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Business Wire
18-06-2025
- Business
- Business Wire
EY US Announces Arad Levertov of Sunbit as an Entrepreneur Of The Year ® 2025 Greater Los Angeles Award Winner
LOS ANGELES--(BUSINESS WIRE)--Ernst & Young LLP (EY US) announced that Arad Levertov, CEO of Sunbit was named an Entrepreneur Of The Year 2025 Greater Los Angeles Award winner. Entrepreneur Of The Year is the preeminent competitive awards program for entrepreneurs and leaders of high-growth companies. For 40 years, EY US has celebrated ambitious entrepreneurs who are transforming industries, impacting communities and creating long-term value. "Entrepreneurship is full of Sunbit, staying focused on serving the customer, and remembering that behind every transaction and account number is a person who is just trying to get something done, has made all the difference.' Mr. Levertov was chosen by an independent panel of past winners, top CEOs and business leaders. Judges assessed candidates on long-term value creation, entrepreneurial spirit, purpose-driven commitment and significant growth and impact. Sunbit was co-founded by Arad Levertov, Ornit Maizel (CTO), Tal Riesenfeld (CRO), and Tamir Hazan (Head of AI) to challenge the status quo, offering better consumer experiences through superior products, services, and support than was previously possible. In a market where transactional thinking, heavy fee structures, exclusionary policies and products are standard, Sunbit stands apart, having served millions of customers with fast, transparent and fair terms and products – without charging fees of any kind. Sunbit's technology eases the stress of paying for life's expenses by giving people more options on how and when they pay. They have served millions of customers at tens of thousands of locations through their pioneering BNPL for brick-and-mortar businesses, and launched a co-branded credit card with retailers across the country. 'I am honored to be chosen as an EY Entrepreneur of the year winner,' said Levertov. 'I have so much respect for my fellow entrepreneurs, who all know that entrepreneurship is full of challenges. Policy changes, global events, and forces of nature sometimes conspire to test your fortitude. But for Sunbit, staying focused on serving the customer, and remembering that behind every transaction and account number is a person who is just trying to get something done, has made all the difference.' The go-to-financing partner in auto services, Sunbit's technology is found in more than 60% of auto dealership service centers, and they are the fastest-growing patient financing provider in the dental market. Sunbit has done $3.2B in transactions across 4.2M BNPL originations, with 20% of those at 0% interest. Their recently launched co-branded credit card boasts over 186K cardholders, and the company has Saas integrations with partners like Stripe, Xtime, Weave, and more. As a Greater Los Angeles award winner, Mr. Levertov is now eligible for consideration for the Entrepreneur Of The Year 2025 National Awards. The National Award winners, including the Entrepreneur Of The Year National Overall Award winner, will be announced in November at the Strategic Growth Forum ®, one of the nation's most prestigious gatherings of high-growth, market-leading companies. The Entrepreneur Of The Year National Overall Award winner will then move on to compete for the EY World Entrepreneur Of The Year™ Award in June 2026. Entrepreneur Of The Year recognizes many different types of business leaders for their ingenuity, courage and entrepreneurial spirit. The program celebrates original founders who bootstrapped their business from inception or who raised outside capital to grow their company; transformational CEOs who infused innovation into an existing organization to catapult its trajectory; and multigenerational family business leaders who reimagined a legacy business model to strengthen it for the future. The Entrepreneur Of The Year program has recognized the leadership of entrepreneurs such as: Sponsors Founded and produced by Ernst & Young LLP, the Entrepreneur Of The Year Awards include presenting sponsors PNC Bank, Cresa, LLC, Marsh USA, and SAP. In Greater Los Angeles, sponsors also include ADP, Cooley, Los Angeles Business Journal, Vaco, and Big Picture. About Entrepreneur Of The Year Founded in 1986, Entrepreneur Of The Year has celebrated more than 11,000 ambitious visionaries who are leading successful, dynamic businesses in the US, and it has since expanded to nearly 60 countries globally. The US program consists of 17 regional programs whose panels of independent judges select the regional award winners every June. Those winners compete for national recognition at the Strategic Growth Forum ® in November where National finalists and award winners are announced. The overall National winner represents the US at the EY World Entrepreneur Of The Year™ competition. Visit About EY EY is building a better working world by creating new value for clients, people, society and the planet, while building trust in capital markets. Enabled by data, AI and advanced technology, EY teams help clients shape the future with confidence and develop answers for the most pressing issues of today and tomorrow. EY teams work across a full spectrum of services in assurance, consulting, tax, strategy and transactions. Fueled by sector insights, a globally connected, multi-disciplinary network and diverse ecosystem partners, EY teams can provide services in more than 150 countries and territories. All in to shape the future with confidence. EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Information about how EY collects and uses personal data and a description of the rights individuals have under data protection legislation are available via EY member firms do not practice law where prohibited by local laws. For more information about our organization, please visit About Sunbit Sunbit builds financial technology for real life. Our financial technology products have helped millions of people ease the stress of paying for life's expenses by giving them more options on how and when they pay. Sunbit's technology brings no-fee credit cards for top retailers. The company's BNPL solution is found in over 50% of all auto dealership service centers and is the fastest-growing and second-largest dental patient financing solution. Loans are made by Transportation Alliance Bank Inc. dba T.A.B. Bank, which determines qualifications for and terms of credit. The Sunbit Card is issued by T.A.B. Bank, pursuant to a license from Visa U.S.A. Inc. Use of the card is subject to the cardholder agreement.
