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Synchrony Financial
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Provides consumer financing and credit solutions
Synchrony Financial
Work Here?
Provides consumer financing and credit solutions
About Synchrony Financial
Industries
Fintech
Financial Services
Company Size
5,001-10,000
Company Stage
IPO
Total Funding
$24.3M
Headquarters
Stamford, Connecticut
Founded
1932
Overview
Synchrony Financial provides consumer financing solutions, primarily through credit products like credit cards. It connects millions of individuals with small and mid-sized businesses, as well as health and wellness providers, allowing consumers to access essential needs and everyday wants. The company's products enable users to make informed financial decisions by offering various financing options. Synchrony generates revenue through interest on its credit products and associated fees, distinguishing itself by its focus on connecting consumers with a wide range of businesses in the U.S. market.
Simplify's Take
What believers are saying
- Synchrony added 5 million new accounts in Q4 2024, indicating strong growth.
- The integration with Apple Pay enhances Synchrony's digital payment capabilities.
- Partnerships with healthcare providers expand Synchrony's reach in the health sector.
What critics are saying
- Increased competition from digital-first companies like Oscar Health pressures Synchrony to innovate.
- The luxury goods market volatility may impact Synchrony's partnership with Oceaneva.
- Regulatory scrutiny on 'Buy Now, Pay Later' services could affect Synchrony's offerings.
What makes Synchrony Financial unique
- Synchrony offers a comprehensive suite of digitally-enabled financial products.
- The company partners with diverse industries, including retail, health, and wellness.
- Synchrony is the largest issuer of private label store credit cards in the USA.
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Funding
Total Funding
$24.3M
Below
Industry Average
Funded Over
5 Rounds
Benefits
Flexible Work Hours
Remote Work Options
Performance Bonus
Company News
STAMFORD, Conn., March 7, 2025 /PRNewswire/ -- Synchrony (NYSE: SYF) employees, in a heartwarming display of courage and compassion, today braved icy waters at The Point at Norwalk Cove for the tenth consecutive celebration of their annual "Doubles Dive." The goal of the plunge is to raise vital funds for Connecticut-based nonprofit SeriousFun Children's Network, an organization devoted to creating summer camp experiences for children with serious illnesses and medical conditions
Hyderabad, March 5, 2025 - Synchrony celebrated a decade of community engagement and team spirit with the successful conclusion of its 10th Annual Doubles Dive Challenge at Novotel HICC, Hyderabad.
Furthermore, Synchrony Financial introduced new products, including Synchrony Pay Later, and added 5 million new accounts in the fourth quarter of 2024.
Oceaneva has partnered with Synchrony, the largest issue of private label store credit cards in the USA to provide financing for your Oceaneva Timepieces.
NATM partners with Synchrony to offer Financing Solutions for members.
Synchrony Financial is Hiring for 56 Jobs on Simplify!
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About Synchrony Financial
Industries
Fintech
Financial Services
Company Size
5,001-10,000
Company Stage
IPO
Total Funding
$24.3M
Headquarters
Stamford, Connecticut
Founded
1932
Synchrony Financial is Hiring for 56 Jobs on Simplify!
Find jobs on Simplify and start your career today