We're building the bank account of the future.
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
|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