Led · Debt Financing · Jul 2026

Iwoca provides loans to self-employed people and SMEs, offering credit lines of up to €500,000. For smaller amounts (up to €25,000) it automates the credit assessment and can approve and pay out loans the same day, while larger applications are subject to additional individual review with a target decision and payout within two working days. The company also enables other firms to offer credit to their business customers and partners with banks such as Commerzbank. The recent increase in refinancing capacity to €350 million for Germany reflects its focus on scaling lending in that market. The article does not provide revenue, user metrics, or founding-year information.

Led · Equity · Apr 2026

PremFina announced a £100 million upsized and extended financing provided by Waterfall Asset Management. The public reporting focuses on the financing transaction rather than operational details about the company. The coverage does not disclose founding year, location, product lines, customer metrics, revenue, or valuation. No information on prior funding rounds or strategic use of the proceeds was provided in the announcement. The available details are limited to the size and structure (an upsized extension) of the facility and the identity of the single lender, Waterfall Asset Management.

Led · Debt Financing · Nov 2024

Sunbit builds financial-technology products that power no-fee BNPL and retailer credit-card solutions, aiming to provide transparent, personalized financing for consumers. Its BNPL solution is present in more than 50% of auto dealership service centers, and the company is the second-largest and fastest-growing dental patient financing provider with over 12,000 practices. In 2024 Sunbit added three retail credit-card partners including Ollie’s Bargain Outlet and announced an integration with Stripe as the largest of 15+ embedded fintech partnerships. The company emphasizes a customer-first approach, offering truly 0% interest to many customers and prioritizing fair, transparent terms. Loans and the Sunbit Card are made/issued by T.A.B. Bank under applicable licenses. Sunbit reports strong growth (in the top 10% of private fintech companies) and has expanded markets and products throughout 2024. Sunbit builds consumer financial technology focused on Buy Now, Pay Later (BNPL) and a no‑fee Sunbit Card for everyday expenses. The company’s BNPL is available at more than 23,000 service locations across auto service centers, dental, optical, veterinary and specialty healthcare, and is integrated into over 15 SaaS vertical platforms. Sunbit reports an average 90% approval rate and, as of the end of 2023, supported over 2.6 million loan customers and processed over $1 billion per year in merchant transaction volume. It is the leader in BNPL for automotive services, serving customers of approximately 40% of U.S. franchise dealerships, and more than one in three customers are repeat users. The invite‑only Sunbit Card was used for nearly $340 million in purchases by more than 110,000 consumers in a 12‑month period. Sunbit was established in 2016 and is based in Los Angeles. Sunbit builds financial-technology products that give consumers more options for paying everyday expenses, including a no-fee credit card managed through a mobile app and a point-of-sale payment option. Its POS product is available at more than 16,000 service locations, including auto service centers, optical practices, dental offices, veterinary clinics, and specialty healthcare providers. Loans on the platform are made by Transportation Alliance Bank (TAB Bank), which determines qualifications and credit terms, and the Sunbit Card is issued by TAB Bank pursuant to a Visa license. Led by CEO Arad Levertov, the company aims to continue expanding its merchant distribution network nationwide. To support that expansion, Sunbit secured a $250M revolving debt facility. The company intends to use the facility to scale its merchant relationships and distribution reach across the U.S. Sunbit provides buy now, pay later (BNPL) technology offered in-store and online to retailers and service providers. Its platform is deployed at 7,300 locations, including roughly one in four auto dealership service centers, optical practices, dentist offices and specialty healthcare services. All loans on the platform are made by Transportation Alliance Bank, Inc., dba TAB Bank, which determines credit qualifications and loan terms. In May 2021 Sunbit raised $130M in a Series D at a $1.1 billion valuation. The company intends to use the funds to expand its merchant presence both online and offline and to develop additional products. Returning investors include Group 11 and Zeev Ventures; new investors include Migdal Insurance, Harel Group, AltaIR Capital and More Investment House. Sunbit offers point-of-sale financing that lets consumers split purchases up to $5,000 into 3, 6, or 12 payments with an application that takes under 30 seconds. The company replaces reliance on FICO with proprietary machine-learning models to generate personalized payment solutions and reports a high approval rate. Applications require only a state-issued ID, phone number and email address. Sunbit is led by CEO Arad Levertov and is currently offered in over 1,500 retail locations across 40 states, adding hundreds of new merchants per month. The company raised a $26M Series B and has now raised $54M in total equity to date. It plans to use the funds to accelerate adoption across retail markets such as automotive service drives, dental, eyewear and veterinary services.

