San Francisco, CA – According to filings with the U.S. Securities and Exchange Commission, Varo Money is raising $280,000,000.00 in new funding. Sources indicate as part of senior management Chief Executive Officer, Colin Walsh played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.

About Varo Money

Varo’s mission is to redefine banking so it’s easy for everyone to make smart choices with their money. And we’re on our way. In July 2018, the Office of the Comptroller of the Currency (OCC) granted Varo preliminary approval for a national bank charter, keeping us on track to become the first mobile-only national bank in U.S. history. To date, Varo has raised a total of $419.4 million and is poised to become the first and only fully digital bank to receive a national charter.

To learn more about Varo Money, visit http://www.varomoney.com/

Contact:
Colin Walsh, Chief Executive Officer
415-513-5240
colin@varomoney.com
https://www.linkedin.com/in/colindwalsh/

SOURCE: http://www.intelligence360.io
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