In this week’s PeerIQ Industry Update they cover the surprising jobs report that sent markets shooting up on Friday with...
Chime CEO Chris Britt said the digital bank has surpassed 4 million customers, up from 1 million at this time...
Low wage workers have always had a difficult set of expensive options when they try to cash their paychecks; bank accounts are costly because they cannot maintain certain balances and check cashing shops are not exactly cheap; WiseWage, a North Carolina based non profit is looking to offer another option; the company has struck partnerships with Regions Bank and Varo Money, among others, to offer a lower cost direct deposit; the prepaid cards have set fees which can be waived if enough is loaded each month; the program is meant as a test to see if they can enlist those who have dropped out of the financial system because of a lack of options. Source.
Now more than ever it is important for fintechs to be on the top of their game when it comes...
Yesterday LendIt Fintech recently hosted a webinar called “How Increased Engagement Will Impact Fintechs and Digital Banks”; panelists included Colin...
American Banker sat down with Varo Money CEO Colin Walsh to talk about where the company stands in their quest...
Varo Money has ramped up their marketing campaign to position themselves as a better option than the banks; the fintech company is not going directly at the banks in their ads as some other fintechs have done, they are instead highlighting their own offering; their ads can be seen on Twitter, Facebook, Instagram and Pinterest; they are also focusing on their customers overall financial lives, empowering their users to understand what they make and how they can spend wisely. Source.
Digital bank Varo Money has made the decision to shut down their consumer lending division; Business Insider reports “With the...
LendIt Fintech continues to connect the fintech community during these challenging times. In partnership with Plaid, our next webinar will...
LendIt Fintech continues to connect the fintech community during these challenging times; In partnership with Plaid, our next webinar will...