Varo Bank appoints JPMorgan Chase veteran Sean Kelley as Chief Financial Officer as company advances path to profitability

Kelley’s tech-finance expertise caps off a year of elite C-suite talent expansion aimed at scaling Varo’s independent national bank charter model

SAN FRANCISCO, CA, July 21, 2026 – Varo Bank, the first all-digital nationally chartered bank in the U.S., today announced the appointment of Sean Kelley as Chief Financial Officer. Reporting directly to CEO Gavin Michael, Kelley will drive profitable and efficient growth and serve as a key advisor to the CEO and Board of Directors.

A banking veteran, Kelley joins Varo following a distinguished career spanning more than two decades at JPMorgan Chase. During his tenure, he held several pivotal roles including CFO and COO of Chase Product and Technology, and CFO of Home Lending. He also served as the CFO of Chase Consumer Banking, Business Banking, and Wealth Management. Beyond finance, Kelley was also the Chief Marketing Officer for Chase Card Services, where he spearheaded customer acquisition, marketing strategy, and pricing.

“I've spent my career helping build businesses at one of the world's largest financial institutions. What drew me to Varo was the chance to redefine banking for their customer base,” said Sean Kelley. “They've built something unique with a national bank charter and a digital-first model, providing them with structural advantages over banking and fintech competitors. Varo can deliver more value to their customer base of everyday Americans, while also achieving profitable scale. I am thrilled to partner with Gavin and this exceptional team to continue building a business that can grow for the long term."

“When we set out to find Varo’s next CFO, we were looking for a leader with deep banking expertise, strategic judgment, and operating discipline at scale,” said Gavin Michael, CEO of Varo Bank. “Sean brings that experience to Varo at an important moment as we continue to build a durable, profitable bank that helps millions of everyday Americans strengthen their financial resilience.”

Kelley’s appointment builds on a series of senior leadership additions over the past year that have strengthened Varo’s technology, AI, and operating capabilities as the company continues to focus on durable, profitable growth.

Prior to his tenure at JPMorgan Chase, Kelley was a consultant at McKinsey & Co. and a mergers and acquisition professional.

About Varo Bank

Varo Bank is the first nationally chartered consumer tech bank in the U.S., built from the ground up specifically for the millions of everyday Americans who want to make more progress and do more with their money. From credit building to savings to faster payments, Varo has a complete solution to help everyday Americans make progress in their financial lives. Varo combines the capabilities and nimbleness of a technology company with the security and oversight of a regulated financial institution, enabling agile product design that provides technology-first solutions. Varo has been named as one of the Inc. 5000 2025 fastest growth companies in the U.S., CNBC's 2023-2025 list of the World's Top Fintech Companies, one of Forbes' World's Best Banks, and Fast Company's Most Innovative Companies. For more information on Varo Advance, Varo Believe, visit www.varomoney.com, follow us on Instagram, X, and LinkedIn @varobank. ©2026 Varo Bank, N.A. Member FDIC.

Media Contact

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