Walmart to Create New Fintech Startup With Ribbit Capital

Walmart unveiled the creation of its own fintech startup created for the development and offering of financial solutions, as the retail company continues to expand beyond its main market. The retail company is in a strategic partnership with Ribbit Capital, one of the investment firms behind Robinhood , seeking to unify its business with its expertise in fintechs, with the purpose of providing financial practices inspired by technology and adapted to consumers of Walmart.
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