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Varo Money announced a $45M Series B financing round, publicly disclosed on January 18, 2018. The mobile banking fintech had applied for a national bank charter from the OCC and FDIC in July 2017, aim...

Varo Money raised $241 million in a Series D funding round on June 3, 2020, as it moved closer to becoming the first fully digital national bank in the US. The company had received preliminary approva...

Varo Money received conditional approval from the Office of the Comptroller of the Currency (OCC) for a national bank charter, making it one of the first mobile-only fintechs to reach this milestone. ...

Varo Money received full approval from the OCC, FDIC, and Federal Reserve on July 31, 2020, becoming the first consumer fintech in U.S. history to obtain a national bank charter. This allowed Varo to ...

Varo Money received preliminary approval for a national bank charter, becoming one of the first US consumer fintech startups to pursue a full banking license. The company had raised $79 million in fun...

Varo Money received FDIC deposit insurance approval on February 12, 2020, advancing toward becoming a nationally chartered digital bank. Built on Temenos T24 cloud core, Varo offers features like earl...

Varo Bank, a US digital banking platform with its own bank charter, raised $123.9M in a growth round. The funding supports continued development of its consumer digital banking services. Varo is one o...

Varo Bank, the first consumer fintech to receive a national bank charter in the US, raised $510 million in Series E funding at a $2.5 billion valuation. The round was led by Lone Pine Capital with par...

Varo Bank integrated with Upside to offer personalized cash-back rewards on fuel, groceries, and dining for debit card users. The partnership embeds Upside's merchant-funded offers directly into the V...