Press

Find Out What People Are Saying About Varo

In The Press

Inside Varo Money's three-year quest for a bank charter

American Banker | May 1, 2019

Varo Money Builds A No-Fee, High Interest Paying Bank On New Technology

Forbes | April 29, 2019

Americans Aren't Saving. But Whose Fault Is It?

Forbes | April 23, 2019

Earn A Higher Yield In Minutes: Opening An Online Bank Account Is Getting Much Easier

Bankrate | April 23, 2019

Podcast: The inside story of America's first mobile-only bank

BAI Banking Strategies | April 10, 2019

The story behind Varo Money’s bank charter push

American Banker | March 26, 2019

Small banks you've never heard of are quietly enabling the tech takeover of the financial industry

CNBC | February 15, 2019

Eight Challenger Banks Traditional Institutions Should Worry About

The Financial Brand | February 6, 2019

The Banking Start-up Built For the Smartphone Era

Cheddar | December 12, 2018

How Fraudsters Surprised British Banks

American Banker | November 27, 2018

Banking 2028: What Banking Could Look Like In 10 Years

Forbes | November 14, 2018

Will Bay Area fintechs eat bankers' lunches?

San Francisco Business Times | October 25, 2018

Varo Banking Review: Checking, Savings

NerdWallet | September 19, 2018

Varo Mobile Banking Granted Preliminary Approval for Bank Charter

CNBC Television | September 10, 2018

Fintech Varo Money gets preliminary approval to start first mobile-only national bank

San Francisco Business Times | September 7, 2018

How online-only banks are borrowing from DTC retail strategies

DigiDay | September 7, 2018

What to keep in mind before switching to a mobile-first bank

Engadget | May 29, 2018

Quality of Life Tops In Chicago And Philadelphia

MediaPost | May 9, 2018

This is the mother of all financial advisers

Moneyish | May 5, 2018

Survey asks what San Franciscans enjoy most about their city

ABC | May 1, 2018

These millennial 'gold-diggers' aren't who you think

CNBC | April 25, 2018

Poll: Holiday gift spending will leave many in debt for months

USA Today | March 30, 2018

Here’s how long it will take Americans to pay off their Christmas debt

MarketWatch | March 30, 2018

These Personal Finance Apps Are Trying To Get You To Automate Adulthood

Buzzfeed | March 30, 2018

People are more uncomfortable talking about money than weight

New York Post | March 30, 2018

30% of Americans are 'constantly' stressed out about money—but you don't have to be

CNBC | March 30, 2018

10 New Year’s Money Resolutions for 2018

U.S. News & World Report | March 30, 2018

Mission-driven Varo Money secures $45 million from investors

American Banker | January 18, 2018

Varo Money raises $45 million for mobile banking without fees

TechCrunch | January 18, 2018

On Building A Faster Horse: Design Thinking For Disruption

Forbes | November 15, 2017

Mobile banking startup Varo Money has applied for a bank charter

TechCrunch | November 15, 2017

Varo Money, a provider of digital banking services, has applied for a national bank charter.

MSN | November 15, 2017

How to Get Ahead Without Ever Making a Budget

Huffington Post | November 15, 2017

Fintech Firm Backed by Warburg Pincus Files for Bank Charter

The Wall Street Journal | November 15, 2017

Rules Relax, Rates Rise and Some New Banks Start Up in the U.S.

Bloomberg | November 15, 2017

Varo News releases

Former OCC Executives Join Varo Money

Varo leadership expands as it builds banking systems designed to enhance customer financial health. SAN FRANCISCO – April 23, 2019 – Mobile banking startup Varo Money, Inc. today announced the addition of two former Office of the Comptroller of the Currency officials to the company’s leadership. Amy Friend has joined the Board of Directors. She … Continued

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Varo Appoints Philippa Girling as Chief Risk Officer

SAN FRANCISCO – April 4, 2019 – Mobile banking startup Varo Money, Inc. today announced the hire of Philippa Girling as Chief Risk Officer. Girling will lead Varo’s Credit and Operational Risk, Information Security, Compliance, BSA/AML, and Fraud teams. She is a seasoned bank executive with more than 20 years experience in the global financial … Continued

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New face on American currency? Millennials choose Harriet Tubman; dis Cardi B.

Varo Money survey marking Equal Pay Day suggests changes on U.S. paper money are overdue SAN FRANCISCO – April 2, 2019 The majority of millennials want new faces on at least some U.S. currency and more than half of them (and almost two-thirds of women) say they’d feel better about being an American if at … Continued

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New Survey from Varo Shows Americans Are Underfunded but Optimistic

SAN FRANCISCO – March 5, 2019 – New survey research from mobile banking company Varo Money found Americans are curiously optimistic about their futures, despite having little or no money saved. Emergency cash Across all age groups, 55% of respondents said they did not have $500 in cash for an emergency. Men are far more … Continued

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Varo Appoints Deep Varma as Chief Technology Officer

SAN FRANCISCO – February 26, 2019 – Mobile banking startup Varo Money, Inc. today announced the hire of Deep Varma as Chief Technology Officer. Varma will lead Varo’s product development engineering, data science and infrastructure, and security and technical operations teams. Varma comes to Varo with more than 20 years of Silicon Valley experience creating … Continued

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Varo Raises Annual Percentage Yield on Savings Account to Industry-Leading 2.80%¹

CEO Colin Walsh: “Banks should be doing more to help American consumers save.” SAN FRANCISCO – January 29, 2019 – In a move to make high-yield savings available to more Americans, no-fee mobile banking company Varo Money, Inc., announced today that it raised the Annual Percentage Yield (“APY”) on its FDIC-insured Varo Savings Account to … Continued

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Mobile Banking from Varo Now on Android

