trending Market Intelligence /marketintelligence/en/news-insights/trending/01lRRrk7jA8_gEXwFrikeQ2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Warburg Pincus leads investment round for San Francisco-based startup

Banking Essentials Newsletter - November Edition

Online Brokerage Space Should Remain Rich Source Of M&A

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery


Warburg Pincus leads investment round for San Francisco-based startup

Varo Money, a San Francisco-based startup, raised more than$27 million in an investment round led by Warburg Pincus LLC, TheWall Street Journal reported May 1.

Varo Money is developing a mobile banking app offeringdeposit accounts related to budgeting tools and other digital financialservices. The company is seeking to partner with a bank to provideaccounts for which its software will provide access. Eventually, it plans toseek its own bank charter, according to the report.

Varo Money was co-founded by Colin Walsh in October 2015.Walsh has previously worked with American Express Co. and ,the Journal reported.

Varo Money is being advised by banking experts, includingDavid Coulter, a special limited partner at Warburg Pincus and formerBankAmerica Corp. CEO,who is a member of Varo Money's board, the news outlet noted.