The New Paper

January 12, 2021

Walmart announces fintech startup

Walmart announced plans to launch a financial technology startup in partnership with Ribbit Capital. While additional details on the company have not been released, Walmart noted that it will aim to provide “tech-driven financial experiences tailored to Walmart’s customers and associates.” The announcement comes amid intense competition in the online financial services industry (including SoFi’s recently-announced SPAC merger).
This story is from the January 12, 2021 edition of The New Paper – a clear, concise daily briefing that makes fact-first news easy to consume. Try it today.