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Varo Money, Inc. recently closed a $241 million Series D funding round as it looks to become the first completely digital bank to obtain a national charter. So reports The San Francisco Times.

bono paul david hewson 434945 640The mobile banking app now has more than $419 million in funding, per reports. The newest round was co-led by existing investor The Rise Fund and new investor Gallatin Point Capital. Gallatin Point features U2 front man Bono and producer Jeff Skoll.

Read the full article from The San Francisco Times.

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