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Walmart To Create Fintech Startup With Ribbit Capital

Published on Jan 12 2021 10:59 AM in Technology tagged: Trending Posts / US / Walmart / Startup / Ribbit Capital

Walmart To Create Fintech Startup With Ribbit Capital

US retail chain Walmart Inc has entered into a strategic partnership with investment firm Ribbit Capital to create a new fintech startup.

The startup, which will be majority owned by the world's biggest retailer, expects growth through tie-ups and acquisitions with other fintech firms, Walmart said in a statement.

Ribbit Capital's current investment portfolio includes mobile investment platform Robinhood and consumer technology platform Credit Karma.

News by Reuters, edited by ESM. Click subscribe to sign up to ESM: European Supermarket Magazine.

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