Varo Bank
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Overview
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.
About
Industries
Financial Services, FinTech, Banking, Apps
Founded
2015
Employees
501-1000
Headquarters locations
United States, North America
Social
N/A
Profile Resume
Varo Bank headquartered in United States, North America, operates in the Financial Services, FinTech, Banking, Apps sector. The company focuses on Financial Services and has secured $150.1B in funding across 144 round(s). With a team of 501-1000 employees, Varo Bank is actively contributing to advancements in Financial Services. Their latest funding round, Series A - Varo Bank, raised $28.4M. Discover more about their projects, partnerships, and impact on our platform.
Funding Rounds
Funding rounds
9
Investors
1
Lead Investors
0
Total Funding Amount
$1042.4M
Details
6
Varo Bank has raised a total of $1042.4M in funding over 6 rounds.
| Announcement date | Transaction name | Number of Investors | Money raised | Lead Investor |
|---|---|---|---|---|
| 2020 | Late Stage Venture | 241.0M | ||
| 2021 | Late Stage Venture | 510.0M | ||
| 2015 | Seed | |||
| 2016 | Early Stage Venture | 28.4M |
Investors
Varo Bank is funded by 55 investors.
| Investor Name | Lead Investor | Funding Round | Partners |
|---|---|---|---|
| Silicon Valley Bank | - | FUNDING ROUND - Silicon Valley Bank | 5.0M |
| David A. Coulter | - | FUNDING ROUND - David A. Coulter | 28.4M |
| Varo Bank | - | FUNDING ROUND - Varo Bank | 28.4M |
| Warburg Pincus | - | FUNDING ROUND - Warburg Pincus | 28.4M |
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