
Synchrony
Synchrony in Fortune Rankings
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A financial services company based in Connecticut, Synchrony has grown into the largest provider of private-label credit cards in the U.S., working with brands including Sam’s Club, Amazon, and Verizon. Synchrony also offers other business lines, including traditional banking savings products and buy-now, pay-later services, which compete against challengers such as Affirm and Klarna. Synchrony can trace its roots back to 1932, initially founded by General Electric to help consumers finance their products. Synchrony spun out from its parent company and went public in 2014, raising nearly $3 billion in its IPO. The company also operates a large network of medical credit cards that offer health care financing through its subsidiary CareCredit.

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