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Varo Money raises $241m funding for national bank ambitions

On Jun 3, 2020
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Varo Money raises $241m funding for national bank ambitions https://t.co/6azj0681UR by @FintechDirect
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♫ 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 looking for with a $241 million Series D funding round. Colin Walsh, Founder and CEO of Varo, ...

www.fintechdirect.net
On Jun 3, 2020
@FintechBot shared
Varo Money raises $241m funding for national bank ambitions https://t.co/6azj0681UR by @FintechDirect
Open

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 raises $241m

Varo Money raises $241m

As it closes in on a national bank charter, San Francisco-based mobile banking startup Varo Money has raised $241 million in a Series D funding round.

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.

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 $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.

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. 

Fintech has finally cracked the US banking sector

Fintech has finally cracked the US banking sector

Fintech is overhyped, but it's also keeping centuries-old banks on their toes.

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’s bank charter process a test for consumer banking startups

Varo’s bank charter process a test for consumer banking startups

This week, digital banking startup Varo received approval from the Federal Deposit Insurance Corporation, a significant milestone in the company's three-year

Iran: Still Waiting for the Blockchain Revolution

Iran: Still Waiting for the Blockchain Revolution

From Jan. 29 to 30, Tehran hosted the eighth annual conference on Electronic Banking and Payment Systems, which was promoted by the Monetary and Banking Research Institution, the research ...

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 Granted Preliminary Approval for National Bank Charter

Varo Money Granted Preliminary Approval for National Bank Charter

The organizers of Varo Bank, N.A. today announced they have been granted preliminary approval by the Office of the Comptroller of the Currency (OCC) o

Comparing Apple and oranges: How the Apple Card will disrupt banking – and how traditional banks can compete

Comparing Apple and oranges: How the Apple Card will disrupt banking – and how traditional banks can compete

On March 25 Apple announced a dedicated credit card, the Apple Card, set to arrive in summer 2019. Mehmet Sezgin, CEO and Founder of myGini, argues Apple’s announcement is a wake-up call ...

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.

Chatter: Digital Bank Varo Said to be Shutting Down Personal Loan Division as it Focuses on Becoming First US Fintech Bank [u]

Chatter: Digital Bank Varo Said to be Shutting Down Personal Loan Division as it Focuses on Becoming First US Fintech Bank [u]

Varo Money, one of a handful of US-based digital challenger banks seeking to receive a bank charter from the Office of Comptroller of the Currency (OCC), is shutting down its consumer ...