Varo Bank raises another $63M, led by NBA star Russell Westbrook

Varo Bank raises another $63M, led by NBA star Russell Westbrook

3 years ago
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https://techcrunch.com/2021/02/18/varo-bank-raises-another-63m-led-by-nba-star-russell-westbrook/

Varo Bank, which last year became the first U.S. neobank to be granted a national bank charter, announced this morning it’s raised another $63 million in new funding. The round was led by NBA star Russell Westbrook, who will also join the startup as an advisor focused on the direction of Varo Bank’s programs aimed at underserved communities, including communities of color.

Westbrook’s investment came through Russell Westbrook Enterprises, which previously backed social avatar startup Genies.

Varo Bank raises another $63M, led by NBA star Russell Westbrook

Feb 18, 2021, 3:51pm UTC
https://techcrunch.com/2021/02/18/varo-bank-raises-another-63m-led-by-nba-star-russell-westbrook/ > Varo Bank, which last year became the first U.S. neobank to be granted a national bank charter, announced this morning it’s raised another $63 million in new funding. The round was led by NBA star Russell Westbrook, who will also join the startup as an advisor focused on the direction of Varo Bank’s programs aimed at underserved communities, including communities of color. > Westbrook’s investment came through Russell Westbrook Enterprises, which previously backed social avatar startup Genies.