Synchrony Partners With Sploot to Make Pet Healthcare More Affordable

In a strategic move, Synchrony Financial SYF recently collaborated with Sploot Veterinary Care to roll out CareCredit, marking the first financing option available at Sploot’s clinics. This partnership offers pet owners in Denver, Chicago and Colorado Springs more flexible payment choices, making it easier to handle expenses for everything from routine checkups to emergency veterinary care.

Synchrony’s CareCredit credit card seamlessly integrates into Sploot’s service model. Sploot customers can easily apply using a custom QR code and link. Clients can check if they prequalify for the credit card without affecting their credit score and receive a decision in just seconds. This instant access to financing allows pet owners to focus on their pets’ care without having to worry about financial hurdles.

The combination of fintech and modern pet care is a crucial step. Pet parents can have a smooth, stress-free experience with Sploot’s tech-enabled, fearless environment and CareCredit’s user-friendly interface. This integration approach could serve as a model for other providers looking to fill care gaps through embedded finance.

This partnership is a timely alignment. The pet industry is on the rise, and as veterinary costs increase due to advancements in diagnostics and specialty services, financing options like CareCredit are becoming not just useful, but essential. With over 27,000 veterinary practices already on board with CareCredit, Sploot’s adoption is a clear sign of a broader shift in the industry toward making pet healthcare more financially accessible.

SYF has been actively expanding its presence in healthcare, retail and digital sectors. With approximately 69.3 million active accounts and collaborations with leading retailers and service providers, the company is positioning itself as a key player in point-of-sale credit and embedded finance solutions. However, its average active accounts decreased 3% year over year in the first quarter of 2025.

SYF Stock Price Performance

Over the past year, Synchrony shares have gained 44.2% compared with the industry’s growth of 11.6%.

SYF’s Zacks Rank & Key Picks

SYF currently carries a Zacks Rank #3 (Hold).

Some better-ranked stocks in the broader Finance space are Pagaya Technologies Ltd. PGY, Heritage Insurance Holdings Inc. HRTG and Acadian Asset Management Inc. AAMI, each sporting a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.

The Zacks Consensus Estimate for Pagaya Technologies’ current-year earnings of $2.45 per share has witnessed two upward revisions in the past 60 days against none in the opposite direction. Pagaya Technologies beat earnings estimates in two of the trailing four quarters and missed twice, with the average surprise being 12.9%. The consensus estimate for current-year revenues is pegged at $1.2 billion, implying 19.9% year-over-year growth.

The Zacks Consensus Estimate for Heritage Insurance’s current-year earnings of $3.25 per share has witnessed two upward revisions in the past 60 days against no movement in the opposite direction. Heritage Insurance beat earnings estimates in each of the trailing four quarters, with the average surprise being 363.2%. The consensus estimate for current-year revenues is pegged at $854.9 million, calling for 4.6% year-over-year growth.

The Zacks Consensus Estimate for Acadian Asset Management’s current-year earnings is pegged at $2.86 per share, implying 3.6% year-over-year growth. In the past 60 days, Acadian Asset Management has witnessed one upward estimate revision against none in the opposite direction. The consensus mark for the current-year revenues is pegged at $526.8 million, indicating 4.2% year-over-year growth.

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