Varo Money, a mobile-only banking startup, has announced the launch of consumer lending via its mobile app, according to a press release. Varo said it will issue credit products in several states through its own lending licenses. The company said it recently solidified key strategic partnerships to support this launch, including a banking and credit relationship with Silicon Valley Bank, and Cloud Lending Solutions as system of record. Read more: www.mobilepaymentstoday.com
