Varo Money Competitors, Revenue, Alternatives and Pricing

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Overview

Location:
Total Funding:$419.4M
Industry:Fintech
Founded:2015
Lead Investor(s):TPG, The Rise Fund

City Ranking

Industry Ranking

State Ranking

Growjo 10k Ranking

Estimated Revenue & Financials

  • Varo Money's estimated annual revenue is currently $40.2M per year.
  • Varo Money received $45.0M in venture funding in January 2018.
  • Varo Money's estimated revenue per employee is $130,000
  • Varo Money's total funding is $419.4M.

Employee Data

  • Varo Money has 309 Employees.
  • Varo Money grew their employee count by 29% last year.
  • Varo Money currently has 62 job openings.
Competitor NameRevenueNumber of EmployeesEmployee GrowthTotal FundingOnline ReviewPricing
Stripe
$380.1M292435%N/A4.5/5N/A
Hyperledger
$11.1M8547%N/A4.4/5N/A
Coinbase
$181.2M139441%N/A4.1/5N/A
Watsi
$4.8M3712%N/A3.5/5N/A
ZestFinance
$14.7M113-3%N/A-N/A
Pantera Capital
$7.7M594%N/A-N/A
DreamTeam
$11.6M89-7%N/A-N/A
Shocard
N/AN/AN/A-N/A
Hypernet
$7M5413%N/A-N/A
Skuchain
N/AN/AN/A-N/A
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Varo is changing the future of banking with our mobile app: a frictionless bank account that also helps customers do more with their money. Varo is building a mobile bank that helps customers cover their expenses, pay their bills and build their wealth over time - so they can stop worrying about money and go live their lives. Unlike traditional banks or other fintech apps, Varo offers a complete solution with integrated deposit, budgeting, savings and lending products that help customers bank with ease and achieve better financial outcomes. There's no reason for a bank branch on every corner anymore: all that customers need is a smartphone to bank seamlessly. Based in San Francisco and privately held, Varo has raised $78M to date, led by Warburg Pincus and The Rise Fund / TPG Growth.

keywords:Banking,Finance,Mobile

309

Number of Employees

$40.2M

Revenue (est)

62

Current Jobs

29%

Employee Growth %

$419.4M

Total Funding

N/A

Valuation

N/A

Accelerator

B2B

Type

Varo Money News

09/03/2019 - Varo Money Launching First True Mobile-Only National Bank

Varo Money, like all other challenger banks, has had to partner with a sponsor bank to gain access to the regulated banking system and be ...

08/27/2019 - Digital Banking Group Varo Money Launches No Fee ...

Digital-only challenger bank Varo Money announced on Tuesday it is now offering No Fee Overdraft. According to Varo, the No Fee Overdraft ...

08/28/2019 - Varo Money launches overdraft free mobile checking option

Varo Money Inc., a San Francisco-based mobile banking app, announced that its checking accounts will include no-fee overdraft options for ...

Varo Money Funding

DateAmountRoundLead InvestorsReference
2016-05-03$27.0MUndisclosedWarburg PincusArticle
2016-11-17$5.3MUndisclosedArticle
2018-01-19$45.0MUndisclosedTPGArticle

Varo Money Executive Hires

DateNameTitleReference
2018-02-22Carl GishChief Marketing OfficerArticle
2018-09-27Mary MillerHead of Fraud StrategyArticle