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Varo

Varo

Varo Bank is a US-based all-digital, nationally chartered bank offering mobile-first banking services.

2015Active431

About

Varo Bank is the first all-digital, nationally chartered bank in the U.S., founded in 2015. It offers mobile-first banking services including high-yield savings, fee-free checking, and consumer lending products, aiming to serve customers underserved by traditional banks. Varo leverages proprietary machine-learning models to broaden lending access and provides a technology-first customer experience with strong governance and risk discipline.

Technology stack

detected 2026-06-13
Est. monthly stack spend~$1,810/mo
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Cloudflare
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Vercel
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Frequently asked

What does Varo do?

Varo Bank is the first all-digital, nationally chartered bank in the U.S., founded in 2015. It offers mobile-first banking services including high-yield savings, fee-free checking, and consumer lending products, aiming to serve customers underserved by traditional banks. Varo leverages proprietary machine-learning models to broaden lending access and provides a technology-first customer experience with strong governance and risk discipline.

How much funding has Varo raised?

Varo has raised a total of $1.2B in funding. The most recent round on record is Series G.

Where is Varo headquartered?

Varo is headquartered in Salt Lake City, United States.

When was Varo founded?

Varo was founded in 2015.

What industry does Varo operate in?

Varo operates in Fintech, Neobank, Digital Banking, Consumer Lending, Savings Accounts, Checking Accounts.

How many employees does Varo have?

Varo has approximately 431 people on record.