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Instead of trying to go around the incumbents, Dom's partnership with one of them was the unlikely secret to getting breakthrough fintech products into market.

The Business of Tech
1mo ago

90% of the US lives within 10 miles of Walmart. this incredibly large ecosystem and the idea of creating an independent company that is outside the four walls of Walmart backed by Walmart and backed by Rivet Capital to be able to acquire customers into a openloop financial services platform that can help customers manage their money holistically.

1mo ago

You have a $50 billion company printing 5.5 billion in free cash flow. You can use a lot to finance debt, obviously, which is what's proposed here. Uh 400 million uh consumer accounts. So, lots of consumers have PayPal accounts, have Venmo accounts. Maybe they're not fully active, but they're ready to be engaged. It's a huge footprint and huge distribution mechanism. Uh, and they have bank info attached. That's difficult. You can't get that from many other consumer applications.

2mo ago

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