In our latest podcast, Peter Jankovsky (WG'20) is joined by Colin Walsh, the CEO and Co-Founder of Varo Money. Varo Money is on track to become the first mobile-centric national bank in US history after gaining approval for a national bank charter. We previously spoke with Colin in the early days of Varo's launch and are excited to welcome him back to the podcast to share his experience in the market.
In this extensive interview, Colin shares:
- His unique founding story and the value proposition behind Varo
- The rationale for Varo's decision to pursue a national bank charter
- His vision for what's next for Varo - including both product and geographic expansion
- Challenges that Varo has overcome since launching in the market
- Advice for entrepreneurs seeking funding
- His views on the competitive landscape for consumer banking in the US
Prior to starting Varo, Colin spent over 25 years working in consumer banking at global financial institutions. He was previously an EVP at American Express, leading Europe's largest credit and charge card business, and an MD at Lloyd's, leading the UK's largest mortgage and savings businesses.
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