Versatile Credit Bringing Leading Credit Access Platform to Synchrony
Synchrony (NYSE: SYF) has acquired Versatile Credit, a consumer-financing software provider that connects merchants, lenders, and consumers through point-of-sale solutions. The acquisition strengthens Synchrony's technological capabilities in consumer financing across furniture, home improvement, automotive, jewelry, and elective medical industries.
Versatile Credit's platform facilitates multi-source financing by connecting customers with various lending products across prime, secondary, and tertiary lenders. Under Synchrony's ownership, Versatile will maintain its current business strategy and management structure while continuing to serve multiple lenders and merchants. The acquisition is expected to be immaterial to Synchrony's earnings per share.
Synchrony (NYSE: SYF) ha acquistato Versatile Credit, un fornitore di software di finanziamento al consumo che collega commercianti, prestatori e consumatori tramite soluzioni di punto vendita. L'acquisizione rafforza le capacità tecnologiche di Synchrony nel finanziamento al consumo nei settori mobili e arredamento, miglioramento della casa, automotive, gioielli e medicina elettiva.
La piattaforma di Versatile Credit facilita un finanziamento multi-sorgente collegando i clienti a una gamma di prodotti di prestito tra prestatori primari, secondari e terziari. Sotto la proprietà di Synchrony, Versatile manterrà la sua attuale strategia aziendale e la struttura di gestione, continuando a servire molteplici prestatori e commercianti. Si prevede che l'acquisizione avrà un impatto irrilevante sugli utili per azione di Synchrony.
Synchrony (NYSE: SYF) ha adquirido Versatile Credit, un proveedor de software de financiación al consumo que conecta comercios, prestamistas y consumidores a través de soluciones de punto de venta. La adquisición fortalece las capacidades tecnológicas de Synchrony en la financiación al consumo en los sectores de muebles, mejoras para el hogar, automoción, joyería y medicina electiva.
La plataforma de Versatile Credit facilita la financiación multi-sources al conectar a los clientes con distintos productos de préstamo ante prestamistas primarios, secundarios y terciarios. Bajo la propiedad de Synchrony, Versatile mantendrá su estrategia comercial y estructura de gestión actuales, y continuará prestando servicios a múltiples prestamistas y comercios. Se espera que la adquisición tenga un impacto irrelevante en las ganancias por acción de Synchrony.
Synchrony (NYSE: SYF)가 Versatile Credit를 인수했습니다. Versatile Credit은 매장, 대출자, 소비자를 POS 솔루션을 통해 연결하는 소비자 금융 소프트웨어 제공업체입니다. 이번 인수로 가구, 홈 인테리어, 자동차, 보석, 선택적 의료 분야에 걸친 Synchrony의 소비자 금융 기술 역량이 강화됩니다.
Versatile Credit의 플랫폼은 주요·이차·삼차 대출 기관과의 연결을 통해 다양한 대출 상품으로 다원화된 자금 조달을 촉진합니다. Synchrony가 소유하는 동안 Versatile는 현재의 사업 전략과 관리 구조를 유지하고 여러 대출자와 상인들을 계속해서 서비스할 예정입니다. 이 인수는 Synchrony의 주당순이익에 실질적인 영향을 미치지 않을 것으로 예상됩니다.
Synchrony (NYSE: SYF) a acquis Versatile Credit, un fournisseur de logiciels de financement à destination des consommateurs qui relie les commerçants, les prêteurs et les consommateurs via des solutions de point de vente. Cette acquisition renforce les capacités technologiques de Synchrony dans le financement à la consommation dans les secteurs de l’ameublement, de l’amélioration de l’habitat, de l’automobile, de la joaillerie et de la médecine élective.
La plateforme de Versatile Credit facilite le financement multi-sources en reliant les clients à divers produits de prêt auprès de prêteurs primaires, secondaires et tertiaires. Sous la propriété de Synchrony, Versatile maintiendra sa stratégie commerciale et sa structure de gestion actuelles tout en continuant à servir plusieurs prêteurs et marchands. On s’attend à ce que l’acquisition n’ait pas d’impact matériel sur le bénéfice par action de Synchrony.
