Street Cred Capital Selects Synchronoss to Offer Personal Cloud as Part of its Mobile Device Financing Program
August 09 2022 - 4:03PM
Synchronoss Technologies, Inc. (“Synchronoss” or the “Company”)
(Nasdaq: SNCR), a global leader and innovator in cloud, messaging,
and digital products and platforms, today announced that Street
Cred Capital has signed a Letter of Intent to become a distributor
of the Company’s value-added Personal Cloud solution. Synchronoss’
Personal Cloud product provides a turn-key solution for
companies seeking to integrate or bundle personal cloud as a
value-added service.
Serving leading North American carriers, MVNOs and retailers,
Street Cred Capital offers six lending product options for
financing new devices and value-added solutions. Integrated into
the online and point-of-sale shopping experience, as well as the
credit application flow, Street Cred Capital makes it extremely
easy and affordable to purchase products and complementary
services, significantly improving sales performance and increasing
revenue.
The Synchronoss solution enables Street Cred Capital to offer a
Personal Cloud bundle at a discounted rate as part of every
financed purchase. This unique offer allows subscribers to backup,
sync, and organize a broad range of digital files between devices
and the cloud. Subscribers can finance cloud over 12, 18, and
24-month plans, and the value of each subscription will range from
$50 to $400, depending on the type of plan selected.
Through its mobile sales channel ecosystem, Street Cred Capital
offers funding solutions to address nearly 32 million customers.
Personal Cloud is ideal for mobile carriers and MVNOs, internet
service providers, security monitoring companies as well as
insurance, financial services, and lenders to offer new,
revenue-generating solutions and value-added bundles.
“We have successfully expanded our Synchronoss Cloud solutions
to serve the needs of global service providers, insurance
companies, and retailers, and Street Cred would represent an
exciting new market opportunity for our personal cloud platform,”
said Jeff Miller, President and CEO of Synchronoss.
“Leveraging our vast mobile industry experience, we’re focused
on curating best-in-class products and services to enhance our
financing program and provide additional value to the customers we
serve,” said Clint Fayling, CEO of Street Cred Capital. “Personal
Cloud offers a complementary, value-added service that can be
easily bundled with any Street Cred financing offer to increase
average order value and customer lifetime value for our carrier,
MVNO, and retail partners. We look forward to working with
Synchronoss to deliver Personal Cloud solutions.”
About Street Cred Capital Street Cred Capital
delivers the best-in-class lending solutions tailored for the
mobile industry — and its customers. A Colorado-based fintech
leader, Street Cred provides fast and affordable lending tools that
empower mobile device carriers and retailers to grow their
businesses. In delivering a configurable portfolio of lending
products and services that connect consumers to industry-leading
lenders, Street Cred provides a streamlined customer qualification
experience, the highest approval rates, and the most competitive
customer rates in the marketplace. Learn more at
www.streetcredcapital.com.
About SynchronossSynchronoss Technologies
(Nasdaq: SNCR) builds software that empowers companies around the
world to connect with their subscribers in trusted and meaningful
ways. The company’s collection of products helps streamline
networks, simplify onboarding, and engage subscribers to unleash
new revenue streams, reduce costs and increase speed to market.
Hundreds of millions of subscribers trust Synchronoss products to
stay in sync with the people, services, and content they love.
Learn more at www.synchronoss.com.
Media Relations Contact:Domenick
CileaSpringboarddcilea@springboardpr.com
Investor Relations Contact:Matt Glover / Tom
ColtonGateway Group, Inc.SNCR@gatewayir.com
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