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Summary
location iconSan Francisco, California
website
company sizeCompany size: 501-1000
total assetsTotal Assets: Up to $2B

Varo is a digital bank and was the first consumer fintech business to become a charted national bank. Varo's goal is to leverage its financial technology platform to offer financial products and services to positively impact inequality in traditional financial services.

Categories
Commercial Banks
Digital Services
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Varo - Recent News & Articles

US Bitcoin reserve during Trump presidency could pump BTC to $1M

A Bitcoin-related bill is gaining support in the United States, signaling a potential boost for the cryptocurrency’s value, which could hit $1 million...

How is private credit weathering its first big rate hiking cycle?

Interest rates are coming down, but only after one of the most brutal monetary tightening periods in modern history. And they’re probably coming down ...

Credit card debt hits record $1.17 trillion, New York Fed research shows

Collectively, Americans now owe a record $1.17 trillion on their credit cards, according to a new report on household debt from the Federal Reserve Ba...

Source: CNBC
Buy now, pay later provider Klarna says it filed confidentially for U.S. IPO

Klarna, which is known for its popular buy now, pay later business, said Wednesday it has confidentially filed IPO documents with the SEC. Analysts re...

Source: CNBC
Cross-Border Payments Could Further Enable APP Fraud, Says Payments Association Study

Authorised Push Payment (APP) fraud continues to be one of the most pressing concerns for financial services, the payment industry, law enforcement an...

‘Defanging the SEC’ may turbocharge US economy: Cathie Wood

ARK Invest founder and CEO Cathie Wood expects that a “changing of the guard” at the United States Securities and Exchange Commission may turbocharge ...

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FTX Sues Anthony Scaramucci to Recover Creditor Funds

FTX has reportedly sued former Trump administration official Anthony Scaramucci to recover creditor funds. The suit was one of several filed by the ba...

Source: PYMNTS
Investment Bank Vacancies Soar While Retail Banks Face Decline Reveals Morgan McKinley

The new research looks at the UK’s banking sector and how it compares to other G8 countries. It notes that as a result of deregulation reforms, stable...

Transak gains Delaware Money Transmitter License and FINTRAC registration

Transak has received its second Money Transmitter License (MTL) from the US state of Delaware, while also gaining registration with the Financial Tran...

Source: Finextra
Fiserv leads $150m funding round for Melio

Melio, an accounts payable and receivable platform for small and medium businesses, has hit a $2 billion valuation in a $150 million strategic funding...

Source: Finextra