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Varo Money Raises $241 Million As It Moves Closer To Becoming A National Digital Bank

On Jun 3, 2020
@JimMarous shared
RT @psb_dc: Varo Money Raises $241 Million As It Moves Closer To Becoming A National Digital Bank #DigitalBanking #fintech #startup #funding cc @leimer @RAlexJimenez @stessacohen @MaryMWisniewski https://t.co/9pLqX6e5Tz via @Forbes @donnabail https://t.co/Y98ZgBrzHp
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Despite the COVID-19 pandemic, Varo Money was able to raise $241 million in venture funding, bringing on new investors along the way.

www.forbes.com
On Jun 3, 2020
@JimMarous shared
RT @psb_dc: Varo Money Raises $241 Million As It Moves Closer To Becoming A National Digital Bank #DigitalBanking #fintech #startup #funding cc @leimer @RAlexJimenez @stessacohen @MaryMWisniewski https://t.co/9pLqX6e5Tz via @Forbes @donnabail https://t.co/Y98ZgBrzHp
Open

Varo Money Raises $241 Million As It Moves Closer To Becoming A National Digital Bank

Varo Money Raises $241 Million As It Moves Closer To Becoming A National Digital Bank

Despite the COVID-19 pandemic, Varo Money was able to raise $241 million in venture funding, bringing on new investors along the way.

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 Launching First True Mobile-Only National Bank

Varo Money Launching First True Mobile-Only National Bank

With a full banking charter, the challenger bank could be a formidable competitor for traditional banks and credit unions and other fintechs.

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 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.

Robinhood's Misstep A Cautionary Tale For Other Fintechs

Robinhood's Misstep A Cautionary Tale For Other Fintechs

Robinhood's misstep in launching two new products underscores the risks fintechs face when they try to disrupt old-guard industries that are heavily regulated.

"Globalist Warning Signs Are There" - BIS Boss Outlines Central Bank Digital Currencies Vision

"Globalist Warning Signs Are There" - BIS Boss Outlines Central Bank Digital Currencies Vision

With CBDC’s, you would be locked in... the loss of anonymity and exposure to negative rates would mean servitude to the banking system. Short of transferring assets into precious metals, it ...

Varo crosses 1 million customers, with plans to become a bank by 2020

Varo crosses 1 million customers, with plans to become a bank by 2020

Digital banking brand Varo has 1 million customers, and is pushing ahead with plans to become a nationally-chartered bank early next year, CEO Colin Walsh told

Varo Money signs with Temenos as bank build out begins

Varo Money signs with Temenos as bank build out begins

Having recently won preliminary approval for a national bank charter, San Francisco-based fintech startup Varo Money is beginning to disengage ties with banking partner The Bancorp, ...

Spike in fintech M&A shows industry is maturing

Spike in fintech M&A shows industry is maturing

Fintechs are growing, accumulating users and establishing themselves in the financial services space. And it’s attracting attention. 

Varo gets long-awaited FDIC nod of approval

Varo gets long-awaited FDIC nod of approval

Digital banks have dreamed of this day since Bank Simple first launched in 2012.

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.

INTERVIEW: YES Bk MD looks to rebuild trust amid COVID-19 headwinds

INTERVIEW: YES Bk MD looks to rebuild trust amid COVID-19 headwinds

INTERVIEW: YES Bk MD looks to rebuild trust amid COVID-19 headwinds

Varo Money Likely to Become First All-Mobile US Bank

Varo Money Likely to Become First All-Mobile US Bank

Varo Money announced on Tuesday that it was granted preliminary approval by the Office of the Comptroller of the Currency (OCC) for its application to form a de novo (new) national bank, ...