Mobile banking startup Varo Money raises $241m

“Trends we did not expect to see for 10 years are happening now,” Colin Walsh, co-founder and chief executive officer of Varo, said in a statement. “More than ever, consumers are seeking the safety and convenience that digital banking provides. Since our inception, we have been laser-focused on becoming the first fully digital bank, giving us greater opportunity to deliver the affordable financial services that all Americans need today.”

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