Digital banking is changing the way we think about banking – and Varo is leading the charge! 🙌 We’re thrilled to see Varo 💜 named one of the Top 10 Neobanks globally by FinTech Magazine. This recognition highlights Varo’s leading work as one of America’s most consumer-friendly tech banks. Varo continues to champion financial inclusion by offering a full suite of financial services, including free online banking* and high-yield savings with one of the nation’s highest Annual Percentage Yields (APY). *Loans and optional services have fees. Quals Apply. Learn more at www.varomoney.com https://lnkd.in/eETg9JhM
Varo Bank
Banking
San Francisco, California 65,023 followers
We're on a mission to bring financial inclusion and opportunity to all.
About us
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.
- Website
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https://www.varomoney.com
External link for Varo Bank
- Industry
- Banking
- Company size
- 501-1,000 employees
- Headquarters
- San Francisco, California
- Type
- Privately Held
- Founded
- 2015
- Specialties
- Mobile Banking, User Interface, Financial Services, Risk Management, Design Research, Customer Experience, Digital Banking, Financial Inclusion, FDIC Insured, Bank, OCC Chartered Bank, and Secure
Locations
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Primary
Get directions
San Francisco, California 94104, US
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Get directions
Draper, Utah 84020, US
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Get directions
Charlotte , North Carolina 28202, US
Employees at Varo Bank
Updates
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At Varo, we believe consumer trust is crucial and a foundational element of a strong business. We’re proud to be featured in Consumer Reports’ “Fairness by Design Playbook.” Our Chief Experience Officer, Daniel Randolph, shares how we’re listening to our customers to refine and enhance features based on their feedback. We’re using AI to identify, triage, and fix critical customer pain points to make their experience with money easier, safer, and faster. This playbook from Consumer Reports is a must-read for anyone who wants a clear roadmap for how companies can build products that are fair, transparent, and user-centric. Find out more via: https://lnkd.in/e3MBfimS
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Our own Das (Prasanth) Mohandas, Chief Lending Officer and General Manager, recently joined a PYMNTS conversation to discuss decoding consumer attitudes and how Varo is engaging with consumers in this credit economy. Here are key takeaways that Das shared: • Consumers are more debt-conscious and value simplicity. Our data shows that customers with lower credit are more precise with their budgeting, and often are looking for a simplified financial solution that helps them manage specific transactions than dealing with bulk of debt. • Cash flow underwriting can help a new generation of borrowers. Varo uses a cash flow underwriting approach, which allows us to identify creditworthy customers who might be overlooked by traditional credit scoring models. • First-party data is crucial for personalized offers. Varo uses traditional and cash flow data to understand customer financial habits, enabling more tailored guidance and product options. Watch the full conversation below to learn more.
🎥 PYMNTS ON AIR is live with i2c Inc.'s David Durovy, Clearview Federal Credit Union's Wendy Smith - MBA, CCUE and Varo Bank's Das (Prasanth) Mohandas! Consumers are divided into two camps: planners who map every purchase for rewards or liquidity, and impulse spenders who swipe reactively. Issuers who understand these diverging behaviors first will seize the advantage. Hear from these leading voices in payments as they share how processors and issuers are tailoring products and engagement strategies to capture both sides of the credit economy.
