Walmart-Backed Financial Technology Startup To Expand

Walmart-Backed Financial Technology Startup To Expand

The fintech startup backed by the world’s second-largest retailer Walmart plans to purchase two firms and bring operations under one brand name: One. The new entity will build a financial services super app—a single place for consumers to manage their money. Walmart’s Sam’s Club is a DCA member.

DCA Insight:

Look for One to become the financial services one-stop-shop for a significant share of Walmart and Sam’s Clubs’ 100 million US shoppers. The value proposition is appealing to consumers across the socioeconomic spectrum, including those currently underserved by banks, lenders, and related services providers.