Walmart to create fintech startup with Ribbit Capital
U.S. retail chain Walmart Inc said it entered 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.
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.
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