Sunbit, the specialty finance and consumer lending giant, has secured a $355 million debt warehouse facility from J.P. Morgan, Mizuho Bank Ltd., and Waterfall Asset Management to support its rapid growth driven by merchant adoption and the expansion of its no-fee credit card. Known for its transparent, fee-free BNPL and credit card solutions, Sunbit has expanded its presence significantly in 2024, reaching over 50% of auto dealership service centers and becoming the second-largest dental patient financing provider. The new facility marks Sunbit’s second central funding arrangement this year.

Sunbit Secures $355 Million Debt Warehouse Facility Led by J.P. Morgan, Mizuho Bank Ltd. and Waterfall Asset Management