San Francisco based neobank raised $63m in new funding led by NBA star Russell Westbrook’s Russell Westbrook Enterprises.
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Varo Bank raises $63m in new funding
“The banking system has ignored or underserved a large portion of the American population — particularly communities of color. I’m passionate about making lasting social change and creating a stronger and more inclusive system,” said Mr. Westbrook, in a statement about his investment. “I am excited and ready to work with Varo to be a part of an economic revitalization for those who never had the access they deserved,” he added.
