With the market turning so dramatically in 2022, it’s no surprise that many startups are now believed to be raising down rounds. This week alone, it was reported that Varo was raising a $50 million equity round led by Warburg Pincus at a “significantly” lower valuation. According to Fintech Business Weekly, the struggling neobank would […]
Varo, Stripe said to be raising new funds at much lower valuations by Mary Ann Azevedo originally published on TechCrunch...