Varo Bank Revenue and Competitors

Location

$992.4M

Total Funding

Fintech

Industry

Estimated Revenue & Valuation

  • Varo Bank's estimated annual revenue is currently $96.6M per year.(i)
  • Varo Bank's estimated revenue per employee is $165,100
  • Varo Bank's total funding is $992.4M.
  • Varo Bank's current valuation is $2.5B.

Employee Data

  • Varo Bank has 585 Employees.(i)
  • Varo Bank grew their employee count by -18% last year.

Varo Bank's People

NameTitleEmail/Phone
1
Founder and CEOReveal Email/Phone
2
Chief Staff to CEOReveal Email/Phone
3
CFOReveal Email/Phone
4
Chief AuditorReveal Email/Phone
5
Head Product, Credit ProductReveal Email/Phone
6
Compliance Officer, Training & Compliance Management SystemReveal Email/Phone
7
Head Talent AcquisitionReveal Email/Phone
8
Head Talent DevelopmentReveal Email/Phone
9
Head Public Policy & Social ImpactReveal Email/Phone
10
Head AI/ML EngineeringReveal Email/Phone
Competitor NameRevenueNumber of EmployeesEmployee GrowthTotal FundingValuation
#1
$324.2M17440%$2.3B$25B
#2
$11.4M76-22%N/AN/A
#3
$867.9M48842%$3B$10.6B
#4
$5M43-2%N/AN/A
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What Is Varo Bank?

As the first fintech in the country to become a nationally chartered bank, Varo is on a mission to empower people to achieve financial resilience. We're working toward our mission with a team that uniquely and strategically combines banking veterans with technology experts. The banking experts provide decades of industry experience, and the tech experts can build a mobile app that offers everyone access to premium banking, including quicker access to your money, high-yield savings, and automatic saving tools. Varo has raised over $419M to date, from leading institutional investors and strategic partners including Warburg Pincus, The Rise Fund / TPG Growth, Gallatin Point Capital, Harbourvest Partners, and Progressive Insurance.

keywords:Service Industries, Apps, Banking, Finance Technology, Consumer, Fin Tech

$992.4M

Total Funding

585

Number of Employees

$96.6M

Revenue (est)

-18%

Employee Growth %

$2.5B

Valuation

N/A

Accelerator

Varo Bank News

2022-04-20 - Rita Moreno and Lily Tomlin Reunite in L.A., Plus Charli XCX, Kathy Hilton and More

Russell Westbrook shares financial inclusion and wealth building tips to students at Varo Bank's Money Power event in L.A....

2022-04-19 - Plaid co-founder’s next venture is a bank to power fintech apps

“We are both the bank and the technology provider. ... Varo in 2020 became the first consumer fintech to be granted a national bank charter.

2022-04-17 - Banks that have cut or eliminated overdraft fees

Various banks — such as Varo Bank and Chime — also offer perks like access to your direct deposit up to two days earlier than many...

Company NameRevenueNumber of EmployeesEmployee GrowthTotal Funding
#1
$120.7M585-13%N/A
#2
$104.4M587-2%$411.8M
#3
$178.3M587-4%N/A
#4
$198.5M5886%N/A
#5
$75.2M5906%N/A