Payments News

On The Web

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Deals

Mexican challenger bank albo raises $45 million to expand

“With nearly half a million customers across Mexico and a network of 30,000 retail locations where representatives can take deposits, the challenger bank albo is already on its way to becoming a dominant player in Mexico’s emerging fintech industry. And the company has recently raised another $45 million to consolidate its position.”
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Deals

HMBradley Officially Launches Digital Bank

“HMBradley, a startup backed by PayPal Co-Founder Max Levchin, has officially launched its high yield digital banking platform after raising $3.5 million in November and signing thousands of applicants to a wait list.  The digital banking service, which offers up to 3% APY, is now allowing waitlisted customers to officially open their bank accounts and […]

On The Wires

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Providers

Varo Bank Introduces Varo Believe, a New and Better Way for Millions of Americans to Build Credit

“Varo Bank , the first all-digital nationally chartered bank in the US, today introduced the Varo Believe Program*, an innovative credit building product that includes a Visa credit card and credit monitoring. The Believe Program is aimed at the 45 million Americans who are “credit invisibles” – meaning they have insufficient credit history to qualify for […]
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Providers

Introducing Varo Advance: Instant Cash Access up to $100

“Varo Bank , the only digital national bank, is introducing Varo Advance, an innovative product that instantly advances up to $100 to qualifying customers and gives customers more flexibility and control over their finances. Designed to help customers proactively manage their finances, Varo Advance offers instant access to up to $100 cash right in the Varo Bank app.* With a […]