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Varo

Challenger bank ipo
Banking
·Oct. 28, 2021

Nubank, Chime, and the push for challenger bank IPOs

Many of these firms have aimed to go public in the vague "end of 2021/ early 2022/ when we have enough money" time frame while participating in increasingly rare-letter funding rounds.

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FintechUSA
·Aug. 5, 2020

Now That Varo Has a Banking License, What Comes Next?

Varo broke new ground as the first major fintech company to obtain a full banking license; now that they have...
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FintechUSA
·Jul. 10, 2020

SoFi Applies for a National Bank Charter

Leading fintech platform, SoFi, has applied for a national bank charter with the OCC; unlike back in 2017 when they...
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Embedded Financeneobankpaytech
·Jun. 12, 2020

Varo’s $240M and Marqeta’s $150M Rounds, Should Digital Banks Lend? and Fintech Gets Meta

Today, we talk through a few recent events that are indicative of what’s important in fintech right now.

Varo raised $241 million in preparation to start operating under its own banking license later this year. Is a banking license an asset or a liability if you’re a digital bank?

Marqeta is reportedly now valued at $4.3 billion, as banking-as-a-service continues its mature.

And LA-based fintech Stackin’ raised $13 million to scale its messaging-based offering designed to help Gen Z find the right fintech. What should we make of this?

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EuropeFintechNews Roundup
·May. 6, 2020

European Digital Banks Struggle to Gain Market Share in US

New research from Apptopia shows that the leading digital banks in Europe are off to a slow start in the...
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News Roundup
·Dec. 30, 2020

The Top Ten Biggest Fintech News Stories of 2020

As the sun sets on 2020 and we look back at this past year nearly everything is viewed through the...
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big techChinadigital lendingdigital transformationpaytech
·Jul. 31, 2020

Growth of brand banking, tragedy of OnDeck vs. Kabbage, and the Indian Fintech war between WhatsApp and WeChat

The fintech world is not taking the summer off. New developments are coming fast and furious, from fundraisings to product launches to government intervention.

Banking for brands startup Bond raised $32 million to capitalize on the exploding trend of B2B2C banking.

Samsung Money launched, leveraging SoFi’s infrastructure. As SoFi again seeks a national banking charter, they could become the de facto leader in this space.

Kabbage and Intuit launched small business bank accounts as extensions of their already deep relationships with SMBs.

And WhatsApp is trialing all sorts of financial services in India just as Chinese fintech super apps are being banned from the country.

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News Roundup
·Jul. 9, 2020

SoFi Applies for a National Bank Charter

SoFi has become the latest fintech to apply for a full national bank charter. They filed a de novo bank...
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FintechUSA
·Jun. 3, 2020

Digital Bank Varo Closes $241m Series D

Varo is inching closer to becoming a fully regulated digital bank; they have closed a new funding round, a $241...
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FintechNews RoundupUSA
·Mar. 9, 2020

What is the outlook for a new challenger bank entering the market?

Level is a challenger bank which just launched in February 2020; the bank offers a deposit account through their app...
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