Varo raises $123.9M, adds 2 board members

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Summary

- Varo has added two new board members, including Morgan Stanley’s former marketing chief and an 18-year veteran of JPMorgan Chase. - Coliseum Capital Management is among the new investors in Varo.

Why It Matters for Texas Credit Unions

The article does not mention Texas specifically or any regulations that are unique to Texas credit unions.

Original Source Material

Morgan Stanley’s former marketing chief and an 18-year veteran of JPMorgan Chase have joined the digital bank’s board, which also counts Coliseum Capital Management among its new investors.