Varo Money
formerly VaroVaro - No Hidden Fees. High-Yield Savings. Credit Building.
San Francisco, United States · Founded 2015 · $1.2B raised
- Headquarters
- San Francisco, California
- Employees
- 201–500
- Founded
- 2015
- Business Model
- B2C
- Website
- varomoney.com
- Total Funding
- $1.2B
- Last Round
- $123.9M Series G+Feb 2026
- Rounds
- 10
About
Varo Bank is the first fintech company to receive a national bank charter in the United States, offering a fully digital banking experience with no hidden fees. Founded in 2015 by Colin Walsh, Varo provides FDIC-insured checking and high-yield savings accounts, cash advances (Varo Advance), a secured credit-builder card (Varo Believe), and a personal line of credit—all through a mobile app. Varo's mission is to advance financial inclusion and economic opportunity for everyday Americans.
Summary
Varo Money is a Financial Services company based in San Francisco, United States, founded in 2015. It has raised $1.2B in total across 10 rounds, most recently a $123.9M Series G+ round in Feb 2026. Investors include Warburg Pincus, Lone Pine Capital and Coliseum Capital Management.
Tech & App Stack
8 technologies & apps tracked
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Funding History
Feb 2026
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Full funding history, per-round amounts, and investor participation.
Investors
Warburg Pincus
6 rounds
Lone Pine Capital
2 rounds
Coliseum Capital Management
1 round
Russell Westbrook Enterprises
1 round
Gallatin Point Capital
1 round
Gopher Asset Management
1 round
The Rise Fund
3 rounds
Northview
1 round
Eldridge Industries
1 round
Marshall Wace
1 round
Berkshire Partners
1 round
BlackRock
1 round
Declaration Partners
1 round
Stack Capital
1 round
CE Innovation Fund
1 round
HarbourVest Partners
1 round
Progressive Insurance
1 round
Jeff Skoll
1 round
Bono
1 round
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