#BNPL / BNPL company Sunbit raises $130M pushing valuation to $1.1B

Levertov, CEO and co-founder:] “Our hyper-growth illustrates that there is a demand for our unique buy now, pay later solution built for everyday needs. The new capital will enable us to further disrupt the $216 billion auto service and repair industry and the combined $330 billion dental, eyewear, and elective healthcare industries — markets that are stuck in the era of ’80s-style financing.”

Sunbit plans to use the fresh funding to grow its merchant relationships to scale its reach with retailers and service providers. The company also plans to create products that help facilitate more efficient transactions for its customers and merchants.