Great analysis! Do you know what these “other loans” are? I dug through their FDIC filings but couldn’t find the nature of these loans — yield and losses are quite high
Tremendous analysis of Varo. I am a huge fan of Colin Walsh, but he has his hands full in a difficult marketplace. So many fintech firms are in the same boat.
Why should it cost them $100m to get a charter? Varo did the right thing but did not focus on the right market.
Great analysis! Do you know what these “other loans” are? I dug through their FDIC filings but couldn’t find the nature of these loans — yield and losses are quite high
Tremendous analysis of Varo. I am a huge fan of Colin Walsh, but he has his hands full in a difficult marketplace. So many fintech firms are in the same boat.