Led · Debt Financing · Sep 2024

Agora Data offers a capital program and financing solutions that seamlessly integrate with dealerships' existing F&I process to help dealers generate added loan profit revenue. The company leverages advanced AI modeling and innovative structures to enable independent and franchise dealers to enhance funding for non-prime retail installment contracts. Agora announced additional funding capacity intended to expand participation from both independent and franchise auto dealers. Management says the new capital will help preserve equity, grow operations, and provide flexibility and access to capital markets. The program is designed to improve dealers' bottom lines without requiring changes to their current processes. Agora Data offers a turnkey captive finance solution that uses advanced AI modeling and unique funding structures to provide capital, analytics, and operational guidance to multi-point auto dealerships. The company’s program is designed so dealers can retain customers and capture financing revenue without changing their existing finance and insurance (F&I) process. This year Agora closed three transactions that added nearly $200 million in new funding capacity from numerous new and repeat equity investors, a revolving asset-backed credit facility, and a corporate debt facility. Combined with transactions closed late last year, those commitments result in $400 million in total funding capacity to support its dealer partners. Agora positions this capital to help independent and franchise auto dealers build and grow non-prime portfolios and operate like large national dealer groups. Company leadership says the expanded capacity will enable faster support for dealer demand and accelerate growth of its offerings.

Led · Debt Financing · Mar 2024

Kyte operates an on-demand car-delivery and flexible rental service through iOS, Android and web apps, dispatching drivers (“Kyte Surfers”) to deliver and retrieve vehicles at customer-chosen times and locations. The company is currently operational in over 12 markets and since 2022 has grown sixfold and expanded to 12 more markets across the U.S. Kyte sources all vehicles directly from manufacturers and disposes of vehicles through the same channels as its peers. Since 2022 the company has raised over $100 million of equity capital. The recent financing is intended to accelerate fleet growth and improve the company’s path to profitability by improving economics and structural efficiencies. Kyte was founded in 2019 and is based in San Francisco, CA, with offices in Munich, Germany, and satellites across the globe. Kyte operates an app- and web-based service that delivers cars on demand for trips longer than a rideshare, available for hours, days, weeks or months. Customers can book via iOS, Android or the website. The company plans to use new capital to triple its current fleet, expand in new and existing markets globally, and create new offerings as alternatives to car ownership. Kyte was founded in 2019 by Nikolaus Volk, Ludwig Schoenack, and Francesco Wiedemann. It is operational in more than 14 cities, has offices in Munich and satellites globally, and employs about 100 people. Financially, Kyte raised a $60M Series B and has roughly $300M in total funding across equity and debt. Kyte operates an on-demand rental car service that delivers vehicles to customers’ doors using driver partners called “Kyte Surfers” who drop off and pick up cars. The company is currently active in 13 U.S. markets and is launching in Portland, Oregon this week. Kyte plans to use a $200 million asset-backed credit financing from Goldman Sachs and Ares Global Management to purchase new vehicles and expand its fleet to around 10,000 vehicles over the next year. While its current fleet appears to be largely conventional models such as Nissan Versas, Toyota Corollas and Hyundai Tucsons, Kyte says it wants to prioritize electric vehicles and cars with advanced driver assistance systems in the future. The startup has discussed testing teleoperated delivery and raised a $30 million Series A last October as part of its longer-term goal to build platforms capable of teleoperation or autonomous systems. Kyte’s strategy emphasizes improving unit economics and proving the current model before integrating teleoperations or autonomous technology at scale. Kyte operates a fleet-logistics platform that lets customers order rental cars delivered to their doors and manages vehicles from partners, commercial fleets and some direct leases. The company uses "cloud parking infrastructure" — low-cost, unbranded dark parking lots optimized for delivery operations — with roughly one lot per city and multiple lots in larger markets. Kyte currently operates in nine U.S. cities, including Boston, Chicago, Los Angeles, Miami, New York City, Philadelphia, San Francisco, Seattle and Washington, D.C., and plans expansion into new cities, countries and verticals. Near-term product focus includes business-travel use cases and longer-term rentals/subscriptions up to 12 months; longer-term strategy is to build a fleet operating system able to support teleoperated and autonomous vehicle delivery. Kyte says it is not building teleoperation or autonomy hardware/software itself but is in advanced conversations to partner on pilots and plans to begin testing teleoperated delivery in 2022 with a small subset of fleet in one or two markets by 2023. The company reports seven-figure monthly revenues that grew about 10x last year while it doubles down on technology and unit-economics before wider autonomous integration. Kyte built a fleet-logistics platform that lets consumers rent vehicles through its app or website and have cars delivered and picked up at their doorstep by gig workers. The company partners with car rental firms and fleet managers so it can focus on consumer-facing technology rather than owning and maintaining large fleets. Kyte was founded in late 2018 and launched its first services in February 2019, and it currently operates in San Francisco, Los Angeles and Boston while planning expansion starting with Washington, D.C. The startup said it is generating a "solid six-figure" amount of monthly revenue and that monthly revenue has grown 400% since March. More than half of Kyte's bookings come from recurring users, and the service has attracted enthusiasm from large rental companies looking to deploy vehicles outside airports. The founders came from BMW, McKinsey and Uber and position Kyte as an operations layer for future mobility shifts.