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Filings for Q1 2022: Varo, the first US neobank to be granted a bank charter, had a high $84M burn rate and 98% of its income came from interchange and fees (Jason Mikula/Fintech Business Weekly)

Photo of Grace Will Grace Will May 31, 2022
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Jason Mikula / Fintech Business Weekly:

Filings for Q1 2022: Varo, the first US neobank to be granted a bank charter, had a high $84M burn rate and 98% of its income came from interchange and fees  —  What the Regulators Should (and Shouldn’t) Do to Encourage Competition  —  Hey all, Jason here.  Happy Memorial Day, for my American readers!



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