Varo Bank Stock
Varo is a digital bank that offers innovative, premium banking services wrapped in inclusive design.
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About Varo Bank Stock
Varo Bank is an all-mobile bank account app with a mission to help customers create healthy financial habits and be in control of their finances. Varo Bank offers customers bank accounts that have no minimum balance requirement or monthly account fee, high-interest savings accounts, and tech-first features to help people save and manage their money.
Varo Bank was founded in 2015 and is headquartered in San Francisco, California. Notable investors include Lone Pine Capital, Russell Westbrook Enterprises, Gallatin Point Capital, and The Rise Fund.
Investors
Gaingels
Forte, Collective Health, Bowery Farming, Palmetto Clean Technology, Cerebral, Cart.com, Guideline, Fetch Rewards, Blockstream, Jeeves
Gallatin Point Capital
Manatt Venture Fund
Russell Westbrook
Silicon Valley Bank
One97, Olive, FireEye, Weee!, Workrise, Fair, project44, Plume Design, BetterUp, Welltok
The Rise Fund
Funding History
| September 2021 | $510M |
|---|---|
| February 2021 | $63.0M |
| June 2020 | $241M |
| July 2019 | $100M |
| January 2018 | $45.0M |
| January 2017 | $5.0M |
| May 2016 | $28.4M |
Management
CEO and Co-Founder
Colin Walsh
Chief Financial Officer
Thibault Fulconis
Press
finextra - Apr, 3 2023
Varo Bank hires Sachin Shetty as CTOfinextra - Feb, 27 2023
Varo Bank names Wook Chung chief product officerbusinessinsider - Sep, 16 2022
Despite the stalled IPO market, here are 19 fintech and crypto startups that may still go public this year — and the investors who will benefitcoverager - Jul, 22 2022
Varo Bank lays off 75 employeesprnewswire - Feb, 11 2022
VARO BANK WELCOMES JON ALFERNESS AS CHIEF PRODUCT OFFICERzpr - Oct, 21 2021
Amy Ferris Joins Varo(R) Bank as Chief Growth Officerow - Sep, 13 2021
Varo Bank Raised $510M, Affinity Grabbed $80M and More SF Tech Newszpr - Sep, 10 2021
The Briefing: Snyk Gets $530M, Varo Money Closes On $510M, And MorePR Newswire - Apr, 27 2021
Varo Bank Expands Leadership Team with Three Key Hirescoverager - Feb, 18 2021
Progressive-backed Varo raises $63 millionThe Financial Brand - Feb, 8 2021
Varo Bank Launches Across the U.S. With Massive Marketing Blitzamericanbanker - Nov, 24 2020
Oportun is latest nonbank lender to seek a bank chartertrib - Sep, 9 2020
What's next for Jiko now that it owns a bankamericanbanker - Aug, 19 2020
A new beginning for digital bankingfintechunfiltered - Aug, 1 2020
Weekly Wrap: Varo is a bank and a big week for payments startupswsj - Jul, 31 2020
Fintech Varo Money Gets Rare Green Light to Become Bankbankinnovation - Jun, 24 2020
Current to add cash deposit featurespr - Jun, 4 2020
Varo Money Locks in $241 Million in Series D Investmentvcaonline - Jun, 4 2020
Venture Capital Database 2020 Now Available!forbes - Jun, 3 2020
Varo Money Raises $241 Million As It Moves Closer To Becoming A National Digital Bankamericanbanker - Jun, 3 2020
Varo Money gets new backers and closer to bank chartersiliconangle - Jun, 3 2020
Mobile banking startup Varo Money raises $241Mprnewswire - Feb, 14 2020
Couples Prefer to Keep Some Finances Separate, Survey Revealsfinextra - Feb, 11 2020
Varo Money clears final hurdle for national charterfinextra - Feb, 11 2020
Varo Money clears final hurdle for national charterwsj - Feb, 11 2020
Varo Moves Closer to Becoming a Bankaxios - Feb, 10 2020
Varo gets long-awaited FDIC nod of approvalwebwire - Nov, 16 2019
Varo Money Strikes Marketing Partnership with iHeartMediaforbes - Oct, 17 2019
The Company Powering Robinhood And Chime Just Raised $77 Million In Its First-Ever Venture Capital Fundingamericanbanker - Aug, 28 2019
Varo to offer limited overdraft protection to some customersprnewswire - Aug, 27 2019
Varo Leads Customer-First Banking with Launch of No Fee Overdraftfintechfutures - Aug, 16 2019
Questions about Your Finances? Ask Varo Money’s Valprnewswire - Aug, 14 2019
Varo Hires August de los Reyes as Chief Design Officerspglobal - Aug, 13 2019
Varo Money partners with Galileo Processing, Socure, Cachet Financial, Bancorp Bankprnewswire - Aug, 3 2019
Survey: Student Debt, Changing Norms Are Transforming the American Dreamamericanbanker - Jul, 16 2019
Varo Money raises $100M, refiles deposit insurance applicationthepaypers - Apr, 2 2019
Challenger banking Varo chooses Feedzai for enterprise fraud preventionthestate - Apr, 1 2019
Mary Wisniewski: New wave of fintech firms are battling for your savings with high yieldsamericanbanker - Mar, 27 2019
Podcast The story behind Varo Money’s bank charter pushcnbc - Feb, 28 2019
Small banks you've never heard of are quietly enabling the tech takeover of the financial industrythefinancialbrand - Feb, 28 2019
Eight Challenger Banks Traditional Institutions Should Worry Aboutamericanbanker - Feb, 28 2019
Bank of the West exec bolts for startup, sees chance 'to redefine retail banking'finextra - Sep, 13 2018
Varo Money signs with Temenos as bank build out beginsfinextra - Sep, 5 2018
Varo Money wins preliminary approval for US national bank charterprweb - May, 22 2018
Varo Money Survey: More Men than Women Would Accept Dream Job Even f Paid Less than Someone of the Opposite Sexslate - May, 19 2018
Online bank Simple thought it would win by “not sucking.” Here’s how that’s going.freep - May, 13 2018
5 strong women — and the money lessons they taught meprweb - May, 9 2018
Mom, CFP: New Varo Money Survey Reveals That When Americans Need Financial Advice, They Come to Mamaprweb - May, 4 2018
Varo Money Survey: Of Five Major U.S. Cities, Philadelphia and Chicago Offer Best Quality of Life for the CostTechCrunch - Jan, 19 2018
Varo Money raises $45 million for mobile banking without feesTechCrunch - Jul, 25 2017
Mobile banking startup Varo Money has applied for a bank chartercrowdfundinsider - Jan, 24 2017
Consumer Financial Data Rights Group Formed by Fintech Companies including Kabbage, Affirm & Moreventurebeat - Dec, 19 2016
Varo Money prepares to take on millennial fintech services with a bot named Valpaybefore - Sep, 15 2016
Varo Money Partners with The Bancorp, Others for Mobile-Only Banking ServicesEquityZen does not have an affiliation with, formal relationship with, or endorsement from any companies featured above. This profile is based on publicly available information and is intended to be informative in nature.
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