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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 Sunbit 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 by year$0$60M$120M$180M$240M$300M201620172018201920202021202220232024$0$129M$191M$260MSource: GetLatka.com
YearMilestone
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$250M$500M$750M$1B$1B2016201720182019202020212016 cumulative: $120K • 2016 Pre Seed Round: $120K2016 cumulative: $3M • 2016 Pre Seed Round: $120K • 2016 Seed Round: $3M @ $25M valuation2017 cumulative: $28M • 2016 Pre Seed Round: $120K • 2016 Seed Round: $3M @ $25M valuation • 2017 Series A: $25M2019 cumulative: $54M • 2016 Pre Seed Round: $120K • 2016 Seed Round: $3M @ $25M valuation • 2017 Series A: $25M • 2019 Series B: $26M @ $71M valuation2020 cumulative: $80M • 2016 Pre Seed Round: $120K • 2016 Seed Round: $3M @ $25M valuation • 2017 Series A: $25M • 2019 Series B: $26M @ $71M valuation • 2020 Series C: $26M @ $125M valuation2021 cumulative: $210M • 2016 Pre Seed Round: $120K • 2016 Seed Round: $3M @ $25M valuation • 2017 Series A: $25M • 2019 Series B: $26M @ $71M valuation • 2020 Series C: $26M @ $125M valuation • 2021 Series D: $130M @ $1B valuation$210M2016 Seed Round: $25M valuation$25M2019 Series B: $71M valuation2020 Series C: $125M valuation2021 Series D: $1B valuation$1BSource: GetLatka.com
YearRoundAmountValuation% Sold
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--

Sunbit Employees & Team Size

Sunbit employs approximately 493 people as of 2026, up from 408 in 2024.

Sunbit has 493 total employees in different roles and functions and 24 sales reps that carry a quota. They have 7.3K customers that rely on the company's 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)

Founder / CEO

Arad Levertov

Arad Levertov is listed as Founder / CEO at Sunbit.

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Customers

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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.

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Source Attribution

Source: all data was collected from GetLatka company research and founder interviews. Revenue, funding, team, and customer figures are presented as company-reported or GetLatka-estimated metrics where the profile data identifies them that way.

Company data last updated .