Varo Bank raises $510M in funding

Varo Bank, the first fintech to secure a national bank charter, today announced a $510 million oversubscribed funding round, a new raise that more than doubles the company’s previous funding, bringing total funding for the San Francisco, Calif.-based mobile bank to $992.4 million. The bank’s total valuation now stands at $2.5 billion, Alex Woie, head […]

Source: https://bankautomationnews.com/allposts/retail/varo-bank-raises-510m-in-funding/