Monday, August 10, 2020

Fintech Varo Money Gets Green Light to Become Bank

Monetary-technology agency Varo Cash Inc. stated Friday it had acquired a nationwide financial institution constitution, clearing the ultimate hurdle in its quest to turn out to be a financial institution.

The nationwide constitution from the Workplace of the Comptroller of the Foreign money marks one of many first granted to a fintech firm. It offers the startup the power to make loans and safeguard deposits throughout state traces.

Fintech…

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