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💜 👏 Congrats to Riva Bobrowsky for being recognized among Women We Admire’s Top 25 Chief Procurement Officers of 2025. These leaders are shaping the future of supply chain operations and business performance through strategic sourcing, innovation, and dedication. Truly inspiring! #leadership #womenleaders #varobank
The Top 25 Chief Procurement Officers of 2025 Women We Admire is pleased to announce The Top 25 Chief Procurement Officers of 2025. Procurement leaders today are at the center of business strategy, managing supplier networks, advancing digital procurement systems, and embedding sustainability into sourcing decisions. Rhonda England(Deloitte), Melanie Temkin (Cognizant), Barbara Kubicki (Wells Fargo), Jessica Gudmundsen Churchill (Bank of America), Jennifer Browne (Salesforce), Jennifer Shomenta (Maki) (Cargill), Sally Macaluso(GE Healthcare), Julia Velichko (Bunge), Linsey Rosenlund (Zebra Technologies), Bobbi Hageman (City of Cincinnati), Leisel Hickey (Sonic Healthcare), Riva Bobrowsky (Varo Bank), and Lisa Bowling (RELX Group). Nominate a woman leader at https://lnkd.in/gr_guaPH Sign up for free email newsletter at https://lnkd.in/gFsjdj4 #leadership #womenleadership #CPOs #procurement https://lnkd.in/g9SjQxSu
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We’re thrilled to announce Asmau A. has joined Varo Bank as our first-ever Chief AI and Data Officer, reporting directly to CEO Gavin Michael. A pioneer in the field, Asmau brings over two decades of experience from Google, Bank of America, and Capital One to our team. Her leadership will be key as we double down on our mission to build an AI-first bank, using advanced machine learning to responsibly expand financial services and empower our customers. Welcome, Asmau! 💜 https://lnkd.in/grDqs6hM
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💜🏆 Varo Bank made CNBC’s list of the World’s Top Fintech Companies for 2025 – for a third year in a row! This recognition is a testament to our unwavering commitment to transform banking for everyday Americans. Cheers to our incredible team and amazing customers who make these achievements possible! To learn more about our next-level banking, go to www.varomoney.com.
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We’re committed to building a more inclusive financial system—one where equity, access, and belonging are at the core of how we serve our customers and grow together. As we look ahead to Juneteenth tomorrow, we reflect on the legacy of delayed freedom, the enduring strength of the Black community, and the importance of continuing the work toward racial equity. Varovians, we’re grateful for the passion and commitment you bring to our culture. It helps shape the future we’re building together. We encourage everyone to take a moment to consider how each of us can contribute to advancing equity both inside Varo and beyond.
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At Varo, our values aren’t just words — they’re the foundation of everything we do. From Respect and Customer First to Stay Curious, Take Ownership, and Make It Better, these principles guide us as we build a better banking experience for all. We recently hosted our Varo Violet Awards, a special moment to recognize the team members who truly embody these values. 🎉 This year, over a dozen incredible individuals were celebrated for the impact they make every day — for our customers, for their teammates, and for our culture. Huge congratulations to all of the honorees! 👏 We’ll be spotlighting some of their stories later this year, so stay tuned. Here’s to living our values and building something better, together. 💜 #VaroValues #VaroVioletAwards
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We’re excited about what’s ahead with Rathi Murthy as our Chief Technology Officer. In her recent interview with Banking Dive’s Rajashree Chakravarty, Rathi talks about the importance of responsible AI innovation, delivering genuine customer value, and building technology that serves a purpose. With decades of experience leading transformative tech at companies like Expedia, Verizon, and American Express, Rathi brings bold thinking and deep technical expertise to our mission of bringing financial inclusion and opportunity to everyday Americans. From advancing our AI capabilities to building next-gen digital experiences on a modern tech stack that we fully own and operate, Rathi’s leadership is already helping Varo scale smarter, faster, and more inclusively. https://lnkd.in/gZi7jZX9 #leadership #fintech #CTO #VaroBank #bankinginnovation #digitalbanking #AI #techleadership #financialinclusion #womenintech
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Exciting discussion yesterday on the PYMNTS panel, How Gen Z Is Rewriting Retail Banking's Rules featuring our CEO, Gavin Michael. A key takeaway from Gavin, "Gen Z isn’t just digital-first—they’re digital-native. And that’s exactly why Varo was built as a digital-only national bank, not retrofitted from a traditional one. Gen Z consumers want fast, flexible access to money—on their terms. We’re built to show up wherever they are. Our belief is this: Gen Z’s expectations are driving the future of banking and Varo is already here. It’s better banking that benefits everyone." It's clear digital-native customers are shaping the future of finance. Gen Z doesn’t want legacy credit products with fine print. They want products that fit into their lifestyle and support their goals, with tools that help them smooth their cash flow, avoid hidden fees, and build healthy financial habits that lasts. At Varo, we believe that fast, flexible, and transparent financial products that are aligned with our customer’s lifestyle just makes sense. As an all-digital bank, nationally-chartered bank, Varo is there to meet these needs because we believe in better banking for everyone. #GenZ #Banking #Fintech #Innovation #DigitalBanking #Varo https://lnkd.in/dHtxdAf2
Neobanks Pressure-Test Gen Z Strategies With Traditional Banks to Win Crucial Market Share
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