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Varo, with $241M Series D, plans to become a bank this summer 

BankInovation

We have the FDIC approval, and we’re going through the final examination […]. Varo Money is in the “last leg of the race” in getting a banking charter, according to founder and CEO Colin Walsh. The mobile banking startup announced a $241 million Series D today and expects to have a bank charter sometime this summer. “We

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