We're building the bank account of the future.
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Varo’s purpose
For most traditional banks, banking used to be a relationship business–but the industry has changed. Customers need help to get ahead financially, and technology can enable more personalized help for more people.
Fintech apps are trying to disrupt the traditional financial services model, but they only offer single-point solutions.
Varo is built to improve customers’ financial health. We envision a world where every customer consistently spends less than they earn, gradually saves up a 3-month emergency fund in cash, steadily improves their credit profile, and plans ahead for insurance risks and big life events.
By integrating basic banking products (deposits, savings, and lending) with financial health tools (cash flow projections, spend tracking, and smart alerts), we’re reimagining what banking can be. This combination of integrated financial solutions and proprietary technology makes us the first entrant to truly challenge the existing banking model. We’re bringing relationships back to banking for everyone.
All-in-one mobile banking
Varo checks all the boxes
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| A full financial picture through account aggregation |  |
| Bank account and interest-bearing savings accounts | |
| Direct deposit, Bill Pay and debit card functionality | |
| Customer-friendly fee structure | |
| Competitively-priced credit products | |
| Financial health-centered alerts & notifications | |
| Automated goals and spend tracking | |
| Cash flow projections to help customers spend less than they earn | |
This information was based on product offerings cited on the websites of these financial institutions: Bank of America, Chase Bank, Wells Fargo, Simple, Chime, Lending Club, Earnest, Capital One, and Ally
Varo leadership
Colin Walsh
Co-Founder, CEO
Kolya Klymenko
Co-Founder, CTO
John Vars
CPO
Carl Gish
CMO
Beth Gilson
VP Finance
Marc Loewenthal
Chief Compliance Officer
Marina Gracias
General Counsel
Wesley Wright
COO
Jaime Jerusalmi
VP Marketplace
Our team comes from great companies in tech and finance
Varo can disrupt big banks and build a more cost-effective and consumer-friendly platform that appeals to Millennials
[Varo’s] mission revolves around helping customers improve their financial situation
Varo’s aim is to provide a suite of app-based tools for customers’ financial health
Varo Money is an app that could replace a traditional bank account
Varo is a no-fee, all-in-one banking solution aimed at millennials… if you’ve lost your free account, ‘come to Varo, you’re welcome here
Varo’s machine-learned algorithms detect customer’s income and expenses, and then predict outcomes over the near-term future — linked to a system of notifications, recommendations and tracking
