Challenger Mobile Bank on a Mission to Improve Financial Health

We're building the bank account of the future.
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Varo’s purpose

Banking used to be a relationship business–but the industry has changed. At Varo, our goal is to bring that relationship back to banking. Our mission is to improve customers’ financial lives. We envision a world where every customer has the tools they need to get ahead financially, and technology that enables more personalized help for more people.

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.

All-in-one mobile banking

Varo checks all the boxes

	Traditional banks	Specialty Banks	Fintech banking apps	Specialized lenders
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