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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. Department of the Treasury that charters and regulates financial institutions. Varo is the first consumer FinTech to receive a new national bank charter from the U.S. To date, Varo has raised $419.4

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Fintech Fundings: 9 Companies Raise $73 Million Week Ending Dec 31

Fintech Labs Insights

The year ends with a total of about $19 billion invested into private fintech companies (includes debt and equity). If you add the $6 billion in new capital raised in the IPOs of Worldpay, Square and First Data, the 2015 total is a nice even $25 billion. HQ: Shelton, Connecticut. Mobile wallet & biometric solutions.

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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.” Strategic Insight was founded in 1989 and is headquartered in New York City, with offices in Boston, San Francisco, Samford, Connecticut, as well as around the world in the U.K.,

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Bridging Banking Gaps For Cannabis Companies

PYMNTS

Nowhere does that ring truer than in the nascent and growing legal cannabis industry, where billions of dollars flow the old-fashioned way ā€” hand to hand, because of the clash between federal and state regulations over its legality. Itā€™s about small business loans, mortgages for facilities, and funding for capital improvements.

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