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Varo Achieves Milestone As First Consumer FinTech To Get National Charter

PYMNTS

Varo Bank’s opening … represents the evolution of banking and a new generation of banks that are born from innovation and built on technology intended to empower consumers and businesses,” said Brian Brooks, OCC’s acting comptroller in a statement. “As Last month, Varo closed on a $241 million Series D funding round.

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A bridge to affordable housing

Independent Banker

When two executives at Woodforest National Bank noticed a dearth of affordable housing options in southeast Texas, they decided to do something about it, partnering with several housing and community groups to launch an innovative mortgage lending product aimed at underserved clients. Aileen McDonough is a writer in Connecticut.

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An App A Day Keeps Grocery Shoppers Coming Their Way

PYMNTS

non-profit grocer Daily Table, which stocks healthy and convenient foods at an affordable price by sourcing them from a large network of growers, markets and manufacturers. Instacart started in San Francisco but announced that it plans to launch in more than 100 new markets by the end of 2017.

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55 US Companies That Became Unicorns In 2018

CB Insights

Select Investors: Tencent Holdings, Disney Accelerator, Kleiner Perkins Caufield & Byers, Lightspeed Venture Partners, Vulcan Capital, ICONIQ Capital. Select Investors: Y Combinator, Sequoia Capital, Khosla Ventures, Kleiner Perkins Caufield & Byers, Wellcome Trust, GIC, SoftBank Group, DST Global. Valuation: $12B.

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Dream Payments Closes $10 Million Series A

Fintech Labs Insights

Canadian payments innovator Dream Payments raised $10 million in new funding this week. The Series A round was led by the investing division of Fairfax Financial Holdings, FairVentures, and takes the company’s total capital to more than $17 million. ” The company plans to use the new capital to fuel expansion in the U.S.,

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Impact Roadshow | Meriden, CT

Filene

Local Host: Credit Union League of Connecticut. Innovation Immersion - Filene’s Innovation Immersion program helps credit unions execute on innovation, ideas, and cultural change. We'll walk through some of Filene's latest programs, and the research and innovation behind them. 2:00 p.m. -

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Strategic Insight Buys BrightScope for Reported $35+ Million

Fintech Labs Insights

But RIABiz reports that the acquisition was financed by Genstar Capital and notes “outside sources peg the deal at $35 to $40 million.” ” Commenting on the news, Strategic Insight CEO Joel Mandelbaum said, “BrightScope is well known for its unique retirement data and its technology innovation.

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