Sunbound Expands Reach with Live Oak Ventures Investment, Supporting Growth in Senior Living Sector
Sunbound, a finance solutions provider for senior living, has secured investment from Live Oak Ventures, a subsidiary of Live Oak Bancshares. The company, which has grown over 20x in 2024, offers AR automation tools and working capital solutions to streamline financial processes for senior living operators.
The investment will accelerate Sunbound's product development, enhance its analytics and AI capabilities, and expand its go-to-market activities. The company is building a 'Financial OS for Senior Care' to address challenges in the sector, where operators currently receive over 50% of payments by check and manage finances through disconnected systems.
Sunbound, un fornitore di soluzioni finanziarie per la vita assistita, ha ottenuto un investimento da Live Oak Ventures, una sussidiaria di Live Oak Bancshares. L'azienda, che è cresciuta di oltre 20 volte nel 2024, offre strumenti di automazione AR e soluzioni di capitale circolante per semplificare i processi finanziari per gli operatori della vita assistita.
L'investimento accelererà lo sviluppo dei prodotti di Sunbound, migliorerà le sue capacità analitiche e di intelligenza artificiale, e espanderà le sue attività di commercializzazione. L'azienda sta costruendo un 'Sistema Operativo Finanziario per la Cura degli Anziani' per affrontare le sfide del settore, in cui gli operatori attualmente ricevono oltre il 50% dei pagamenti tramite assegno e gestiscono le finanze attraverso sistemi disconnessi.
Sunbound, un proveedor de soluciones financieras para la vida asistida, ha asegurado una inversión de Live Oak Ventures, una subsidiaria de Live Oak Bancshares. La empresa, que ha crecido más de 20 veces en 2024, ofrece herramientas de automatización de cuentas a cobrar y soluciones de capital de trabajo para optimizar los procesos financieros para los operadores de vida asistida.
La inversión acelerará el desarrollo de productos de Sunbound, mejorará sus capacidades de análisis e inteligencia artificial, y expandirá sus actividades de comercialización. La empresa está construyendo un 'Sistema Operativo Financiero para la Atención a Ancianos' para abordar los desafíos del sector, donde los operadores reciben actualmente más del 50% de los pagos mediante cheque y gestionan las finanzas a través de sistemas desconectados.
Sunbound는 노인 주거를 위한 금융 솔루션 제공업체로, Live Oak Ventures로부터 투자를 확보했습니다. Live Oak Bancshares의 자회사인 이 회사는 2024년에 20배 이상 성장했으며, 노인 주거 운영자를 위한 재무 프로세스를 간소화하기 위해 AR 자동화 도구와 운영 자본 솔루션을 제공합니다.
이번 투자는 Sunbound의 제품 개발을 가속화하고 분석 및 AI 기능을 강화하며 시장 진출 활동을 확장할 것입니다. 이 회사는 운영자들이 현재 50% 이상의 지불을 수표로 받고 분리된 시스템을 통해 재무를 관리하는 이 분야의 문제를 해결하기 위해 '노인 관리용 금융 운영 시스템'을 구축하고 있습니다.
Sunbound, un fournisseur de solutions financières pour la vie des seniors, a sécurisé un investissement de Live Oak Ventures, une filiale de Live Oak Bancshares. L'entreprise, qui a connu une croissance de plus de 20 fois en 2024, propose des outils d'automatisation AR et des solutions de capital de travail pour rationaliser les processus financiers des opérateurs de vie des seniors.
L'investissement accélérera le développement des produits de Sunbound, améliorera ses capacités analytiques et d'intelligence artificielle, et élargira ses activités de mise sur le marché. L'entreprise construit un 'Système d'Exploitation Financier pour le Soin des Seniors' afin de répondre aux défis du secteur, où les opérateurs reçoivent actuellement plus de 50 % des paiements par chèque et gèrent leurs finances à travers des systèmes déconnectés.
Sunbound, ein Anbieter von Finanzlösungen für Seniorenwohnheime, hat eine Investition von Live Oak Ventures, einer Tochtergesellschaft von Live Oak Bancshares, gesichert. Das Unternehmen, das 2024 um über das 20-fache gewachsen ist, bietet AR-Automatisierungstools und Working-Capital-Lösungen an, um die finanziellen Prozesse für Betreiber von Seniorenwohnheimen zu optimieren.
