Warburg Pincus and Coliseum Capital Management led a $123.9m Series G round in Varo Bank.

Warburg Pincus, a private equity firm, and Coliseum Capital Management, a private investment firm, led a $123.9m Series G round in Varo Bank, an all-digital nationally chartered bank in the US. “This combination of new capital, Coliseum’s partnership, and experienced banking leaders joining our board, is propelling Varo into its next phase of growth. We remain focused on operating with discipline and delivering meaningful impact for our customers," Gavin Michael, Varo Bank CEO.