Dylan Sloan, Contributor / Forbes: Money
First Fintech To Receive National Bank Charter Now Facing Cash Crunch – When it secured a banking charter and raised a half-billion dollars last year, Varo promised growth and profitability. But an abrupt fintech downturn and high spending have left it with no choice but to slam on the brakes. In the first quarter, it laid off 8% of staff. When it …
