About Synchrony
Synchrony is a company based in Salem (United States) founded in 1993 was acquired by Dresser-Rand in December 2011. It operates as a Commission-Based, Brokerage / Intermediation, and Subscription Services. Synchrony has raised $25 million across 6 funding rounds from investors including Dresser-Rand and Third Security. The company has 20,000 employees as of December 31, 2024. Synchrony has completed 5 acquisitions, including Allegro Credit, GPShopper and Loop Commerce. Synchrony offers products and services including Synchrony Credit Cards, Synchrony Bank Savings, CareCredit, and Synchrony Marketplace. Synchrony operates in a competitive market with competitors including PayPal, Zscaler, Chainalysis, New York Life Insurance and Oracle, among others.
- Headquarter Salem, United States
- Employees 20000 as on 31 Dec, 2024
- Stage Public
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Sectors
Financial Services
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Synchrony Financial
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Annual Revenue
$19.12 B (USD)-7.91as on Dec 31, 2025
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Net Profit
$3.47 B (USD)-0.86as on Dec 31, 2025
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EBITDA
$12.44 B (USD)25.36as on Dec 31, 2024
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Total Equity Funding
$25 M (USD)
in 6 rounds
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Latest Funding Round
$750 M (USD), Debt – Conventional
Jul 31, 2019
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Investors
Dresser-Rand
& 1 more
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Employee Count
20000
as on Dec 31, 2024
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Investments & Acquisitions
Allegro Credit
& 4 more
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Acquired by
Dresser-Rand
(Dec 07, 2011)
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IPO & Listings of Synchrony
Synchrony is a publicly listed company on the NYSE with ticker symbol SYF in USA, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Synchrony
Synchrony offers a comprehensive portfolio of products and services, including Synchrony Credit Cards, Synchrony Bank Savings, CareCredit, and Synchrony Marketplace.
Credit cards are offered for retail financing solutions.
High yield savings accounts are provided for customers.
Financing for health and wellness costs is offered.
Deals and financing options are provided for shoppers.
People of Synchrony
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Software Development Team
362 people
Leadership Team
181 people
Sales and Marketing
83 people
Data Analysis and Operations Team
59 people
Human Resources and Administration
46 people
Product Management Team
46 people
Finance and Accounting
23 people
Operations Team
20 people
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Funding Insights of Synchrony
Synchrony has successfully raised a total of $25M across 6 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $750 million completed in July 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Synchrony
Synchrony has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Dresser-Rand and Third Security.
| Investor | Description | Founded Year | Domain | Location |
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Late-stage venture capital is provided to US life sciences companies.
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Locked | Locked | Locked | |
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Engineering solutions provider
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Locked | Locked | Locked |
Investor details for Synchrony
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Investments & Acquisitions by Synchrony
Synchrony has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include Allegro Credit, GPShopper and Loop Commerce.
Investment portfolio details for Synchrony
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- Transaction dates
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Customizable e-gifting SaaS platform is offered to retailers.
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Locked | Locked | 2012 | Locked | |
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Mobile commerce platform and app developer for retailers and brands
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Locked | Locked | 2007 | Locked | |
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Pet insurance quoting platform
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Locked | Locked | 2005 | Locked |
Complete acquisition details for Synchrony
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Financial Statements - Synchrony
Detailed financials for Synchrony
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Synchrony Comparisons
Peer comparison for Synchrony
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Competitors of Synchrony
Synchrony operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as PayPal, Zscaler, Chainalysis, New York Life Insurance and Oracle, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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| Locked | Locked | Locked |
Online payment solutions are offered to consumers and businesses.
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| Locked | Locked | Locked |
Cybersecurity and zero trust solutions are delivered for secure networks.
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| Locked | Locked | Locked |
Blockchain data platform insights for cryptocurrency are delivered.
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| Locked | Locked | Locked |
Mutual life insurance and asset management services are provided.
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| Locked | Locked | Locked |
Hybrid cloud infrastructure solutions are delivered for business management.
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Detailed competitors of Synchrony
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Latest news on Synchrony
Complete news archive for Synchrony
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- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
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Frequently Asked Questions about Synchrony
Synchrony was founded in 1993 and raised its 1st funding round 13 years after it was founded.
Synchrony is headquartered in Salem, United States.
Tom Quindlen is the current CEO of Synchrony.
Synchrony is a funded company, having raised a total of $25M across 6 funding rounds to date.
As of Dec 31, 2024, the latest employee count at Synchrony is 20,000.
Annual revenue of Synchrony is $19.12B as on Dec 31, 2025.
Synchrony is involved in offering a range of financial solutions including credit cards, retail financing, and banking products. High yield savings accounts, money market accounts, and CDs are provided through Synchrony Bank. Specialized credit cards such as Synchrony HOME, Car Care, and CareCredit for healthcare financing are offered. The company also operates a marketplace for deals and financing options across various retail categories. Services are extended to both individual consumers and businesses, focusing on flexible payment solutions and FDIC-insured products. Sectors served include retail, healthcare, and automotive industries.
Synchrony offers Synchrony Credit Cards, Synchrony Bank Savings, CareCredit, and Synchrony Marketplace.
Yes, Synchrony is publicly traded on NYSE under the ticker symbol SYF.
Synchrony has made 5 acquisitions, including Allegro Credit, GPShopper, and Loop Commerce.
Synchrony has 2 investors. Key investors include Dresser-Rand, and Third Security.
The ticker symbol of Synchrony is SYF on NYSE.