January 12 - 11:01
7D
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.
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