Sunbit, the specialty finance company building financial technology for real life, has completed its first asset-backed securitization, issuing $200 million in notes with a AA-rated senior tranche and a 5.713% fixed yield, led by Citi, with J.P. Morgan and ATLAS SP Partners as joint bookrunners. The profitable fintech, which posted 35% year-over-year revenue growth and holds over $1 billion in warehouse funding, will gain an additional $400 million in annual funding capacity from the deal, boosting total capacity above $1.5 billion. The transaction, backed by strong credit performance and operational rigor, will expand Sunbit’s institutional investor base and support its growing BNPL and co-branded credit card portfolio.

Sunbit Completes Inaugural $200M ABS Transaction