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 Source: vcnewsdaily.com

Varo Money Closes $241M in Series D

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Varo Money Closes $241M in Series D Back to HomeSAN FRANCISCO, CA, Varo Money has closed a $241M Series D round, co-led by new investor Gallatin Point Capital and existing investor The Rise Fund. "As the first fully digital national bank, Varo will bring our mission of financial inclusion to life and create more financially resilient - and thus healthier and stronger - communities. Varo is in the final stages of its national bank charter application and pending completion of the conditions of the OCC, the FDIC and the Federal Reserve, Varo will receive approval to be a national bank which is expected in summer 2020. About VaroVaro Money, Inc. ("Varo") is on a mission to help people make progress with their financial lives. Varo Personal Loans are offered by Varo Money, Inc., under state licenses, subject to application approval.

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