Irish Times
01-05-2025
- Business
- Irish Times
Losses widen at Shorla Oncology
The head of Shorla Oncology said the business expects to increase revenues significantly in 2025, even as losses widened in 2023. Chief executive Sharon Cunningham was commenting on new accounts for the Clonmel headquartered Shorla Pharma Ltd which show that the group recorded a pre-tax lopretax8.07m in 2023 as the business continued in its development phase. The pretax loss followed a €6.2 million loss in 2022. Last year, Sharon Cunningham and Orlaith Ryan from Shorla Oncology were named 2024 EY Entrepreneurs Of The Year. READ MORE Ms Cunningham said: 'Our business is very capital intensive in the product development phase. It takes several years to develop and commercialise pharmaceutical drugs to start generating revenue and realise a return'' The company is currently conducting another round of fundraising after having already raised $45 million, she added. The accounts show that the company recorded its first revenues in 2023 at €2.49 million and Ms Cunningham said: 'There was a significant increase in revenues in 2024 and we expect another significant increase in revenues this year.' Research and development spending increased from €2.12 million to €3.26 million in 2023. 'We are very pleased with the progress of our business and we are exactly where we planned to be and want to be from a revenue and pipeline progression perspective,' Ms Cunningham said. The company has currently four FDA approved medicines for the US market and launched the fourth of those this week in the US. It also has a US office at Cambridge, Massachusetts where Ms Cunningham is based. The Waterford native said that numbers employed now total 45 and said that she expects employee numbers to increase further this year. The accounts show a capital injection of €28.45 million in 2023 resulted in the company having shareholder funds of €17.12 million at the end of 2023. Asked on the impact of winning the EY Entrepreneur of the Year for 2024, Ms Cunningham said that it has been ' phenomen'l'. 'It's extremely beneficial to have access to such a dynamic group of successful entrepreneurs and winning the competition overall has provided validation and further credibility of our business'' The company will be representing Ireland in the world EY Entrepreneur of the year competition in Monaco in June.
Irish Examiner
01-05-2025
- Business
- Irish Examiner
Clonmel-based Shorla Oncology to increase revenues significantly
The CEO of Shorla Oncology said on Thursday that the business expects to increase revenues significantly in 2025. Ms Sharon Cunningham was commenting on new accounts for the Clonmel-headquartered Shorla Pharma Ltd which show that the group recorded a pre-tax loss of €8.07m in 2023 as the business continued in its development phase. The pre-tax loss of €8.07m followed a pre-tax loss of €6.2m in 2022. Last year, Sharon Cunningham and Orlaith Ryan, from Shorla Oncology, were named 2024 EY Entrepreneurs Of The Year. At the time, Ms Cunningham said: 'Our business is very capital intensive in the product development phase. It takes several years to develop and commercialise pharmaceutical drugs to start generating revenue and realise a return Ms Cunningham said that the company is currently conducting another round of fundraising after having already raised $45m. The accounts show that the company recorded its first revenues in 2023 at €2.49m, and Ms Cunningham said: 'There was a significant increase in revenues in 2024, and we expect another significant increase in revenues this year.' The company's research and development spend increased from €2.12m to €3.26m in 2023. Ms Cunningham said: 'We are very pleased with the progress of our business, and we are exactly where we planned to be and want to be from a revenue and pipeline progression perspective." US market Ms Cunningham said that the company has currently four FDA approved medicines for the US market and launched the fourth of those this week in the US. The firm also has a US office at Cambridge, Massachusetts, where Ms Cunningham is based, and she said that the medicines include treatments for breast and ovarian cancer and leukaemia. The Waterford native said that numbers employed now total 45, adding that she expects employee numbers to increase further this year. In accounts signed off on March 13, they show that a capital injection of €28.45m in 2023 resulted in the company having shareholder funds of €17.12m at the end of 2023. Cash funds increased from €4.73m to €14.49m. A note attached to the accounts states that the company meets its day-to-day working capital requirements through existing cash resources and from future funding. A separate note states that 'the projections indicate that additional funding will be required in 2026, and assume that the company will successfully obtain such funding'. Asked on the impact of winning the EY Entrepreneur of the Year for 2024, Ms Cunningham said that it has been "phenomenal". She said: 'It's extremely beneficial to have access to such a dynamic group of successful entrepreneurs and winning the competition overall has provided validation and further credibility of our business." Ms Cunningham said that the company will be representing Ireland in the world EY Entrepreneur of the year competition in Monaco in June. Read More Smurfit Westrock posts 'strong' first quarter after merger
