Varo Bank logo — We're on a mission to bring financial inclusion and opportun...

Varo Bank

We're on a mission to bring financial inclusion and opportunity to all.

Founded 2015 United States San Francisco, United States 430 employees Series G Total: $1.07B Financial Services, Fintech +1

General Information

Company Name Varo Bank
Founded Year 2015
Location United States San Francisco, United States +3
Founders / Decision Makers
Team member
Employees 430
Industries Financial Services, Fintech, Banking
Funding Stage Series G
Social

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About Varo Bank

Varo Bank, founded in 2015 and headquartered in the United States, is reshaping the banking landscape with a digital-first approach. Their slogan, "We're on a mission to bring financial inclusion and opportunity to all.", highlights their commitment to accessible banking.

As a fully digital institution, Varo Bank combines financial veteran insight with cutting-edge technology to deliver premium features such as quicker fund access, high-yield savings, and automatic saving tools. This innovative approach aims at broadening financial inclusiveness.

With a robust funding history, Varo has secured over $992.4 million from notable investors like Warburg Pincus, The Rise Fund, and Harbourvest Partners. Their latest $28.98 million Series G round on February 18, 2025, continues to position Varo as a key player in the Fintech and Banking industries.

Taxonomy: Digital Banking, Financial Inclusion, Mobile App Development, High-Yield Savings, Automatic Saving Tools, FDIC Insured, Banking Innovation, User Experience Design, Technology-Driven Solutions, Mobile Banking User Interface, Fintech Investment, Mission-Driven Banking, OCC Chartered Bank

Services & Products

Cash Advances
Early Payday
Free Debit Card
Varo Believe Credit Card
High APY Savings Account
No Hidden Fees
ATM Network Access

Target Customers

Individuals Seeking Banking Solutions Consumers Seeking Credit Building People Looking for Financial Education Users Seeking Fee-free Banking

Funding Rounds & Investors (10)

View All
Funding Stage Amount Investors Lead Investors Date
Series G •••••• - 18 Feb 2025
Venture Round •••••• 1
Investor
01 Feb 2023
Series E •••••• 10
Investor Investor Investor Investor Investor Investor Investor Investor Investor
•••• ••••
09 Sep 2021
Corporate Round •••••• 1 •••• •••• 18 Feb 2021
Series D •••••• 10
Investor Investor Investor Investor Investor Investor
•••• ••••
03 Jun 2020

View All 10 Funding Rounds

Varo Bank Alternatives & Competitors

View All Alternatives
Varo Bank vs
North One
North One United States

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Varo Bank vs
BENYSTA
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Varo Bank vs

Baader Trading. Better Trading.

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FAQ About Varo Bank

We're on a mission to bring financial inclusion and opportunity to all.
Varo Bank was founded in 2015.
Varo Bank is headquartered in San Francisco, United States.
Varo Bank operates in the following industries: Financial Services, Fintech, Banking.
Varo Bank has approximately 430 employees.
Varo Bank has completed 10 funding rounds, raising a total of $1.07B. The latest funding stage is Series G.
Varo Bank offers: Cash Advances, Early Payday, Free Debit Card, Varo Believe Credit Card, High APY Savings Account, No Hidden Fees, ATM Network Access.
Top alternatives and competitors to Varo Bank include North One, BENYSTA, Baader Bank AG, Founders Bank, Capital One. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Varo Bank and North One are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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