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Walmart to launch fintech startup

Walmart to launch fintech startup

BENTONVILLE, Ark. — Walmart is launching a fintech startup to develop financial service products designed specifically for its customers and associates. Walmart is partnering with Ribbit Capital, the company behind the Robinhood no-fee mobile investment app, on the new venture. Ribbit, which was founded in 2012, sees disrupting financial services as central to its mission.