Walmart‘s fintech startup, One, has achieved a $2.5 billion valuation after receiving a $300 million funding round with co-investor Ribbit Capital, signaling Walmart’s deeper foray into financial services. The company, which offers products like installment loans, early wage access, debit cards, and payment services, targets Walmart’s vast customer base and employees, processing over $15 billion in payment flow and generating a run-rate revenue exceeding $200 million. While One is growing, its current scale still lags behind established fintech players like Revolut, Chime, and Robinhood, prompting these neobanking entities to remain watchful of Walmart’s expanding financial ambitions.
Walmart’s Fintech Races to $2.5 Billion Value in Omen for Banks
