Fintech One, which partners with Everett, Washington-based Coastal Community Bank for banking services, is led by Goldman Sachs veterans Omer Ismail and David Stark. In 2022, One began offering banking services to Walmart’s 1.6 million U.S. employees and some of its customers, and was reported to be working on its own buy now, pay later offering that year.
A spokesperson for Affirm, which does more longer-term, interest-bearing loans than short-term, interest-free installments, declined to comment Tuesday. The Walmart partnership has been an important one for the San Francisco-based BNPL provider, as have ties with other high-profile companies such as Amazon and Shopify. In addition to the self-checkout option, Walmart customers are able to use Affirm’s services when shopping online, in the Walmart app and at the retailer’s vision and auto centers.
