Tag: chartered bank

Varo Bank Raises $510M of Growth Capital

Varo Bank, N.A., nationally chartered bank in the US, has announced that it has closed a $510 million oversubscribed funding round. The round was led by new investor Lone Pine Capital, who was joined by dozens of additional new investors including Declaration Partners, Eldridge, Marshall Wace, Berkshire Partners / Stockbridge, and funds and accounts managed…