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Varo Bank raises massive $510M Series E at a $2.5B valuation as it eyes the public markets

September 9, 2021

Varo Bank, which last year became the first U.S. neobank to be granted a national bank charter, announced this morning it has raised a staggering $510 million in a Series E funding round at a $2.5 billion valuation.The massive “oversubscribed” financing comes nearly seven months after the fintech startup raised $63 million in a round led by NBA star Russell Westbrook, who also joined the startup a

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Varo Bank raises massive $510M Series E at a $2.5B valuation as it eyes the public markets