ServiceTitan Will Offer Synchrony Financing
Within its Software Platform to Reduce Friction and Aid in Closing
Sales for Contractors
STAMFORD, Conn., April 30,
2024 /PRNewswire/ -- Synchrony (NYSE: SYF), a leading
consumer finance company, and ServiceTitan, a leading software
platform built to power the trades, today announced the integration
of Synchrony financing into the ServiceTitan platform, making it
easier than ever for contractors to offer financing to their
customers.
"Contractors love ServiceTitan because it intuitively handles
their workflow and that makes it easier to close business and
increase sales," said Curtis Howse,
Executive Vice President & Chief Executive Officer, Home &
Auto, Synchrony. "Teaming up with ServiceTitan will make the sales
process seamless, helping businesses across industries as well as
the customers they serve."
Through this new partnership, Synchrony will enable contractors
in the field to offer customers the option to apply for financing
through ServiceTitan's software platform, leveraging Synchrony's
direct-to-device application process and pre-fill technology. After
a customer applies, the contractor will receive the application
response and, upon approval, will be able to proceed with the sales
process—all within ServiceTitan.
"Our top priority at ServiceTitan is providing contractors with
the solutions they need to grow their business while delivering the
best customer experience possible," Anmol
Bhasin, Chief Technology Officer, ServiceTitan. "Through our
new partnership with Synchrony, we are able to offer our customers
even more options when it comes choosing a financing process."
Synchrony currently serves tens of thousands of businesses in
the home improvement sector, many of which already use
ServiceTitan, and the new partnership creates the opportunity to
serve those partners better with ServiceTitan's
industry-leading platform.
About Synchrony
Synchrony (NYSE: SYF) is a premier
consumer financial services company delivering one of the
industry's most complete digitally enabled product suites. Our
experience, expertise and scale encompass a broad spectrum of
industries including digital, health and wellness, retail,
telecommunications, home, auto, outdoor, pet and more. We have an
established and diverse group of national and regional retailers,
local merchants, manufacturers, buying groups, industry
associations and healthcare service providers, which we refer to as
our "partners." We connect our partners and consumers through our
dynamic financial ecosystem and provide them with a diverse set of
financing solutions and innovative digital capabilities to address
their specific needs and deliver seamless, omnichannel experiences.
We offer the right financing products to customers in their channel
of choice. For more information, visit www.synchrony.com.
About ServiceTitan
ServiceTitan is a cloud-based
software platform built to power trades businesses. The company's
end-to-end solution gives contractors the tools they need to run
and grow their business, manage their back office, and provide a
stellar customer experience. By bringing an integrated SaaS
platform to an industry historically underserved by technology,
ServiceTitan is equipping tradespeople with the technology they
need to keep the world running. ServiceTitan is backed by
world-class investors including Battery Ventures, Bessemer Venture
Partners, Coatue, CPP Investments, Dragoneer Investment Group,
Durable Capital Partners LP, Generation Investment Management,
ICONIQ Growth, Index Ventures, Sequoia Capital, Thoma Bravo, TPG, and T. Rowe Price.
Contact:
Lauren
Devilbiss
Synchrony
lauren.devilbiss@syf.com
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SOURCE Synchrony