5
Varo Bank raises $510M Series E at a $2.5B valuation
source link: https://fintechranking.com/2021/09/09/varo-bank-raises-510m-series-e-at-a-2-5b-valuation/
Go to the source link to view the article. You can view the picture content, updated content and better typesetting reading experience. If the link is broken, please click the button below to view the snapshot at that time.
Varo Bank raises $510M Series E at a $2.5B valuation
Varo Bank, which last year became the first U.S. neobank to be granted a national bank charter, announced this morning it has raised a staggering $510 million in a Series E funding round at a $2.5 billion valuation.
The massive “oversubscribed” financing comes nearly seven months after the fintech startup raised $63 million in a round led by NBA star Russell Westbrook, who also joined the startup as an advisor focused on the direction of Varo Bank’s programs aimed at underserved communities, including communities of color.
Read more: TechCrunch
Recommend
About Joyk
Aggregate valuable and interesting links.
Joyk means Joy of geeK