Mobile banking app developer One and earned wage access service Even will form a new company with the Walmart subsidiary featuring Qualcomm, Progressive and PayPal as shareholders.
Even, US-based personal finance app developer backed by corporates PayPal and Qualcomm, agreed on Wednesday to merge with One, a Progressive-backed mobile banking service, and financial technology provider Hazel.
Founded in 2014, Even has built an online platform which allows employees to quickly access their salaries instead of waiting the full month to be paid.
US-headquartered One combines a debit card with online checking and savings accounts as well as a financial education service, while Hazel was formed by big-box…
