[Varo Money in Reuters] Warburg Pincus-backed Varo Bank raises fresh capital at $2.5 bln valuation

Sept 9 (Reuters) – Varo Bank, backed by private equity firm Warburg Pincus, said on Thursday it had raised $510 million in a funding round led by new investor Lone Pine Capital, taking the nationally chartered U.S. digital bank’s valuation to $2.5 billion.

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