Varo Gets $27M From Warburg Pincus
San Francisco-based Varo, a startup developing a new, mobile-only banking services, has scored $27M from Warburg Pincus, the company said this morning. Varo said it will offer up debit card, deposit and lending products via a mobile app, coupled with financial coaching software which analyzes spending and budgeting. The new company is led by Colin Walsh, who previously CEO of the United Kingdom operations of American Express.
posted on Monday, May 2, 2016 (Link to more information)
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