<div>
  <p>
  </p>
  <ul>
    <li>
      <p>
        Varo Bank, a consumer-focused neobank, unveiled a new product named &quot;Varo Line of Credit.&quot;
      </p>
    </li>
    <li>
      <p>
        This product allows customers to borrow against their credit history and offers access to credit of up to USD 2,000. It also does not charge late or hidden fees.
      </p>
    </li>
    <li>
      <p>
        Varo Bank also added Smart Bank Account features to enhance how users track and manage their money on a day-to-day basis. These features are available within the Varo Bank app and exhibit users' spending trends in real-time, enabling users to compare their month-on-month spending and plan for future expenses. Additionally, they allow users to filter their spending by category.
      </p>
    </li>
  </ul>
  <p>
  </p>
</div>


<div>
  <p>
    <a href="https://www.finextra.com/pressarticle/100148/varo-adds-line-of-credit-product">
      FinExtra
    </a>
  </p>
</div>


Neobanks

PROMINENT_CATEGORY

<div>
 <p>Varo Bank, a neobank with a consumer focus, has announced a new product named "Varo Line of Credit." This new product gives customers the ability to borrow against their credit history, with access to as much as USD 2,000 in credit. Importantly, the product does not include hidden or late fees. </p>
 <p>In addition to this, Varo Bank has introduced Smart Bank Account features for better day-to-day management and tracking of user finances. Integrated within the Varo Bank app, these features provide real-time insight into user spending patterns. This allows users to evaluate their spending on a month-to-month basis and effectively plan for future expenses. Furthermore, users can filter and view spending by category for enhanced financial tracking.</p>
</div>

Varo Bank introduces Varo Line of Credit and enhanced smart bank account features

<div>
<p>Varo Bank has collaborated with Column Tax to provide free in-app tax services. Users can file taxes within the Varo Bank app in less than 15 minutes and access tax returns up to five days early. Column Tax, an embedded tax provider, provides APIs to enable mobile banks and fintech firms to offer tax services to their users.</p>
</div>

Varo partners with Column Tax to introduce free in-app tax services

Varo Bank has launched an instant payment service called Varo to Anyone, which allows customers to send money to anyone in the US with a debit card. Users can access the service through the Varo app and send money instantly by entering the recipient's US phone number or email manually or by allowing access to their phone contacts. The service is supported by an FDIC-insured national bank and offers up to $250,000 in insurance coverage.

All Updates

Varo Bank introduces Varo Line of Credit and enhanced smart bank account features

Varo partners with Column Tax to introduce free in-app tax services

Varo Bank launches ‘Varo to Anyone,’ a free instant payment services

Varo Bank seeks to raise USD 50 million at a lower valuation

Varo lays off employees and announces new measures in a bid to maintain capital and achieve profitability

Varo raises USD 510 million in oversubscribed Series E funding