On September 9, 2021, Varo Money, Inc. closed the transaction. The company received $510,000,000 in the transaction led by new investor Lone Pine Capital LLC. The transaction also included participation from dozens of additional other new investors including Declaration Partners LP, Eldridge Industries LLC, Marshall Wace LLP, and StockBridge Partners, LLC, existing investors funds and accounts managed by BlackRock, Inc., Gallatin Point Capital LLC, HarbourVest Partners, LLC, Warburg Pincus LLC, and TPG The Rise Fund, a fund managed by TPG Growth, LLC. The round was valued at post-money valuation of $2,500,000,000. The transaction was over-subscribed. The company received $509,844,149 from 145 investors pursuant to exemption provided under Regulation D.