Buy now, pay later (BNPL)-focused fintech Sunbit is expanding its strategic partnership with Checkout.com, the global digital payments platform, to improve its payments performance.
Sunbit, which already processes nearly $2billion in loans per year at a 30 per cent YoY rate of growth, says joined forces with Checkout.com to support its ability to scale in the future effectively.
Through its relationship with Checkout.com, Sunbit has already experienced a six per cent increase in payment acceptance rates, which has enabled it to lower costs, while creating a more positive consumer experience.
“At Sunbit, we believe in getting to ‘yes’. Our tech solution has reached millions of people with financing choices that deliver transparency, great terms, and competitive value that merchants and customers love,” said Sunbit’s chief customer officer, Bill Walsh. “In order to deliver this value, we need partners that can help us drive savings and optimisation throughout the entire payment lifecycle. Checkout.com’s smart technology gave our team an easy and early reason to engage, but their collaborative and consultative approach to maximising value is what led us to expand the relationship.”
Sunbit technology leverages Checkout.com’s Intelligent Acceptance, a product enabling analysis of transaction data across the Checkout.com network, turning these insights into real-time operational optimisations to improve payment acceptance rates.
By leveraging this, alongside Checkout.com’s Real-Time Account Updater, which automatically updates a customer’s card details when they change, and network tokenisation, Sunbit has increased transaction-level acceptance rates while reducing processing costs.
Increasing efficiency while lowering costs
“Sunbit technology is transforming how consumers access financing by building solutions that are efficient, inclusive, and built for scale,” explained Antoine Nougué, chief revenue officer at Checkout.com, explained: “By leveraging our Intelligent Acceptance technology and deep acquiring capabilities, Sunbit has increased efficiency while lowering costs, demonstrating the power of aligning technology, expertise, and shared ambition to deliver better outcomes for merchants and their customers.”
One of the fastest-growing financial technology companies in the country, Sunbit has built the leading pay over time technology in auto dealership services and healthcare markets, including dental, as well as a no-fee co-branded card solution designed for retailers, and embedded its technology in leading SaaS, CRM and market platforms.
The strengthened partnership comes as Checkout.com deepens its investment in North America, having recently expanded operations in San Francisco to support rapid growth in the region. The company reported over 80 per cent growth in the US in 2024 and continues to scale its team and capabilities to meet growing demand from enterprise merchants like Sunbit.
