NBA star Russel Westbrook leads $63m investment in Varo Bank

The investment firm is led by former NBA all-star Russell Westbrook, while Jefferies LLC acted as advisor. Westbrook will join Varo as an investor and has “direct input” on the bank’s future. He will focus on the lender’s community-focused strategies for communities of colour. “The banking system has ignored or underserved a large portion of the American population – particularly communities of colour,” says Westbrook. “I am excited and ready to work with Varo to be a part of an economic revital
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