Varo files FDIC application, announces $100m Series C funding

Varo filed its FDIC application on Monday.

Varo Money, the 4-year-old digital banking startup with 750,000 users and $600 million in deposits, has applied for a banking license with the Federal Deposit Insurance Corporation (FDIC) this week. The company confirmed this development as part of a $100 million Series C fundraising round announced on Tuesday. This is Varo’s second application for an …Read More

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