Synchrony Financial

Provides consumer financing and credit solutions

Stamford, Connecticut, United States

About Synchrony Financial

Synchrony provides consumer financing solutions, primarily through credit cards and other financing options. Their products allow individuals to access essential goods and services, making it easier for them to manage their everyday expenses. By connecting consumers with a wide range of small- and mid-sized businesses, as well as health and wellness providers, Synchrony creates a network that supports both consumers and merchants. Unlike many other financial services companies, Synchrony focuses specifically on consumer needs and offers tailored financing options that help users make informed financial decisions. The company's goal is to empower consumers by providing them with the financial tools they need to achieve their purchasing goals.

Stamford, ConnecticutHeadquarters
1932Year Founded
$24.3MTotal Funding
POST_IPO_EQUITYCompany Stage
Fintech, Financial ServicesIndustries
5,001-10,000Employees

Benefits

Flexible Work Hours
Remote Work Options
Performance Bonus

Risks

Increased competition from fintech companies may erode Synchrony's market share.
Rising popularity of 'Buy Now, Pay Later' services could reduce demand for credit cards.
Potential stricter regulations on credit card fees may impact Synchrony's revenue model.

Differentiation

Synchrony specializes in consumer financing solutions, focusing on credit cards and financing options.
The company connects consumers with small- and mid-sized businesses and health providers.
Synchrony's business model generates revenue through interest and fees on credit products.

Upsides

Synchrony extended its partnership with Chevron, ensuring a stable revenue stream.
The launch of the Digital Academy in Hyderabad enhances Synchrony's technological capabilities.
Renewed partnerships with JCPenney and Dick's Sporting Goods strengthen Synchrony's market position.

Funding

Total raised$24.32 M
Latest valuation$50.00 M
StagePOST_IPO_EQUITY
POST IPO EQUITY
1/31/2024
$500
DEBT
2/28/2011
$5
SERIES C
12/31/2009
$10
$50.00 M
$10
$50.00 M
$5
$25.00 M