Synchrony announced on October 1, 2025, the acquisition of Versatile Credit, a consumer-financing software provider specializing in point-of-sale solutions. Versatile Credit's multi-source financing platform connects merchants, lenders, and consumers, delivering increased access to credit seamlessly.
This acquisition is expected to enhance Synchrony's technological capabilities, particularly in industries such as furniture, home improvement, automotive, jewelry, and elective medical. Versatile's platform connects customers with various lending products across multiple prime, secondary, and tertiary lenders efficiently.
Synchrony intends to maintain Versatile's business strategy and management structure, allowing it to continue serving other lenders and merchants. The acquisition is expected to accelerate the technology roadmap for consumer financing solutions, though it is anticipated to be immaterial to Synchrony's earnings per share.
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