Walmart-owned fintech startup buys two more fintech firms to develop a joint firm called ONE
GroceryGeniuses
January 27, 2022
Hazel, a Walmart-backed financial technology firm, acquires two more fintech firms, One and Even, to form a new all-in-one platform called One. The acquisition platform will let customers spend, save, borrow and manage their money digitally on one platform. The financial terms of the acquisition deal were kept confidential. As per reports, Walmart hired two Goldman Sachs bankers, including Omer Ismail, to manage the business. The startup already has access to Walmart’s 1.6 million U.S. employees and about 100 million weekly shoppers as its customer base. To read more, visit CNBC
