Walmart supported Fintech startup to acquire two firms

The financial-technology startup has announced that it is planning to acquire two small firms and launch the name of the startup as well. America’s retail giant Walmart has shown faith in the startup and has invested in it as well. The fintech startup currently is being led by two former employees of Goldman Sachs Group Inc. The firm aims to acquire Even Responsible Finance Inc. and One finance Inc. Even Responsible finance offers paychecks to workers while One finance provides banking-related services at a nominal rate compared to traditional banks via mobile apps. The firm has also decided to name itself “ONE” with one objective in mind, to develop a ‘financial services super app’ to cater to the financial requirements of the users. It plans to offer a one-stop solution to a wide range of people from different walks of life for their finance-related activities.