An innovative financial technology company that Walmart created and backedIt announced Wednesday that it has acquired two additional companies in its quest to create an app for consumers where they can manage all aspects of their finances.

The new company will be named ONE after the firm that the fintech startup is acquiring. Even, a fintech company is being acquired by the group. The financial terms of the acquisition were not disclosed.

Walmart declared one year earlier it was teaming up with Ribbit Capital,Robinhood is one of the largest investment companies in America, and will launch a fintech startup on its own. Walmart is the largest retailer in the United States and the largest employer of private workers.

Walmart owns the majority of the start up, which had previously been known as Hazel. The board is made up several high-ranking executives such as Chief Financial Officer Brett Biggs, Walmart U.S. CEO John Furner, and many others.

It was announced just a few months ago. hired two Goldman Sachs bankers to help spearhead the effortOmer Ismail who was responsible for Goldman’s consumer bank, is among them. According to a news release on Wednesday, Ismail will be leading ONE.

Walmart and Ribbit capital stated that the combined company will employ more than 200 people and have $250 million of cash to support growth. It expects that the transactions will close by the end of the first half 2022, according to the start up.

Acquisitions first reported by The Wall Street Journal.