Varo, the fintech pioneer that gained attention for becoming the first all-digital nationally chartered U.S. consumer bank, is facing funding challenges as it attempts to raise $55 million in its Series G round, having secured $29 million to date. The company has raised over $1 billion since its inception in 2015. In a notable leadership change, CEO Colin Walsh is stepping down, with Gavin Michael taking over. Despite speculation about Walsh's departure, the company insists it's a strategic evolution, leveraging Michael's extensive experience in financial services.
Colin has known Gavin for 19 years, and after working closely with him these past months, Colin is confident he's the right leader to build on the company's foundation that he built for the last decade.
This transition is about the next phase of Varo's evolution, as Michael's experience as CEO of Bakkt fits Varo's needed direction.
Collection
[
|
...
]