Walmart: partnership with Goldman Sachs

(CercleFinance.com) - Walmart announced on Tuesday the signing of a partnership with Goldman Sachs to offer financing solutions to third-party sellers of its marketplace.


Under the agreement, authorized sellers of its e-commerce platform will be able to access credit lines offered by Marcus, Goldman Sachs' online bank, amounting to 10,000-75,000 dollars, at interest rates presented as "competitive".

Walmart says it plans to increase the financing capacity available to its sellers over time.

By launching this initiative, the retail giant says it wants to let its sales partners expand their business, while its market place has posted "triple-digit" growth over the past quarter.

Even so, this seems to be no big deal in early trading on Wall Street, with the Walmart share pretty flat.


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