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Varo in its $123.9 million growth investment led by Warburg Pincus and Coliseum Capital Management

On February, 2, 2026, Varo Bank, the first all-digital nationally chartered bank in the U.S., announced that it raised a growth investment of $123.9 million.  Varo’s Series G round led by existing investor Warburg Pincus and new investor Coliseum Capital Management, LLC.  Varo also announced that Alice Milligan, former chief marketing officer at Morgan Stanley, and Kevin Watters, former division chief executive officer at JP Morgan, have joined its Board of Directors.

Wachtell, Lipton, Rosen & Katz is serving as legal advisor to Varo.

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