Synchrony
Latest round
- Series C
Last raised
- Jan 2010
Total raised
- $25M
Investors
- 1
About Synchrony
Synchrony Inc.Founded in Salem, US, Synchrony Inc. focuses on providing consumer credit solutions. The company was acquired by Dresser-Rand in January 2012 for USD 50 mn.Synchrony offers a diverse range of financial products and services primarily centered around consumer credit solutions. These products are designed for end users who seek flexible payment solutions that allow them to manage larger expenses over time, typically with promotional interest rates like 0% APR for specific durations. Synchrony caters to a broad client base, including individual consumers and retail partners across the United States, where their financial solutions are embedded in the payment systems of well-known brands such as Lowe's, Amazon, and Sam's Club.Synchrony generates revenue through interest payments and fees associated with its credit products and services. For example, when a consumer utilizes a Synchrony card for a purchase at a partnered retailer, Synchrony earns revenue from the interest charged on any outstanding balances, as well as from potential fees associated with the credit services. Additionally, partnerships with retailers lead to performance-based revenue, where Synchrony may receive compensation from retail partners based on the volume of credit extended to their customers.Looking ahead, Synchrony is focused on developing new credit products aimed at enhancing customer engagement and expanding its market reach. The recent acquisition by Dresser-Rand provides a strategic foundation for potential geographic expansion, specifically targeting underserved metropolitan areas by 2025.
Who invested in Synchrony
1 investor across 3 rounds
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Questions about Synchrony
Who invested in Synchrony?
Synchrony has 1 investor on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Synchrony raised?
Synchrony has raised 3 venture rounds. Sign up free to see how much each round raised and the total.
When did Synchrony last raise money?
Synchrony's most recent round on record is a Series C, in Jan 2010.
What does Synchrony do?
Synchrony is a industrial machinery company.
Where is Synchrony headquartered?
Synchrony is headquartered in Salem, US.
Which VCs invest in companies like Synchrony?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back industrial machinery companies at Synchrony's stage. Their profiles are linked below.
VCs backing industrial machinery startups at Series C
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