Walmart’s Hazel is set to acquire fintech platforms Even and ONE for an undisclosed sum. The combined business will begin operating under the name ONE in the first half of 2022. The acquisitions and rebrand signals Walmart’s interest in banking through offering tech-driven financial services. It is anticipated that ONE will be capitalized with more than $250 million in cash on the balance sheet.
Walmart-Backed Fintech to Buy Two Companies, Rebrand as ONE