepreneur Of The Year has celebrated more than 11,000 ambitious visionaries who are leading successful, dynamic businesses in the US, and it has since expanded to nearly 60 countries globally. The US program consists of 17 regional programs whose panels of independent judges select the regional award winners every June. Those winners compete for national recognition at the Strategic Growth Forum ® in November where National finalists and award winners are announced. The overall National winner represents the US at the EY World Entrepreneur Of The Year™ competition. Visit About EY EY is building a better working world by creating new value for clients, people, society and the planet, while building trust in capital markets. Enabled by data, AI and advanced technology, EY teams help clients shape the future with confidence and develop answers for the most pressing issues of today and tomorrow. EY teams work across a full spectrum of services in assurance, consulting, tax, strategy and transactions. Fueled by sector insights, a globally connected, multi-disciplinary network and diverse ecosystem partners, EY teams can provide services in more than 150 countries and territories. All in to shape the future with confidence. EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Information about how EY collects and uses personal data and a description of the rights individuals have under data protection legislation are available via EY member firms do not practice law where prohibited by local laws. For more information about our organization, please visit About Sunbit Sunbit builds financial technology for real life. Our financial technology products have helped millions of people ease the stress of paying for life's expenses by giving them more options on how and when they pay. Sunbit's technology brings no-fee credit cards for top retailers. The company's BNPL solution is found in over 50% of all auto dealership service centers and is the fastest-growing and second-largest dental patient financing solution. Loans are made by Transportation Alliance Bank Inc. dba T.A.B. Bank, which determines qualifications for and terms of credit. The Sunbit Card is issued by T.A.B. Bank, pursuant to a license from Visa U.S.A. Inc. Use of the card is subject to the cardholder agreement.
Yahoo
02-04-2025
- Business
- Yahoo
Sunbit Recognized for Innovation and Rapid Business Growth with Five Prestigious Awards
Industry recognition from ADSO, Deloitte, Forbes, Inc., and the Los Angeles Business Journal underscore Sunbit's strong demand and leadership LOS ANGELES, April 02, 2025--(BUSINESS WIRE)--Sunbit, the company building financial technology for real life, has received 5 awards in 4 months from industry leaders, including the Association of Dental Support Organizations (ADSO), Deloitte, Forbes, Inc., and the Los Angeles Business Journal. These awards recognize Sunbit's rapid growth trajectory and innovation as it transforms customer and merchant experiences in point-of-sale financing and cobranded credit cards. Through a seamless approval process that delivers decisions quickly, Sunbit is bringing the speed and accessibility of online transactions to in-person purchases. Removing friction at the point of sale not only empowers businesses to improve conversion rates, it also enhances customer satisfaction. To further ensure streamlined consumer experiences, merchants and associates are supported by an entire ecosystem of tools, training, and technology. "Continually delivering better, more transparent consumer finance experiences requires a tremendous amount of hard work and dedication from our team," said Arad Levertov, CEO of Sunbit. "These awards recognize that their contributions, along with our innovative technology and customer-first approach, are true growth drivers and that real gains are not just offering more choices, but significantly better ones." Despite never charging fees of any kind for its in-store buy now, pay later (BNPL) technology or cobranded credit card, Sunbit has achieved over 30% growth year over year. This momentum places it in the top 10% of private financial technology companies in the U.S. Recognition for this sustained growth, as well as its innovative technology and trustworthy approach, includes the following: Forbes Fintech 50, which spotlights the most groundbreaking companies that are improving the cost, efficiency and access of financial services. In addition to growing faster than competitors, this award celebrates companies making a deep impact on consumers and businesses through innovation. Deloitte Technology Fast 500™, which recognizes the fastest-growing North American companies in the technology, media, telecommunications, life sciences, fintech and energy tech sectors based on fiscal year revenue growth from 2020 to 2023. Inc. 5000 Regionals Pacific, which ranks the fastest-growing Pacific private companies, based in California, Oregon, Washington, Hawaii, Alaska and listed Sunbit at #42. Born of the annual Inc. 5000 franchise, this regional list represents a unique look at the most successful companies within the Pacific economy's most dynamic segment of independent small businesses. Los Angeles Business Journal Fastest Growing Companies, which distinguishes the top 100 private companies with the highest revenue growth in a three-year period in the L.A. area, spanning all industry types. ADSO Innovation Award, an esteemed dental industry accolade, which highlights the advancement of technologies that raise the quality of processes and products and/or have enhanced the dignity and status of the dental profession. For more information on Sunbit, visit: About Sunbit Sunbit builds financial technology for real life. Our financial technology products have helped millions of people ease the stress of paying for life's expenses by giving them more options on how and when they pay. Sunbit's technology brings no-fee credit cards for top retailers. The company's BNPL solution is found in over 50% of all auto dealership service centers and is the fastest-growing and second-largest dental patient financing solution. Loans are made by Transportation Alliance Bank Inc. dba T.A.B. Bank, which determines qualifications for and terms of credit. The Sunbit Card is issued by T.A.B. Bank, pursuant to a license from Visa U.S.A. Inc. Use of the card is subject to the cardholder agreement. View source version on Contacts Meaghan ShieldsFor Sunbitmedia@ Sign in to access your portfolio
