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Sunbit

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Last updated on

Company health

Employee growth
10% increase in the last year
Web traffic
3% decrease in the last quarter
Financing
July 2024 - $1B

Ratings

G2
4.8/5
(12)
Glassdoor
4.1/5
(104)

Sunbit description

Sunbit is a financing technology company that lets customers pay for purchases in installments. It gives retailers in industries like auto repair, dental, and healthcare a simple way to offer financing options to their customers. This can lead to increased sales and customer satisfaction, as it makes larger purchases more manageable. Sunbit prides itself on high approval rates, transparent pricing, and a simple user experience.


Who is Sunbit best for

Sunbit offers a financing platform for businesses to provide customers with buy now, pay later options. This service is particularly valuable for essential services like auto repair and healthcare. With high approval rates, a quick application process, and flexible payment options, Sunbit can help businesses increase sales and customer satisfaction.

  • Best for small businesses (1-100 employees) looking to offer point-of-sale financing.

  • Ideal for automotive, dental, healthcare, optical, and veterinary industries.


Sunbit features

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Sunbit provides financing for various essential services, including auto repair, dental care, eye care, vet care, and healthcare, making these services more accessible to consumers.

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Sunbit has high approval rates, making its financing options available to a broad customer base.

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Sunbit's application process takes around 30 seconds, ensuring a smooth and efficient experience for customers.

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Sunbit offers transparent pricing with no hidden fees, including no late fees, origination fees, penalty fees, or penalty APRs.

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Sunbit provides flexible payment options, allowing customers to choose a plan that suits their financial situation.


Sunbit pricing

The commentary is based on 6 reviews from Sunbit G2 reviews.

Sunbit offers affordable payment options and financing for various purchases, often requiring a down payment. While some users mention high financing fees and varying APRs, many appreciate the flexible payment terms and quick approvals, finding it helpful for budgeting and managing expenses.

See the Sunbit pricing page.


Sunbit alternatives

  • Logo of Bread Financial
    Bread Financial
    Simple, transparent installment payments for higher sales.
    Read more
  • Logo of PayBright
    PayBright
    Shop now, pay later, with easy installments at checkout.
    Read more
  • Logo of groundcover
    groundcover
    Effortless cloud monitoring. Secure, scalable, and simple.
    Read more
  • Logo of Wisetack
    Wisetack
    Pay-over-time options for services, so everyone wins.
    Read more
  • Logo of Returnly
    Returnly
    Hassle-free returns for shoppers. Instant refunds. Happy customers.
    Read more
  • Logo of TABBY
    TABBY
    Shop now, pay later. Bigger sales, happier shoppers.
    Read more

Sunbit FAQ

  • What is Sunbit and what does Sunbit do?

    Sunbit is a financial technology company providing buy now, pay later solutions for everyday purchases. It offers a fast, transparent application process with high approval rates and flexible payment options. Sunbit primarily serves businesses in automotive, healthcare, and other essential service industries.

  • How does Sunbit integrate with other tools?

    Sunbit integrates directly with point-of-sale (POS) systems, practice management software, and other tools commonly used in industries like auto repair, dental, and healthcare. This seamless integration allows businesses to offer Sunbit financing options directly within their existing workflows.

  • What the main competitors of Sunbit?

    Sunbit's main competitors include Bread Financial, Wisetack, and TABBY, all offering point-of-sale financing solutions. Splitit and Sezzle also compete, focusing on interest-free installment payments. These alternatives provide similar services with varying terms and target markets.

  • Is Sunbit legit?

    Yes, Sunbit is a legitimate financing technology company. They offer transparent pricing and flexible payment options for various services, boasting high approval rates and a quick application process. User reviews on platforms like G2 and Glassdoor further support Sunbit's safe and reliable service.

  • How much does Sunbit cost?

    Sunbit's pricing depends on individual loan terms. Loan amounts range from $50 to $20,000 with terms from 3 to 72 months. APRs vary from 0% to 35.99%. Contact Sunbit or a participating merchant for specific product pricing details.

  • Is Sunbit customer service good?

    Customers praise Sunbit's friendly and helpful customer service, highlighting their eagerness to answer questions. Combined with quick approvals and a transparent process, Sunbit receives positive feedback for its customer service experience.


Reviewed by

MK
Michal Kaczor
CEO at Gralio

Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.

TT
Tymon Terlikiewicz
CTO at Gralio

Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.