Raul
(Ann Onymuz)
2 April 2019 17:53
1
Start online banking with Varo Bank today. Open a Checking Account, Bank Account and high-yield Savings Account. No hidden fees. Get paid up to 2 days early.
Est. reading time: 2 minutes
A mobile only bank born in the USA.
I’m just mentioning this because there seems to be a wealth of fintechs poping up like mushrooms. All over the world.
I hope this doesn’t evolve to a fintech bubble, with crazy valuations like in the .com days.
Other than that I’m glad people decide to build alternatives.
3 Likes
The American banking market is in desperate need of shaking up. Chime are already doing that and Monzo are making moves that direction. Plenty of room over there for a few more FinTechs
3 Likes
Raul
(Ann Onymuz)
2 April 2019 18:14
3
Yeah. That’s a big place with loads of people. Plenty of room.
I just fear a valuation hyped fever with the increased public awareness. Fashion go to darling investments fed by the media.
I like peace and quiet. Definitely old fashioned.
On another note does #20 means you are the 20th person to get in? The shades gave it away
1 Like
The valuation will only be relevant by the time they’ve actually proved themselves. It’ll be a few years yet before we know if it’s a bubble
User number, since we are all sharing
saf
11 February 2020 11:36
5
Varo is on track to become the first fintech startup to get a “de novo national bank charter”. This means they won’t need to piggy back off a partner bank.