Sunbit CEO Arad Levertov at Money2020 USA Talks Entering Personal Loan Market
5m 36s
In this NYSE Live interview from Money20/20 USA, Arad Levertov, Co-Founder and CEO of Sunbit, discusses the company's growth strategy, its planned expansion into personal lending, and the growing role of artificial intelligence within financial services.
Levertov begins by explaining Sunbit's mission to provide consumers with more accessible and affordable financing options. Since its founding, the company has focused on leveraging technology to improve the customer experience while expanding access to credit across a range of industries and use cases.
A significant portion of the discussion focuses on Sunbit's planned launch of personal loans in 2027. Levertov explains that the company will initially offer the product to existing customers, using years of customer relationship data to deliver personalized financing solutions tailored to individual needs.
The interview also examines Sunbit's current portfolio of products, including its buy now, pay later platform and credit card offerings. Levertov discusses how these solutions help consumers manage expenses while supporting merchants and service providers in a variety of sectors.
Another major theme is the role of artificial intelligence in modern lending. Levertov explains how Sunbit has incorporated machine learning and AI technology into its underwriting and decision-making processes since the company's inception. These capabilities help evaluate customer needs, personalize offers, and improve overall lending outcomes.
The conversation further explores the limitations of traditional credit models. Levertov discusses how technology-driven approaches can enable more individualized assessments and potentially expand access to financial products for consumers who may not fit conventional lending profiles.
The interview also highlights broader opportunities within the fintech sector. Levertov believes that consumers increasingly expect personalized experiences, transparent pricing, and digital-first financial solutions. As technology continues to evolve, he sees significant opportunities for innovation throughout the lending and payments ecosystem.
Looking toward the future, Levertov shares his vision for continued expansion across consumer financial services and explains how AI-powered tools may help create more efficient, customer-focused financial products.
Throughout the discussion, Levertov provides perspectives on fintech, artificial intelligence, lending innovation, consumer finance, personal loans, credit access, payment solutions, and the future of financial technology.
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