Varo Bank

About Varo Bank

Varo is a digital banking platform focused on providing fee-free banking services, high-yield savings, and credit-building solutions. Their mission is to help customers manage money without surprise fees, offering accessible financial tools for borrowing, saving, and building credit.

Products & Services

Online Bank Account:A 100% free bank account with no hidden fees, overdraft fees, or minimum balance requirements.

High-Yield Savings Account:Offers up to 5.00% APY on balances up to $5,000 and 2.50% APY on the rest, with auto-savings tools.

Believe Credit-Builder Card:A secured credit card designed to help build credit with no interest and funds held in a secured account.

Quick Cash Advance:Provides up to $250 (or $500 with qualifications) instantly with flat fees and no interest.

Personal Line of Credit:Offers borrowing up to $2,000 with no subscription or hidden fees and affordable monthly payments.

Early Payday:Allows access to paycheck up to 2 days early with direct deposit.

Free Debit Card:A Visa debit card with no fees for in-network ATM withdrawals and cashback options.

Cashback Program:Earn up to 3% cashback or more at over 10,000 merchants with no sign-up required.

Specialties

Digital Banking High-Yield Savings Credit Building Fee-Free Banking Cash Advances

Funding History

Debug: View Raw Funding Data

#	Type	Amount Fields	Date Fields	Investors
1	RT: Series G T: - FT: Series G	A: 123900000 MR: - FA: 123.9 million FAN: 123900000	D: 2026-02-02 FD: 2026-02-02	3 investors

Series G Latest

2026-02-02

$123.9M

3 investors (Pro only)

Growth Metrics

+45%

Employee Growth

YoY

3.2x

Funding Growth

Last Round

12

Markets

Operating

10K+

Customers

Active

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Mock Up

Team & Leadership

J

Jackie K.

Director of Financial Crimes

R

Ray R.

Staff Data Analyst

G

George W.

Sr. IT Auditor

G

Gavin Michael

CEO

T

Tracy H.

D

Daniella C.

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Recent News

Varo Bank Announces New Product Launch

2 days ago

Company unveils innovative solution to transform the industry, expanding market reach and capabilities...

Leadership Team Expands with Industry Veteran

1 week ago

New executive brings 20+ years of experience to accelerate growth and strategic initiatives...

Company Recognized as Industry Leader

2 weeks ago

Receives prestigious award for innovation and customer satisfaction in competitive market...

Key Competitors

C1

Competitor Alpha

Series B · $50M raised

C2

Competitor Beta

Series C · $120M raised

C3

Competitor Gamma

Series A · $25M raised

C4

Competitor Delta

Seed · $10M raised