Varo Money, the digital banking company, has signed a deal with automated digital credit improvement platform Dovly to make it easier for customers to strengthen their credit score.
The partnership will allow customers go through Varo Money’s platform to access Dovly’s credit improvement solution to find ways they can boost their credit scores, Verdict reported.
Jaime Jerusalmi, head of partnerships and business development at Varo Money, said: “Dovly’s credit improvement solution complements our mission to positively impact consumer financial health.”
Dovly co-founder and CEO Nirit Rubenstein added, “People are looking for easy and intuitive ways to manage their financial health, and having access to both Varo’s banking platform and our online automatic credit improvement solution enables them to do just that.”
The news comes months after Varo Money was approved by the Federal Deposit Insurance Corporation (FDIC) for deposit insurance in February. That meant it was one step closer to be able to launch a national banking charter.
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