Varo Bank has introduced two new products aimed at helping Americans alleviate their financial pressures. The online bank on Tuesday (March 26) announced the launch of Varo Line of Credit, along with the company’s new Smart Bank Account tools, coming at a time when consumers are finding it...
A staggering $84 trillion is the amount of cash and assets that Generation X, millennials and Gen Z consumers are set to inherit from older generations over the next two decades. This “great wealth transfer,” as it’s been dubbed, not only signifies a significant economic...
In the FinTech funding world, Varo Money stole the spotlight this week with a $241 million funding raise. The Series D round, led by Gallatin Point Capital and The Rise Fund, will enable the company to make further progress as it targets becoming a regulated...
Mobile banking FinTech Varo Money has raised $45 million in Series B funding as it strives to become a mobile-only regulated bank. According to American Banker, the funding will be used by Varo to expand its talent pool, continue developing its product, boost marketing and...
February 16, 2025
Neobank Varo is undergoing a change in leadership. Colin Walsh, who founded the company, has departed from his role as chief executive, according to a report Sunday (Feb. 16) from FinTech Business Weekly (FBW). Walsh, who will remain on Varo’s board, will be succeeded by Gavin Michael, former CEO of cryptocurrency exchange Bakkt. Michael announced […]
March 26, 2024
Varo Bank has introduced two new products aimed at helping Americans alleviate their financial pressures. The online bank on Tuesday (March 26) announced the launch of Varo Line of Credit, along with the...
January 19, 2018
Mobile banking FinTech Varo Money has raised $45 million in Series B funding as it strives to become a mobile-only regulated bank. According to American Banker, the funding will be...
July 25, 2017
Varo Money, the digital banking fintech that has investment backing from Warburg Pincus, filed for a national banking charter and deposit insurance, putting the Trump administration’s policy to extend bank...
