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Valuation

$1.1B

2024 Revenue

$260M

Customers

7.3K

Funding

$210M

YOY

36.1%

Avg ACV

$35.6K

Team

493

Founded

2016

How Sunbit CEO Arad Levertov grew to $260M revenue and 7.3K customers in 2024.

Developer of a preferred financing and payment method platform designed to split up purchases into easier and smaller payments. The company's platform helps financing in-store purchases for consumers across the credit spectrum, enabling users to eliminate financial waste and passing the savings back to the people.

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Sunbit Revenue

In 2024, Sunbit's revenue reached $260M. The company previously reported $191M in 2023. Since its launch in 2016, Sunbit has shown consistent revenue growth.

Sunbit Revenue GrowthReported revenue / ARR over time$0$60M$120M$180M$240M$300M201620172018201920202021202220232024$0$129M$191M$260MSource: GetLatka.com
YearMilestoneQuote
2024Sunbit Hit $260m revenue in November 2024
2023Sunbit Hit $191m revenue in December 2023
2022Sunbit Hit $129m revenue in December 2022
2016Launched with $0 revenue

Sunbit Valuation, Funding Rounds

Sunbit reached a $1.1B valuation in 2021, set during its Series D round.

Sunbit has raised $210M in total funding across 6 rounds, most recently a $130M Series D round in 2021.

Sunbit Capital Raised & ValuationCumulative capital raised and post-money valuation by roundCapital raised (cum.)Valuation$0$0$250M$50M$500M$100M$750M$150M$1B$200M$1B$250M201620172018201920202021$25M$1BSource: GetLatka.com
YearRoundAmountValuation% SoldQuote
2021Series D$130M$1.1B12%
2020Series C$26M$125M21%
2019Series B$26M$71M37%
2017Series A$25M--
2016Seed Round$2.9M$24.5M12%
2016Pre Seed Round$120K--

Founder / CEO

Arad Levertov

Arad Levertov is listed as Founder / CEO at Sunbit.

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Customers

Sunbit serves 7.3K customers.

Sunbit Employees & Team Size

Sunbit employs approximately 493 people as of 2026, up from 408 in 2024, including 24 sales reps that carry a quota. It serves 7.3K customers that rely on its solutions.

Sunbit Team GrowthReported headcount over time012525037550062520162018202020222024202500493493Source: GetLatka.com
YearMilestone
2025Reached 493 employees (November 2025)
2024Reached 408 employees (December 2024)
2024Reached 398 employees (September 2024)
2023Reached 358 employees (December 2023)
2022Reached 365 employees (December 2022)
2021Reached 261 employees (December 2021)
2021Reached 145 employees (April 2021)

Frequently Asked Questions about Sunbit

What is Sunbit's revenue?

Sunbit generates $260M in revenue.

Who founded Sunbit?

Sunbit was founded by Arad Levertov.

Who is the CEO of Sunbit?

The CEO of Sunbit is Arad Levertov.

How much funding does Sunbit have?

Sunbit raised $210M.

How many employees does Sunbit have?

Sunbit has 493 employees.

Where is Sunbit headquarters?

Sunbit is headquartered in Los Angeles, California, United States.

Data and Sources

All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.

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