What is Sunbit?
Sunbit is a financial technology (FinTech) company that provides Buy Now Pay Later (BNPL) solutions specifically designed for essential, everyday expenses. Unlike traditional BNPL services that focus on retail shopping, Sunbit specializes in helping consumers afford necessary services like dental care, vision care, auto repairs, and veterinary services.
Founded with the mission to make essential services accessible to everyone, Sunbit has grown to become one of the largest point-of-sale lenders in the United States, partnering with over 7,000 retail locations across 46 states.
Key Fact: Sunbit approves approximately 90% of applicants, compared to 40-60% for traditional credit cards. This higher approval rate is achieved through proprietary technology that evaluates more than just credit scores.
Company Milestones
- Launch: Sunbit began operations with a focus on dental financing
- Expansion: Extended services to optical, auto service, and other verticals
- Growth: Partnered with major automotive brands including Honda, Kia, and Hyundai
- Scale: Expanded to over 7,000 partner locations across 46 US states
- Impact: Served over 1 million customers
Mission & Values
Sunbit's mission is to make essential purchases accessible to all by providing a fair, fast, and transparent financing option at the point of sale.
Core Values
1. Financial Inclusion
Sunbit serves customers who may be overlooked by traditional lenders, using advanced technology to assess creditworthiness beyond just credit scores.
2. Transparency
No hidden fees, no surprises. Sunbit clearly communicates all terms before customers accept an offer. No application fees, no prepayment penalties, and no late fees.
3. Speed & Convenience
Sunbit provides instant decisions in approximately 30 seconds, right at the point of sale.
4. Responsible Lending
Credit limits and terms are designed to be manageable, and payment reporting helps customers build positive credit history.
How Sunbit Differs from Others
| Feature | Sunbit | Credit Cards | Personal Loans |
|---|---|---|---|
| Approval Rate | ✓ ~90% | 40-60% | 30-50% |
| Decision Time | ✓ 30 seconds | Days to weeks | 1-7 days |
| Credit Check | ✓ Soft pull | Hard pull | Hard pull |
| Payment Terms | 3-72 months | Revolving | Fixed |
| Late Fees | ✓ None | Yes | Varies |
Disclaimer: This website is an independent informational resource and is not affiliated with Sunbit, Inc. For official information, visit sunbit.com.