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Varo Money Locks in $241 Million in Series D Investment

On Jun 3, 2020
@Finovate shared
[email protected] Locks in $241 Million in Series D Investment. https://t.co/XpQxOSfzSO
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In a round led by Gallatin Point Capital and The Rise Fund, mobile banking startup Varo Money has secured $241 million in new funding. The investment in the San Francisco, California-based fintech, which featured participation from HarbourVest and Progressive Insurance, takes Varo’s total ...

finovate.com
On Jun 3, 2020
@Finovate shared
[email protected] Locks in $241 Million in Series D Investment. https://t.co/XpQxOSfzSO
Open

Varo Money Locks in $241 Million in Series D Investment

Varo Money Locks in $241 Million in Series D Investment

In a round led by Gallatin Point Capital and The Rise Fund, mobile banking startup Varo Money has secured $241 million in new funding. The investment in the San Francisco, California-based ...

Varo Money raises $241m funding for national bank ambitions

Varo Money raises $241m funding for national bank ambitions

♫ I have climbed the highest mountains, I have run through the fields, only to be with you, only to be with you ♫ In this instance, US mobile banking company Varo Money has found what it’s ...

Varo Money gets new backers and closer to bank charter

Varo Money gets new backers and closer to bank charter

The mobile bank raised $241 million in its Series D round of funding, and expects to receive approval from regulators to become a nationally chartered bank this summer.

Think carefully before locking your money away in a CD

Think carefully before locking your money away in a CD

While CDs may offer better interest rates than some high-yield savings accounts, they lock away your money until a specific future date.

It's Time To Improve Banking Access For Americans

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The "Unbanked" face major challenges that are being exacerbated by the current pandemic. Here's what needs to be done.

8 Challenger Banks Traditional Institutions Should Worry About

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These digital-first players are aggressive, CX-obsessed upstarts looking to tear up the banking industry and disrupt financial services forever.

Varo Money gains historic regulatory approval from FDIC

Varo Money gains historic regulatory approval from FDIC

San Francisco-based Varo Money Inc. has gained final approval from the Federal Deposit Insurance Corp.

How to easily find a savings account that will earn you more money

How to easily find a savings account that will earn you more money

Author Gina Ciliberto describes how finding a savings account with a better interest rate can be just a quick search away.

Digital banking: Top incumbent-owned banks

Digital banking: Top incumbent-owned banks

To enable quick digital transformation and at scale, many incumbent banks start either by building or acquiring a new bank (incumbent-owned banks).

Exclusive: Behind the LendingClub acquisition of Radius Bank with Steve Allocca and Mike Butler

Exclusive: Behind the LendingClub acquisition of Radius Bank with Steve Allocca and Mike Butler

New banks Last week, LendingClub announced it would acquire Radius Bank, a leading digital bank. The acquisition Steve Allocca: Last week, LendingClub announced the acquisition of Radius ...

Banking startup Level enters the high-yield savings race

Banking startup Level enters the high-yield savings race

Level, a digital banking startup based in San Francisco Calif., is trying to hook customers with a 2.1% savings account annual percentage yield. The company,