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Varo Achieves Milestone AsĀ First Consumer FinTech To Get National Charter

PYMNTS

Colin Walsh got lots of laughs five years ago when he talked of his intention to launch a financial technology (FinTech) startup. Varo is the first consumer FinTech to receive a new national bank charter from the U.S. Since then, the skepticism has evaporated and the CEO of Varo Money Inc. , To date, Varo has raised $419.4 million.

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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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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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FinovateSpring 2015 Sneak Peek: Part 8

Fintech Labs Insights

Register today to see and meet these innovators in person on May 12 and 13 at our upcoming conference in San Jose, California. Finaeos automates the back-office and capital raise compliance. Finicity helps developers build powerful apps to drive financial software innovation. HQ: Westport, Connecticut. Founded: 2015.

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Bridging Banking Gaps For Cannabis Companies

PYMNTS

To that end, said Kevin Hart, CEO of Green Check Verified (hereafter Green Check), spoke with PYMNTS about how cannabis firms, banking and compliance issues intersect, and how FinTech can help alleviate friction in the process of keeping track of it all. without resorting to cash. Itā€™s also about providing payroll services for employees.

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