Digital Bulletin | Walmart to create new fintech startup

January 12 - 11:01

Walmart to create new fintech startup
Walmart is partnering with investment firm Ribbit Capital to launch a fintech company. The startup will focus on offering "modern, innovative and affordable financial solutions". Ribbit specialises in fintech investments, and has previously backed the likes of Credit Karma and Robinhood. Walmart CEO John Furner says customers have "made it clear" they want more financial services from the company.

> Sources

Business Wire - Walmart Announces Creation of New Fintech Startup

Source Captured: 12/01/2021 11:15:18

Reuters - Walmart to create fintech startup with Ribbit Capital

Source Captured: 12/01/2021 11:15:18

Bloomberg - Walmart Creates Fintech Startup, Speeding Push Beyond Retail

Source Captured: 12/01/2021 11:15:18

Wall Street Journal - Walmart Creates Fintech Partnership With Ribbit Capital

Source Captured: 12/01/2021 11:15:18

> Tweets

Walmart announced a fintech startup with Ribbit Capital, an investor in Robinhood https://t.co/cQdT2Lc2wY
— Bloomberg (@business) January 11, 2021

Walmart to create fintech startup with Ribbit Capital https://t.co/VQMCF5ISjd pic.twitter.com/hVQdWyDr0v
— Reuters (@Reuters) January 12, 2021

Walmart says it will launch a fintech start-up, with Ribbit Capital owning a minority share in the new company (@melissa_repko / CNBC)https://t.co/dqf7RFlmXQ https://t.co/HmwWWJLocE
— Techmeme (@Techmeme) January 11, 2021

.@Walmart to create #fintech start-up with investment firm behind Robinhoodhttps://t.co/jrzpbS9XEr
— Steve Miller (@SteveMillerSF) January 11, 2021