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Digital Bank Varo Raises $510 Million At $2.5 Billion Valuation

Varo has raised $992 million in funding to date and competes closely with other digital banks like Chime in the crowded neobank industry.

More from Fintech

8 hours ago

IRS Audits: 3 Years, 6 Years Or Forever, Which Applies To You?

It pays to know how many years are at risk, and there are steps you can take to hedge. The IRS usually has three years to audit you, but there are many exceptions that give the IRS six years or longer. The three years is doubled to six if you omitted more than 25% of your income.
Nov 30, 2021

Account-to-Account Payments

If we are approaching peak credit card and if the rise of A2A means more transactions flowing over the new rails, then “cardmageddon” may be closer than we think.
Nov 21, 2021

Cities And Currencies

The advent of cryptocurrency is making us rethink the relationship between money and the nation state (which is, to be honest, a pretty recent arrangement in human affairs). Perhaps cities should be a nexus for money just as they are a nexus for creativity in all other walks of life.