Synchrony (NYSE: SYF) hat Versatile Credit übernommen, einen Anbieter von Consumer-Finance-Software, der Händler, Kreditgeber und Verbraucher über Point-of-Sale-Lösungen verbindet. Die Übernahme stärkt Synchronys technologische Fähigkeiten im Consumer Financing in den Bereichen Möbel, Heimverbesserung, Automobil, Schmuck und elective Medizin.
Die Plattform von Versatile Credit erleichtert die Finanzierung aus mehreren Quellen, indem sie Kunden mit verschiedenen Kreditprodukten von Erst-, Zweit- und Drittanbietern verbindet. Unter der Eigentümerschaft von Synchrony wird Versatile seine aktuelle Geschäftsstrategie und Managementstruktur beibehalten und weiterhin mehrere Kreditgeber und Händler bedienen. Es wird erwartet, dass die Übernahme keinen wesentlichen Einfluss auf Synchronys Gewinn je Aktie hat.
اشترت شركة Synchrony (بورصة نيويورك: SYF) شركة Versatile Credit، وهي مزود برمجيات تمويل استهلاكي يربط التجار والمقرضين والمستهلكين من خلال حلول نقاط البيع. تعزز الصفقة قدرات Synchrony التكنولوجية في التمويل الاستهلاكي عبر قطاعات الأثاث وتحسين المنزل والسيارات والمجوهرات والطب الانتقائي.
تُسهِّل منصة Versatile Credit التمويل من مصادر متعددة بربط العملاء بمنتجات ائتمانية مختلفة لدى مقرضين رئيسيين وثانويين وثالثيين. تحت ملكية Synchrony، ستحتفظ Versatile بالاستراتيجية التجارية والهياكل الإدارية الحالية مع الاستمرار في خدمة عدة مقرضين وتجار. من المتوقع ألا يكون للصفقة تأثير مادي على ربحية السهم لشركة Synchrony.
Synchrony (NYSE: SYF) 已收购 Versatile Credit，这是一家通过销售点解决方案连接商户、放款人和消费者的消费者融资软件提供商。此次收购将提升 Synchrony 在家具、家居改造、汽车、珠宝及可选医疗领域的消费者金融技术能力。
Versatile Credit 平台通过将客户与多家主要、次级和第三方放款人的贷款产品相连接，促进多源融资。在 Synchrony 的控股下，Versatile 将保持现有的商业策略与管理架构，并继续为多家放款人和商户提供服务。预计此次收购对 Synchrony 的每股收益不会产生重大的影响。
- Strategic expansion of Synchrony's technological capabilities in consumer financing
- Versatile's established presence in multiple high-value sectors (furniture, automotive, jewelry, medical)
- Integration of Versatile's detailed reporting capabilities and merchant system integration
- Maintenance of Versatile's existing business relationships and operations
- Acquisition expected to be immaterial to earnings per share
- Integration risks with existing systems and operations
Insights
Synchrony strengthens its financing ecosystem by acquiring Versatile Credit, enhancing merchant offerings while maintaining Versatile's existing business relationships.
Synchrony's acquisition of Versatile Credit represents a strategic expansion of its technological infrastructure in the consumer financing space. The deal brings in Versatile's multi-source financing platform that connects merchants, lenders, and consumers at the point-of-sale—a capability that should enhance Synchrony's value proposition to its merchant partners.
What makes this acquisition particularly valuable is Versatile's established presence across furniture, home improvement, automotive, jewelry, and elective medical industries. The platform facilitates connections between merchants and multiple tiers of lenders (prime, secondary, and tertiary), enabling broader credit access for consumers who might otherwise be declined.
From an operational perspective, Synchrony plans to maintain Versatile's existing business model and management structure, allowing it to continue serving other lenders and merchants. This suggests a thoughtful integration approach that preserves Versatile's current revenue streams while potentially leveraging cross-selling opportunities.
