San Francisco, CA – According to filings with the U.S. Securities and Exchange Commission, Varo Money is raising $520,000,000.00 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 is an entirely new kind of bank. All digital, mission driven, FDIC insured and designed for the way our customers live their lives. Were working toward our mission with a team that uniquely and strategically combines banking veterans with technology experts. The banking experts provide decades of industry experience, and the tech experts can build a mobile app that offers everyone access to premium banking, including quicker access to your money, high-yield savings, and automatic saving tools. Varo has raised over $992.4m to date, from leading institutional investors and strategic partners including Warburg Pincus, The Rise Fund, Gallatin Point Capital, Harbourvest Partners, Progressive Insurance, Russell Westbrook Enterprises, and Lone Pine Capital. Varo. Varo. A bank for all of us.

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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