Upstart discloses strategic partnership with Walmart’s OnePay

In a regulatory filing, Upstart Holdings (UPST) disclosed that the company and OneProgress Services, or “OnePay,” a financial technology company that is majority owned by Walmart (WMT), have entered into a one-year strategic partnership. “The partnership is expected to help Upstart market consumer lending products to Walmart’s customer base. As part of the partnership, Upstart and OnePay will collaborate on co-branded offerings, including co-branded direct mail campaigns. Upstart does not expect the partnership to have a material impact on its financial condition or results of operations for the fiscal year ending December 31, 2025,” the company stated.