Sunbit, a financial technology company specializing in buy-now-pay-later, closed a massive $310 million debt warehouse facility this week led by Citi and Ares Management Credit funds. Founded in 2016, Sunbit focuses on transforming how consumers access credit.  The company is a leader in BNPL financing in the automotive services sector, serving approximately 40% of franchise dealerships in the U.S., and is rapidly growing in the dental market. 

Sunbit Closes $310M Debt Warehouse Facility with Citi and Ares Management