- Initial year invested: 2016
- Current investment stage: Early Stage (Series A to B)
- Fintech subsector: Physical Point-of-Sale (POS) Payments, Microlending
- Group 11 involvement: Board member and second largest investor; led Seed round and participated in all subsequent rounds
Sunbit is a simple and fast way for stores to allow their customers to split up large purchases into easier and smaller payments over time. Working directly with retailers, Sunbit provides a cloud-based validation process at point of sale, where customers can use a form of ID to be scanned and approved for a purchase in store, within moments.