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Digital Banking Startup Varo Money Raises $45mn
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Digital Banking Startup Varo Money Raises $45mn

Digital Banking Startup Varo Money Raises $45mn

Todd Anderson·
FintechNews RoundupUSA
·Jan. 19, 2018·1 min read

Mission based digital banking startup Varo Money secured their second significant round of the last two years by raising $45mn; investors in the round include The Rise Fund, led by U2 ‘s lead singer Bono, and Warburg Pincus who also helped to lead their first round; Varo applied for a national bank charter in July and plans to use the money for hiring, product development and marketing. Source.

  • Todd Anderson
    Todd Anderson

    Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.

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digital bankingThe Rise FundVaro MoneyWarburg Pincus
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