SUNNYVALE, Calif., Feb. 14, 2017 /PRNewswire/ -- Plug and Play is pleased to announce that premier consumer financial services company, Synchrony Financial, (NYSE: SYF) has joined Plug and Play FinTech's innovation platform as it prepares to kick off its fifth cohort. Through the partnership, Synchrony Financial will engage with leading entrepreneurs in the FinTech and Retail sectors to further accelerate pioneering digitization efforts to enhance the customer experience.
Even prior to their successful IPO in 2014, Synchrony Financial has been building relationships across the innovation spectrum with this most recent initiative tapping into the Silicon Valley ecosystem. To launch the relationship, Synchrony Financial President and CEO Margaret Keane visited Plug and Play's headquarters in January and met with Plug and Play CEO, Saeed Amidi, to discuss how best to leverage their position and network across the accelerator community. With more than $125 billion in financed sales for partners in 2016, Synchrony Financial can provide insight and advice to startups on the changing world of consumer finance.
"We are excited to tap into Plug and Play's network of entrepreneurs and startups in the FinTech arena," said Margaret Keane, President and CEO at Synchrony Financial. "The collaboration will help us continue to deliver engaging technology solutions for our partners and their customers."
Through Plug and Play's 12-week program, Synchrony Financial will be exposed to emerging technologies that will not only impact their business, but their partners' as well.
"It is our pleasure to welcome Synchrony Financial. Their commitment to innovation is what we look for in our partners, particularly when they have such a strong position in the branded card and retail industry" says Saeed Amidi, Founder and CEO of Plug and Play.
Plug and Play FinTech Batch 5 begins March 8th, 2017.
About Plug and Play Tech Center
Plug and Play Tech Center is a global innovation platform. We connect startups to corporations and invest in over 100 companies every year. Since inception in 2006, our programs have expanded worldwide to include a presence in 10 countries and 20 cities providing necessary resources to succeed in Silicon Valley. With over 6,000 startups and 130 official corporate partners, we have created the ultimate startup ecosystem in many industries. Plug and Play provides active investments with 180 leading Silicon Valley VCs, and more than 365 networking events per year. Companies in our community have raised over $3.5 billion in funding, with successful portfolio exits including Danger, Dropbox, Lending Club, PayPal, SoundHound, and Zoosk.
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SOURCE Plug and Play Tech Center