Varo Money is a fintech company that offers no-cost premium bank accounts and high-interest savings accounts through its mobile app, aiming to redefine banking for everyone to make smart choices with their money.

Assaf Guery

Colin Walsh

Mykola Klymenko

Roger Van Duinen

Varo Money

Davu offers an all-in-one AI product platform that simplifies the integration of AI into business processes.

Davu

Affirm is a financial technology company that provides point-of-sale financing and consumer credit solutions. Self-described as enabling consumers to make flexible payment options while shopping online.

Affirm

Varo is an entirely new kind of bank. All digital, mission driven, FDIC insured and designed for the way our customers live their lives.

We’re working toward our mission with a team that uniquely and strategically combines banking veterans with technology experts. The banking experts provide decades of industry experience, and the tech experts can build a mobile app that offers everyone access to premium banking, including quicker access to your money, high-yield savings, and automatic saving tools. 

Varo has raised over $992.4m to date, from leading institutional investors and strategic partners including Warburg Pincus, The Rise Fund, Gallatin Point Capital, Harbourvest Partners, Progressive Insurance, Russell Westbrook Enterprises, and Lone Pine Capital. Varo. 

Varo. A bank for all of us. 

Varo Bank

🎉 Big update! 🎉 

We’re proud to bring our first ever tax filing solution to the Varo app with Column Tax—and it's 100% free! This solution enables our customers to easily file taxes , maximize their refund, and take advantage of all Varo has to offer when they get their refund up to 5 days early. 

Visit varomoney.com/taxes or read more about it in our press release:

#TaxSeason #FreeTaxPrep #TechBank #VaroBank

"One of the things we like to think about as we’re designing our products is, 'How do we be very central to customers' financial lives, that we can be able to provide solutions for all of those critical jobs to be done that are happening in our customers' lives every single day, and make it completely seamless for them?'"

The Full Ratchet Podcast host Nate Pierotti spoke to our CEO, Colin Walsh, about his origins in the banking industry before founding Varo Bank, how the legacy industry is built for the haves instead of the have-nots, statistics from the Varo Wealth Watch Insights survey, and more.

Take a listen below. ⬇️

#TechBank #Banking #Fintech #ABankForAllOfUs 

To wrap up the year, a group of Varonians recently took part in a Junior Achievement USA event at Kimball Elementary School in Antioch, CA. The event covered financial literacy, career readiness, and entrepreneurship—important topics that aren’t usually a part of students’ everyday curriculum. 

The volunteers taught lessons to a class of engaged young students who were excited to discuss money concepts in an interactive way.

Thank you to Junior Achievement for organizing this valuable program and to the Varo team who volunteered their time! By introducing these concepts early, it will benefit the students for years. 

 #FinancialEducation #JuniorAchievement #VaroBank 


Proud of how far our customers have come in 2023. Pumped to see how far they’ll go in 2024. Here’s a look at our year by the numbers.


Data based on an internal review in Jan 2023 - Nov 2023 of Varo customer activity. 

*This savings outlines competitors who charge a monthly fee vs Varo’s $0 monthly fee.  

#VaroBank #TechBank #FintechNews #Wrapped #BankingInnovation

Our new $500 Varo Advance limit is here and making headlines. This increase gives our customers the ability to take out an advance without going into costly debt. As the first tech bank, we'll continue innovating and launching new products designed to empower our customers. 

Check out the article highlighting one of the ways we're working to improve financial lives.

#VaroBank #financialinclusion #banking #abankforallofus #techbank #paychecktopaycheck

Please join us in congratulating Corey Carlisle, AFC®, Head of Public Policy & Impact, for being recognized by Jump$tart Coalition for Personal Financial Literacy!
 
Jump$tart recently created a new award, the Corey Carlisle Public Policy Award, honoring Corey's decade of championing financial education legislation and advocacy through his leadership as Jump$tart Board Chair. Named in his honor, this award will celebrate teachers who champion financial literacy beyond the classroom each year.

The inaugural recipient is Barbara Angelicola-Manzolli of Lewis S. Mills High School in Burlington, Connecticut. Her testimony, speaking engagements, and volunteer work on students' behalf embody the award's spirit of mobilizing change.

Congratulations, Corey and Barbara, on this well-deserved award! 

#VaroBank #FinancialEducation #AdvocacyInAction #ThankYouTeachers

Metric
Company Name	Varo Money	Davu	Affirm
Symbol
MSH ID	COM:VAROMONEY	AI:DAVU	COM:AFFFIRM
Market	PRIVATE	PRIVATE	PRIVATE
Sector	Financial Services & Finance	Technology	Financial Services & Finance
Industry	Financial Services & Finance	Software & IT Services	Financial Technology
Country	US	US	US
Stage	Venture Round	Pre Seed
Employee Count	540
Website	varomoney.com	davu.ai	afffirm.com
LinkedIn	varobank	davu-ai
Founders

Metric
Market Cap
Enterprise Value
Monthly Web Traffic	1.09M	60.21K	22.24M
Web Traffic Growth	0.25	-0.22	0.12
Valuation
Raised Capital	50M	500K

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COM:VAROMONEY

Varo Money

Company Overview

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