We designed our business strategically to eliminate the consumer acquisition costs. We partner directly with merchants, who do the acquiring for us. This produces a win all around: merchants have a great solution with which to offer their customers, who in turn can get what they need when they want it, at a fair rate; we’re able to grow our company with substantially lower capital requirements than many other fintech companies.
A FinTech veteran, Arad leads Sunbit’s Strategy and Operations. Arad was COO of Enova International, where he successfully managed a team of 700 people in the $800M business across Product, Marketing, Strategy, HR and Operations. Prior to Enova, he ran Operations and Systems Development at Intel. He was a Major in the Israeli Navy SEALs, and received an MBA from Duke University.