Fintech startup Varo receives $ 510 million in Series E funding.

09月
09
2021-9-9 20:33
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Fintech start-up Varo announced Thursday it has raised $ 510 million in Series E funding led by hedge fund Lone Pine Capital. According to the statement in the case, the value of the company has grown from around $ 700 million to $ 2.5 billion since its previous investment. In 13 months of acquiring the franchise, Varo user revenues doubled to $ 4 million and revenues tripled, according to CEO Colin Walsh. (CNBC)

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