Purchase now, pay later (BNPL)-focused fintech Sunbit is increasing its strategic partnership with Checkout.com, the worldwide digital funds platform, to enhance its funds efficiency.
Sunbit, which already processes practically $2billion in loans per 12 months at a 30 per cent YoY fee of development, says joined forces with Checkout.com to help its skill to scale sooner or later successfully.
Via its relationship with Checkout.com, Sunbit has already skilled a six per cent enhance in cost acceptance charges, which has enabled it to decrease prices, whereas making a extra constructive shopper expertise.
“At Sunbit, we consider in attending to ‘sure’. Our tech answer has reached tens of millions of individuals with financing decisions that ship transparency, nice phrases, and aggressive worth that retailers and prospects love,” stated Sunbit’s chief buyer officer, Invoice Walsh. “In an effort to ship this worth, we’d like companions that may assist us drive financial savings and optimisation all through your entire cost lifecycle. Checkout.com’s sensible know-how gave our staff a simple and early purpose to interact, however their collaborative and consultative strategy to maximising worth is what led us to increase the connection.”
Sunbit know-how leverages Checkout.com’s Clever Acceptance, a product enabling evaluation of transaction information throughout the Checkout.com community, turning these insights into real-time operational optimisations to enhance cost acceptance charges.
By leveraging this, alongside Checkout.com’s Actual-Time Account Updater, which mechanically updates a buyer’s card particulars after they change, and community tokenisation, Sunbit has elevated transaction-level acceptance charges whereas lowering processing prices.
Rising effectivity whereas reducing prices
“Sunbit know-how is remodeling how shoppers entry financing by constructing options which are environment friendly, inclusive, and constructed for scale,” defined Antoine Nougué, chief income officer at Checkout.com, defined: “By leveraging our Clever Acceptance know-how and deep buying capabilities, Sunbit has elevated effectivity whereas reducing prices, demonstrating the ability of aligning know-how, experience, and shared ambition to ship higher outcomes for retailers and their prospects.”
One of many fastest-growing monetary know-how corporations within the nation, Sunbit has constructed the main pay over time know-how in auto dealership providers and healthcare markets, together with dental, in addition to a no-fee co-branded card answer designed for retailers, and embedded its know-how in main SaaS, CRM and market platforms.
The strengthened partnership comes as Checkout.com deepens its funding in North America, having not too long ago expanded operations in San Francisco to help speedy development within the area. The corporate reported over 80 per cent development within the US in 2024 and continues to scale its staff and capabilities to satisfy rising demand from enterprise retailers like Sunbit.