Die Investition wird die Produktentwicklung von Sunbound beschleunigen, seine Analyse- und KI-Fähigkeiten verbessern und seine Markteinführungsaktivitäten erweitern. Das Unternehmen baut ein 'Finanzielles OS für die Seniorenpflege', um die Herausforderungen in diesem Sektor anzugehen, in dem Betreiber derzeit über 50 % der Zahlungen per Scheck erhalten und ihre Finanzen über getrennte Systeme verwalten.
- 20x growth achieved in 2024
- Strategic investment secured from Live Oak Ventures
- Expansion of product development and AI capabilities planned
- None.
Insights
Live Oak Ventures' investment in Sunbound represents a strategic move into the growing senior living financial technology sector. The partnership aims to modernize payment processing and financial operations in an industry plagued by inefficient manual workflows. Sunbound's impressive
For Live Oak Bancshares (LOB), this investment aligns with their existing senior housing lending portfolio and could create synergies by improving the financial health of their borrowers. The deal strengthens LOB's position in the senior care sector while diversifying revenue streams through fintech innovation. The focus on operational efficiency and cash flow optimization addresses critical pain points in the
The senior living sector faces significant operational challenges, with over
The partnership with Live Oak provides Sunbound with both capital and industry expertise to accelerate product development and market expansion. Their focus on AI capabilities and analytics aligns with broader industry trends toward data-driven operations and automated financial processes. This investment could catalyze further technological adoption across the senior living sector.
New Partnership to Fuel Financial Innovations, Delivering Flexible Solutions to Operators and Families
Senior living operators spend significant time and effort dealing with manual and inefficient financial workflows, which hurts profitability and strains cash flow. Sunbound's platform directly addresses these challenges with accounts receivable (AR) automation tools and flexible working capital solutions that simplify payments and increase cash flow. By streamlining the payment process for families, supporting community teams and providing essential capital access for operators, Sunbound helps communities remain resilient in a demanding industry.
Sunbound has grown more than 20x in 2024, partnering with operators of all sizes across the country to increase velocity of cash while reducing bad debt and administrative burden on community teams.
The investment from Live Oak will accelerate Sunbound's product development, with a focus on expanding its product suite, both in software and financing, enhancing its analytics and AI capabilities and expanding its go-to-market activities. Additionally, Sunbound plans to continue to scale its award-winning customer support team to support the influx of operators seeking to optimize their financial operations.
"We are excited about forging a strategic partnership with Live Oak, one of the largest and most respected senior housing lenders nationally. They have seen firsthand the meaningful, measurable impact of our product through our work with their own senior living loan portfolio. The Live Oak team brings a wealth of knowledge and experience, both in financial technology and the senior living industry. We look forward to collaborating with their team to achieve our shared vision of solving operators' most pressing challenges, improving their financial performance and meeting the evolving needs of their residents," said Manny Cominsky, CEO of Sunbound.
"Our team understands the challenges of operating in the senior housing market. Sunbound is offering an important, next-generation financial operating system that helps businesses navigate those challenges," said Stephanie Mann, Live Oak Bank Chief Strategy Officer. "We are excited to invest in a company that is helping to advance and simplify revenue generation for a vertical we have been serving for many years."
Looking ahead, Sunbound is building the "Financial OS for Senior Care," by offering a suite of tools that ensures financial and operational efficiency across the sector. By equipping operators with robust financial solutions, Sunbound is helping operators grow sustainably, and deliver consistently high standards of care for the nation's seniors. To learn more about the full suite of Sunbound products, visit sunboundhomes.com.
About Sunbound
Sunbound is on a mission to enhance, streamline and ultimately transform the financial processes for both senior living operators and their families. Today, senior living operators receive over
About Live Oak Ventures
Live Oak Ventures, a wholly owned subsidiary of Live Oak Bancshares (NYSE: LOB), is a fintech-focused investor that aims to bring innovation and performance excellence to the forefront of the banking industry. By investing in companies that accelerate the delivery of open digital solutions to the market, Live Oak Ventures intends to change the landscape of financial services and small business banking.
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SOURCE Sunbound
FAQ
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