One Finance, Inc.

Based in the US, One Finance, Inc. provides online financial technology solutions focused on improving banking experiences through innovative products such as early pay access, high-yield savings accounts, and digital wallet services. One Finance, Inc. was founded in 2019 in Los Angeles, US.

The company specializes in offering financial services primarily through its OnePay platform, which has seen a successful introduction of various banking solutions. The firm has secured USD 300 mn in funding, co-led by Ribbit Capital and Walmart Inc. , as part of its ongoing growth strategy. It was founded by a diverse group of individuals including Aman C, Eduardo Valades, and others.

The company's funding history includes a total of 4 deals, with the most recent funding round taking place on December 12, 2024, raising USD 300 mn, bringing the total amount raised to USD 300 mn and the current company valuation to USD 2,500 mn. OnePay offers a suite of financial technology products designed to enhance banking experiences for users, primarily focusing on early pay, high-yield savings accounts, and digital wallet capabilities. The core offerings include the OnePay Cash account, which facilitates early access to earned wages, allowing users to earn high interest on their savings. The OnePay Wallet provides rewards for transactions made at Walmart, benefiting frequent shoppers.

Additionally, the Credit Builder program assists individuals in establishing or improving their credit history for a nominal fee of USD 1 per month. End-users primarily include working-class consumers across the United States who rely on direct deposits for financial transactions. OnePay generates revenue through transaction fees, subscription models, and partnerships with financial institutions. Users engage with OnePay's services via the OnePay Cash account and Wallet, earning OnePay Points redeemable for cashback rewards.

The Credit Builder program charges users a monthly fee, contributing directly to the company's revenue stream. Collaborations with Coastal Community Bank and Lead Bank enable OnePay to provide FDIC-insured banking services, enhancing its value proposition to clients. This diverse revenue generation strategy underscores OnePay's positioning in the financial technology sector, catering to individuals seeking accessible banking and credit-building solutions. In December 2024, One Finance, Inc.

raised USD 300 mn in venture funding to enhance its services for Walmart's large customer base of hundreds of millions and its 1. 6 million employees. The company aims to expand its offerings and reach into new geographic regions, leveraging the recent funding to develop and launch new products. Plans include targeting the integration of financial services within the Walmart ecosystem, thus broadening access to its financial technology solutions among a wider audience.