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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. the San Francisco-based online bank, had the last laugh. Varo is the first consumer FinTech to receive a new national bank charter from the U.S. Varo Bank N.A.

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Payrailz Partners With Mastercard For Real-Time Bill Payments

PYMNTS

Digital payments company Payrailz is teaming with Mastercard to launch a pilot of the Mastercard Bill Pay Exchange, a real-time payment solution that works directly with digital banking apps, Payrailz said in a press release on Wednesday (Dec. The goal is to offer users an easy way to view, manage and pay bills.

Payments 147
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Fintech Fundings: 186 Companies Raised $1.6 Billion in June

Fintech Labs Insights

Second quarter closed with a frenzy of fintech fundings with 49 deals announced the last week alone, 10 more than the previous weekly record. Fintech deals by size from 25 June to 1 July, 2016: Paycor. D3 Banking. Banking platform. Digital sales & account opening. Of the total raised, $61.5 million was debt.

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