Walmart launches new fintech startup with Ribbit Capital

Walmart launches new fintech startup with Ribbit Capital
Walmart launches new fintech startup with Ribbit Capital

Walmart, the world’s largest retailer, announced on Monday that it is launching a financial technology (fintech) startup in partnership with Palo Alto, California based venture capital firm Ribbit Capital, a backer of Robinhood, Credit Karma and Affirm. The new fintech company, which will be majority-owned by Walmart, aims to “develop and offer modern, innovative and affordable financial solutions” targeting Walmart’s customers and employees. Yahoo Finance’s Jared Blikre discuses.

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