Walmart Inc (WMT): Walmart Collaborates with Ribbit Capital...

Reply Private New

Replies (1) Next 10 Prev Next

Send PM Follow Ignore

Followers	2
Posts	283
Boards Moderated	0
Alias Born	09/08/2010

thumper1

Re: None

Tuesday, 01/12/2021 6:01:24 AM

Tuesday, January 12, 2021 6:01:24 AM

Walmart Collaborates with Ribbit Capital to Create Fintech Start-Up
January 12 2021 - 05:01AM
TipRanks
Alert
Print
Share On Facebook
Retail giant Walmart announced a partnership with investment firm Ribbit Capital to create a new fintech startup. Shares were up 1.3% in Tuesday's pre-market trading. Walmart’s (WMT) fintech startup will develop tech-driven financial solutions tailored to the needs of its customers and employees. The company believes that the fintech collaboration will bring together its retail expertise as well as scale and Ribbit’s fintech know-how. Ribbit has backed platforms like Robinhood, Affirm and Credit Karma. The fintech company, which is not yet named, will be majority-owned by Walmart. The retailer expects the venture to expand through acquisitions and partnerships with leading fintech companies.
https://www.tipranks.com/news/walmart-collaborates-with-ribbit-capital-to-create-fintech-start-up
Walmart (NYSE:WMT)
Historical Stock Chart
From Dec 2020 to Jan 2