Walmart-Backed ‘Super App’ OnePay Hits $4 Billion Valuation

OnePay, the Walmart Inc.-backed fintech firm behind the “super app” that the world’s largest retailer is incorporating for customers, recently bought back shares from employees at a price that values the closely-held company at more than $4 billion, according to a person with knowledge of the matter.

That’s an increase from the $2.5 billion valuation it secured in 2024 after a $300 million investment round, which was led by Walmart and the investment firm Ribbit Capital, Bloomberg reported at the time. The New York-based company, formally known as One Finance Inc., declined to comment on the latest valuation.