San Francisco based licensed challenger bank raised $241m in Series D funding co-led by Gallatin Point Capital and The Rise Fund.
“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.”
https://siliconangle.com/2020/06/03/mobile-banking-startup-varo-money-raises-230m-assist-growth/