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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. Existing Varo Bank investors include Warburg Pincus, The Rise Fund, Gallatin Point Capital, HarbourVest Partners and funds managed by BlackRock. Varo Bank last year raised $241 million in Series D funding. With the additional funds, Varo Bank’s total raise to date is now $482.4 million.

United statesRussell westbrookWarburg pincusRise fundVaro bankRussell westbrook enterprisesOffice of the comptrollerFederal reserveGallatin point capitalHarbourvest partnersEmpower financeVaro advanceWestbrook enterprisesஒன்றுபட்டது மாநிலங்களில்ரஸ்ஸல் வெஸ்ட்புரூக்வார்பர்க் பிங்கஸ்