Walmart Developing New Fintech Startup With Robinhood Backer
Walmart Developing New Fintech Startup With Robinhood Backer By Eric Volkman 01/12/21 AT 1:16 AM If Walmart's (NYSE:WMT) latest plans are realized, the retailing giant will become a presence in the hot fintech industry, too. The company announced Monday that it has created a start-up company to, in its words, "develop and offer modern, innovative, and affordable financial solutions." Walmart is doing so in collaboration with Ribbit Capital, a venture capital firm that is perhaps best known for backing Robinhood, the popular next-generation online securities brokerage. The new company...
Source: ibtimes.com