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Sunbit secured a $355 million debt warehouse facility led by J.P. Morgan, Mizuho Bank Ltd. and Waterfall Asset Management to enhance its financial technology services.

PRIVATENov 04, 2024

Amount Raised

$355 Million

Round Type

Funding Round

Los AngelesInformation TechnologyFinancial Services

Investors

Mizuho Bank, Ltd.Waterfall Asset ManagementJ.P. Morgan

Description

Sunbit announced the closing of a $355 million debt warehouse facility with support from J.P. Morgan, Mizuho Bank Ltd. and Waterfall Asset Management. The funding will help Sunbit expand its customer-first financial technology solutions, which include buy-now, pay-over-time services.

Quick answer

Sunbit, Inc. raised $355 Million in a Funding Round round, dated November 4, 2024. Investors: Mizuho Bank, Ltd., Waterfall Asset Management and J.P. Morgan. Sunbit, Inc. is based in Los Angeles, California, United States.

How much did Sunbit, Inc. raise?
Sunbit, Inc. raised $355 Million in a Funding Round round on November 4, 2024.
Who invested in Sunbit, Inc?
Mizuho Bank, Ltd., Waterfall Asset Management and J.P. Morgan are named as investors in this round.
What does Sunbit, Inc. do?
Sunbit builds financial technology for real life.
Where is Sunbit, Inc. based and how big is it?
Sunbit, Inc. is based in Los Angeles, California, United States. Fundz records about 500 employees.
Who are the decision-makers at Sunbit, Inc?
Fundz holds 1 contact at Sunbit, Inc., including the Director. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Financial Services around the same time

Companies in the same sectors as Sunbit, Inc. that raised within 45 days of this round, from Fundz verified event records.

  • Curie Money raised $1.2M (Seed) on December 19, 2024.
  • QuiD raised $4.5M (Pre-Series A) on December 19, 2024.
  • Double raised $3.9M (Seed) on December 19, 2024.
  • Bureau raised $30M (Series B) on December 18, 2024.
  • Belong raised an undisclosed amount (Pre-Seed) on December 18, 2024.
  • Leap Financial raised $3.5M (Seed) on December 18, 2024.

Who to call at Sunbit, Inc., and when

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  • An alert the day Sunbit, Inc. raises, hires an executive or expands, scored against what you sell
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Company Information

Company

Sunbit, Inc.

Location

10940 Wilshire Boulevard

Los Angeles, California, United States

About

Sunbit builds financial technology for real life. Our technology approves the majority of people who apply and eases the stress of paying for life’s expenses by giving people more options on how and when to pay. Sunbit offers a next-gen, no fee credit card and point-of-sale lending technology available at over 22,000 service locations, including auto dealership service centers, optical practices, dentist offices, and specialty healthcare services. View our privacy policy here: https://sunbit.com/consumer_privacy

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Related People

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Sunbit, Inc. raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.