Varo Money

company

About

Varo is a digital bank that offers innovative, premium banking services wrapped in inclusive design.

  • 501 - 1000

Details

Last Funding Type
Series B
Last Funding Money Raised
$45M
Industries
Apps,Banking,Financial Services,FinTech
Founded date
Nov 1, 2015
Number Of Employee
501 - 1000
Operating Status
Active

Varo Money is driven by a mission to redefine banking so it’s easy for everyone to make smart choices with their money. In one mobile app, Varo offers customers no-cost premium bank accounts and high-interest savings accounts offered through The Bancorp Bank, and tech-first features to help people manage their money more easily.

The company was founded in 2015 and is headquartered in San Francisco, California.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
3
$386M
Varo Money has raised a total of $386M in funding over 2 rounds. Their latest funding was raised on Jun 3, 2020 from a Series D round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Jun 3, 2020 Series D $241M 1 Detail
Jul 16, 2019 Series C $100M 1 Detail
Jan 18, 2018 Series B $45M 1 Detail

Investors

Number of Lead Investors
Number of Investors
1
Varo Money is funded by 1 investors. Gaingels are the most recent investors.
Investor Name Lead Investor Funding Round
Gaingels Series D