The acquisition appears to be part of Synchrony's broader strategy to strengthen its technological capabilities and expand its financing ecosystem. By enhancing its ability to offer merchants detailed reporting capabilities and system integrations, Synchrony positions itself to better meet evolving market demands.
While the financial terms weren't disclosed, the company stated the acquisition is expected to be immaterial to earnings per share, indicating limited immediate financial impact but potential for long-term strategic value. This technology-focused acquisition aligns with industry trends toward more integrated and flexible financing solutions at the point of sale.
Synchrony Acquired Versatile Credit's Multi-Source Financing Platform, Expanding Technological Capabilities
Versatile Credit Will Continue Serving Many Lenders And Merchants
"As a trusted partner to some of the country's most respected brands, as well as hundreds of thousands of small- and mid-sized businesses and health & wellness providers, Synchrony is committed to bringing innovative technology and capabilities to help them grow. Versatile's platform sits at the forefront of consumer financing, ultimately driving more sales for merchants and expanded access to credit for consumers," said Maran Nalluswami, Executive Vice President, Chief Strategy and Business Development Officer, at Synchrony.
"As a proud Synchrony partner for more than 15 years, we know they share our goal of providing shoppers across the spectrum with multiple opportunities to access credit," said Ed O'Donnell, Chief Executive Officer, of Versatile Credit. "We empower our partners with solutions to drive sales and growth while streamlining the user experience. Joining Synchrony will enable us to bring our platform to more merchants and consumers."
With deep capabilities across the furniture, home improvement, automotive, jewelry, and elective medical industries, Versatile connects the customers of merchants and healthcare providers with a set of lending products across multiple prime, secondary, and tertiary lenders in an efficient and seamless manner. Additionally, Versatile's detailed reporting capabilities and back-end integration with merchant systems are expected to enable Synchrony to bring new capabilities to meet the changing demands of its merchant and provider partners.
Synchrony intends to maintain Versatile's business strategy, management structure, and data integrity, serving numerous other lenders as well as their merchants and providers. Versatile will collaborate with Synchrony to accelerate the technology roadmap for consumer financing solutions. The acquisition is expected to be immaterial to the Company's earnings per share.
BofA Securities, Inc. acted as financial advisor to Synchrony in connection with the transaction and Mayer Brown LLP served as legal advisor. Shea & Company, LLC served as financial advisor and Weil, Gotshal & Manges LLP served as legal advisor to Versatile Credit.
This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by words such as "will," "expect," or words of similar meaning. The forward-looking statements convey expectations related to the acquisition of Versatile by Synchrony Financial, which are based on assumptions and subject to inherent uncertainties, risks and changes that are difficult to predict. As a result, actual results could differ materially from those indicated in these forward-looking statements. For the reasons described above, we caution you against relying on any forward-looking statements, which should also be read in conjunction with Synchrony's public filings, including under the heading "Risk Factors Relating to Our Business" and "Risk Factors Relating to Regulation" in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2024, as filed on February 7, 2025. Any forward-looking statement speaks only as of the date on which it is made and we undertake no obligation to update any forward-looking statement, except as otherwise may be required by law.
About Synchrony
Synchrony (NYSE: SYF) is a leading consumer financing company at the heart of American commerce and opportunity. From health to home, auto to retail, our Synchrony products have been serving the needs of people and businesses for nearly 100 years. We provide responsible access to credit and banking products to support healthier financial lives for tens of millions of people, enabling them to access the things that matter to them. Additionally, through our innovative products and experiences, we support the growth and operations of some of the country's most respected brands, as well as more than 400,000 small and midsize businesses and health and wellness providers that Americans rely on. Synchrony is proud to be ranked as the country's #2 Best Company to Work For® by Fortune magazine and Great Place to Work®. For more information, visit www.synchrony.com.
Contacts
Media Relations:
Jennifer Morris
Synchrony
jennifer.morris@syf.com
(929) 769-0290
Investor Relations:
Kathryn Miller
Synchrony
kathryn.miller@syf.com
(203) 585-6291
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SOURCE Synchrony Financial
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