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Varo Bank

111 Sutter St. Floor 13
San Francisco, CA 94104
Website Company Summary Management Team

CEO: Colin Walsh (10/31/2015)
President/COO/Operations: Pepe Porrata (4/27/2021) ; Wesley Wright (5/31/2016)
General Management: August de los Reyes (8/13/2019) ; Mary Ann Miller (9/27/2018) ; Philippa Girling
Finance: Thibault Fulconis (8/27/2018)
Technology: Deep Varma (2/28/2019) ; Smith Forte (8/31/2019)
General Counsel/Legal: Marina Gracias


Business description: Varo Bank is a mobile banking business that helps customers cover their expenses, pay their bills, and build their wealth over time. Varo Bank 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’s growth and help it develop a range of financial products, such as credit cards, loans, wire transfers, and other services that fintech may be limited to by their sponsor banks. The banking experts provide decades of industry experience, and the-tech experts can build a mobile app that offers everyone access to no-cost, premium banking, including high-yield savings and auto-saving tools.

Rounds: 7
Recent Fundings: Sep 2021   Feb 2021
Capital raised: 992.4M
Last Round: 510.0M
Ownership: Private  
VCs include: Warburg Pincus SVB Capital;  Progressive Insurance HarbourVest Partners ;  Berkshire Partners ;  Gaingels;  The Rise Fund ;  Gallatin Point Capital ;  Gopher Asset Management ;  Manatt Venture Fund;  Eldridge ;  Russell Westbrook Enterprises ;  Lone Pine Capital, ;  Declaration Partners ;  Stockbridge

Last Tweets


Last Mentions

Record updated: Sep 2021
Sector: FinTech
Headcount: 301-400 as of Feb 2021
Rounds: 7
Recent Fundings: Sep 2021   Feb 2021
Capital Raised: 992.4M
Last Round: 510.0M
Ownership: Private