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Walmart partners with investment firm behind Robinhood

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Walmart entered a partnership with Ribbit Capital, a venture capital firm behind investment platform Robinhood.

The companies are planning to develop a new fintech startup that would offer "modern, innovative and affordable financial solutions" to the retailer's employees and customers.

“We’re thrilled to work with Ribbit Capital in a new venture to help us deliver innovative and needed options to our customers and associates – with speed and at scale," Walmart CEO John Furner said.

Read more from Fox Business.

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