Sunbit names Shai Terem as chief financial officer

Sunbit appointed Shai Terem as chief financial officer, according to a company announcement. Terem brings more than 15 years of executive leadership experience in growth strategy, financial operations, and capital markets.

Terem previously served as president and CEO of Markforged (NYSE: MKFG), where he led the company's public listing with a $2.1 billion valuation and raised $425 million. He also held senior positions at Kornit Digital (NASDAQ: KRNT) as president Americas and at Stratasys (NASDAQ: SSYS) as VP finance and operations Americas.

"Shai is a seasoned operator with deep experience leading public companies through critical growth inflection points," said Arad Levertov, CEO and co-founder of Sunbit. "His expertise in scaling organizations, managing capital markets, and building global teams will be invaluable as we continue to expand Sunbit's reach and impact."

Terem holds an MBA from the University of Chicago Booth School of Business and a BA in economics from Tel Aviv University.

The appointment comes after Sunbit reported three consecutive profitable quarters and 35% year-over-year revenue growth. The financial technology company completed its inaugural asset-backed securitization, bringing total funding capacity to more than $1.5 billion.

Sunbit provides buy now, pay later solutions and co-branded credit cards. The company operates in over 60% of auto dealership service centers and offers financing solutions for dental services. The company reported exceeding 4.5 million transactions and expects an 80% increase in year-over-year co-branded credit card receivables.

You May Also Be Interested In

• Sui Group's chief investment officer resigns, effective July 2026
• Astrana Health names two executives to expand leadership team
• Ironwood names new CMO as STARS-2 trial begins recruiting