LOS ANGELES, March 17, 2022 /PRNewswire-PRWeb/ --Sunbit, the preferred buy now, pay later (BNPL) technology for everyday needs and services, announced today that it has been recognized as "Best Point of Sale Company" in the sixth annual FinTech Breakthrough Awards program conducted by FinTech Breakthrough, an independent market intelligence organization that recognizes the top companies, technologies, and products in the global fintech market today.
Sunbit is the only BNPL solution delivered in person for everyday needs such as auto, dental, eye, and vet care. With just a few data points captured from a state-issued ID or driver's license, 9 out of 10 consumers receive approval for a payment plan that is curated specifically for them and the merchant they're visiting. The process is quick, taking about 30 seconds to complete.
Sunbit is a true omnichannel platform designed for in store with a simple associate-led process with no paperwork and minimal data entry, and online through e-commerce solutions that integrate Sunbit technology into a retailer's online checkout process. It is also designed for on-the-go use with contactless processes that can be completed by a customer from their connected device, giving consumers access to fair and transparent payment options for everyday essentials.
"Most purchases for essential services people need throughout the year have needed to be paid for in one lump sum or put on a credit card, usually with high interest rates. Additionally, these transactions are normally handled in person at checkout, so they need to be quick and seamless," said James Johnson, Managing Director, FinTech Breakthrough. "Sunbit gives consumers a better option than anything that is available to them for their needed services—including credit cards. The platform has made it fast, easy, and fair to find flexible payments for everyday needs and services. Congratulations on being our choice for 'Best Point of Sale Company.'"
The FinTech Breakthrough Awards is the premier awards program founded to recognize fintech innovators, leaders, and visionaries around the world in a range of categories such as digital banking, personal finance, lending, payments, investments, regtech, insurtech, and many more. The 2022 FinTech Breakthrough Awards program attracted more than 3,950 nominations around the globe.
"We are incredibly honored to be recognized for our work in easing the stress of buying everyday things," said Arad Levertov, CEO and cofounder of Sunbit. "I'd like to thank our hard-working retail partners, customers, and employees who together have built the Sunbit ecosystem where everyone wins, and everyone gets value."
About Sunbit
Sunbit is the preferred buy now, pay later technology for everyday needs and services. Sunbit eases the stress of buying everyday things by offering access to fast, fair, and transparent payment options to people everywhere. Our technology is offered in store and online at 11,000 locations, including one in three auto dealership service centers, optical practices, dentist offices, and specialty healthcare services. All loans are made by Transportation Alliance Bank, Inc., dba TAB Bank, which determines qualifications for and terms of credit.
About FinTech Breakthrough
Part ofTech Breakthrough, a leading market intelligence and recognition platform for technology innovation and leadership around the globe, the FinTech Breakthrough Awards program is devoted to honoring excellence in Financial Technologies and Services companies and products. The FinTech Breakthrough Awards provide public recognition for the achievements of FinTech companies and products in categories including Payments, Personal Finance, Wealth Management, Fraud Protection, Banking, Lending, RegTech, InsurTech and more. For more information visit FinTechBreakthrough.com.
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Media Contact
Brandon Hamm, Sunbit, 1 6102469908, [email protected]
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