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Wharton FinTech Podcast

Sunbit, Founder and CEO - Arad Levertov - The Sweet Spot For Point-of-Sale Financing Solutions

Sep 28, 2023
Arad Levertov, Founder and CEO of Sunbit, discusses starting Sunbit, the future of his company and buy-now-pay-later, and building a mission-driven company. He also highlights the integration of powerful machine-learning models and the impact of rising interest rates on the fintech sector. The podcast concludes with book recommendations and mentions that Sunbit is currently hiring.
46:33

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Sunbit focuses on providing better credit options for brick-and-mortar merchants by leveraging AI and machine learning models to assess creditworthiness and provide personalized financing offers.
  • Founder and CEO Arad Levertov emphasizes the significant role of AI in Sunbit's success, enabling lower interest rates for customers and stronger margins for the company, and envisions a future where personalized fintech solutions become the norm.

Deep dives

Building Sunbit: Eliminating Financial Waste and Providing Better Credit

Rod Levertove, CEO and founder of Sunbit, shares insights into his journey of building a point-of-sale financing solution for brick-and-mortar merchants. Leveraging a mission to eliminate financial waste and pass savings back to merchants and customers, Sunbit focuses on providing better credit options. Levertove discusses the importance of connecting employees to the mission, prioritizing execution, and staying focused on the most important tasks. Sunbit's success lies in its ability to offer a faster, streamlined process for customers, leveraging AI and machine learning models to assess creditworthiness and provide personalized financing offers. The company has found success in the car dealership and dental verticals, and leverages partnerships with major automotive brands to expand its reach. While rising interest rates present challenges, Sunbit's strong performance and margins have allowed it to thrive, and Levertove envisions a future where personalized fintech solutions become the norm.

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