Varo Bank

28 results about this entity

Period: 18 Jan 2018 - 20 Feb 2025

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Varo closes on $29 million capital raise

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Varo closes on $29 million capital raise

US digital bank has closed on $29 million in funding as part of an investment round targeting a $55 million raise.

Varo picks Marqeta as issuer processor

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Varo picks Marqeta as issuer processor

American digital bank Varo has inked a five-year issuer processor deal with Marqeta.

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Varo adds line of credit product

Varo Bank, N.A., the first nationally-chartered consumer techbank in the U.S., today announced the introduction of two new products designed to help Americans relieve growing financial pressure.

Varo Bank launches no fee payments feature “Varo for Everyone”

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Varo Bank launches no fee payments feature “Varo for Everyone”

Varo Bank has announced a new free instant payments feature called Varo for Everyone that will allow those with a US debit card to make quick and easy money transfers.

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Varo Bank hires Sachin Shetty as CTO

Varo Bank, N.A., the first all-digital, nationally chartered consumer techbank in the U.S., today announced the appointment of Sachin Shetty as Chief Technology Officer and Lisa Violet as Senior Vice President, Strategic Partnerships.

Varo bank raising $50 million at 28% discount

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Varo bank raising $50 million at 28% discount

Varo, a US neobank with a national bank charter, is looking to raise $50 million in capital at a 28% discount on its last valuation.

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Varo Bank names Wook Chung chief product officer

Varo Bank, N.A., the first all-digital, nationally chartered consumer techbank in the U.S., announced the appointment of Wook Chung as Chief Product Officer.

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Varo adds Zelle access

Today, Varo Bank — the first all-digital, nationally-chartered U.S. consumer built from the ground up techbank — announced that it will offer Zelle® in its mobile banking app. Zelle® is a safe way to send and receive money with friends, family, and small businesses you trust.

Varo Bank’s proposal to reform the CRA champions financial inclusion

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Varo Bank’s proposal to reform the CRA champions financial inclusion

The Community Reinvestment Act (CRA) was created in order to ensure that the credit needs of lower income communities in the US were accommodated by local financial institutions. However, many financial firms are proposing a reform of this act to be more inclusive of low and moderate income communities.

Varo Bank cuts 75 jobs

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Varo Bank cuts 75 jobs

Varo Bank has become the latest fintech player to make job cuts, axing 75 positions as it looks to cut costs in the face of worsening economic conditions.

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Spencer Rascoff joins Varo Bank board

Varo Bank, N.A., the first all-digital, nationally chartered bank in the U.S., today announced the appointment of Spencer Rascoff, Co-Founder and former CEO of Zillow to Varo's Board of Directors.

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Varo names Jon Alferness chief product officer

Varo Bank, N.A., the first all-digital, nationally chartered bank in the U.S, today announced the appointment of Jon Alferness as its new Chief Product Officer.

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