SAN FRANCISCO – January 1, 2019 – Mobile banking company Varo Money, Inc., which is on track to become the first mobile-centric national bank in U.S. history, has launched of its Android app, available in the Google Play store. The addition of Android makes Varo’s no-account fee* mobile banking services available to millions more Americans. … Continued

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Varo Appoints Mary Ann Miller as Head of Fraud Strategy

Mobile banking company brings on financial services fraud expert to help shape the company’s security infrastructure and strategy SAN FRANCISCO – September 24, 2018 – Mobile banking startup Varo Money, Inc. today announced the hire of Mary Ann Miller as Head of Fraud Strategy. Miller comes to Varo with a wealth of experience helping banks, … Continued

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Varo Money ‘State of the Uni’ Survey: 37% of College Grads Feel Degree Wasn’t Worth the Student Loan Debt

Survey also reveals that millennials are pragmatic: only 14% willing to be ‘starving artists,’ and 75% willing to ‘get a real job’ by age 40 if their dream career doesn’t pan out SAN FRANCISCO — September 13, 2018 — As students from coast to coast prepare for the fall semester, Varo Money, Inc., the all-mobile … Continued

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Varo Money, Banking Startup With a Social Mission, Makes History

Pending Final Approval, Varo Will Be the First All-Mobile National Bank in the History of the United States SAN FRANCISCO – Varo Money, Inc., the banking startup that aims to helps its customers get ahead financially, is on the way to becoming the first national all-mobile bank. The startup has been granted preliminary approval of … Continued

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Varo Money Granted Preliminary Approval for National Bank Charter

Digital Banking Startup Makes History and Changes Course of Banking as First Fintech to Receive Preliminary Approval for a National Bank Charter from the OCC SAN FRANCISCO – The organizers of Varo Bank, N.A. today announced they have been granted preliminary approval by the Office of the Comptroller of the Currency (OCC) of their application … Continued

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Varo Appoints Thibault Fulconis as Chief Financial Officer

Fulconis has extensive experience in financial management and joins Varo from the executive team of Bank of the West SAN FRANCISCO – August 21, 2018 – Mobile banking startup Varo Money, Inc. today announced the hire of Thibault Fulconis as Chief Financial Officer. Fulconis has extensive experience in financial management and joins Varo from the … Continued

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Varo Money Survey: More Men than Women Would Accept Dream Job Even if Paid Less than Someone of the Opposite Sex

SAN FRANCISCO (PRWEB) MAY 22, 2018 Mobile banking company Varo Money, Inc. has announced the results of their “Talk Money to Me” survey. The survey of more than 1,000 U.S. adults age 18+, conducted by Propeller Insights on behalf of Varo Money in March of 2018, revealed that money is not a major consideration for Americans when picking a … Continued

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Mom, CFP: New Varo Money Survey Reveals That When Americans Need Financial Advice, They Come to Mama

SAN FRANCISCO (PRWEB) MAY 09, 2018 Mobile banking company Varo Money, Inc. has announced the results of their “Mom: CFP” survey. The survey of more than 1,000 U.S. adults age 18+, conducted by Propeller Insights on behalf of Varo Money in March 2018, determined that Mom is the go-to financial advisor of many Americans and that many people … Continued

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Varo Money Survey: Of Five Major U.S. Cities, Philadelphia and Chicago Offer Best Quality of Life for the Cost

SAN FRANCISCO (PRWEB) May 03, 2018 Mobile banking company Varo Money, Inc. has announced the results of their #SwitchYourBank survey. The survey of more than 1,000 U.S. adults age 18+, conducted by Propeller Insights on behalf of Varo Money in April 2018, looked at what Americans most love about San Francisco, Los Angeles, Chicago, Philadelphia, and New York, … Continued

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Varo Money Helps Americans Improve Financial Health With High‑Yield Savings Accounts and SMS Alerts

SAN FRANCISCO—March 6, 2018— Mobile banking startup Varo Money, Inc. is demonstrating its commitment to help Americans build real savings with the launch of 1.25% annual percentage yield (APY) on their savings account*. The top 5 largest national banks offer 0.01-0.04%.** Varo is also announcing a new product feature, SMS Alerts, which make it easier … Continued

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Carl Gish Joins Varo Money as Chief Marketing Officer

Mobile banking startup Varo Money, Inc. today announced the hire of Carl Gish as Chief Marketing Officer. Gish is a marketing and general management executive with more than 20 years of experience across well-known, high-growth consumer brands and e-commerce businesses, including Amazon, Unilever, Dyson, eBay and Affirm. He will lead all aspects of the company’s branding and … Continued

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Varo ‘Love Is in the Air’ Study Finds Romantic Dinner a Better Bet Than Diamonds for Your Millennial Significant Other This Valentine’s Day

Just in time for Valentine’s Day, mobile banking startup Varo Money, Inc. has released their “Love Is in the Air” study. The study of more than 1,000 U.S. adults age 18+, conducted by Propeller Insights on behalf of Varo Money in December of 2017, determined that romance is a much higher priority for millennials than other American … Continued

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Varo Money Debuts ‘Money Diaries’

  SAN FRANCISCO (PRWEB) JANUARY 31, 2018 In tandem with the announcement of their Series B funding, Varo Money, Inc., a mobile banking startup, today debuted “Money Diaries,” a series of videos that looks at the lives and financial issues of the core demographic—ambitious, professional millennials—that Varo is serving. The series of short, documentary-style videos will explore … Continued

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Varo Money Closes $45M Series B Financing Round

SAN FRANCISCO–(BUSINESS WIRE)–Varo Money, Inc., a mobile banking startup, announced today that it has closed a $45M Series B funding round led by existing investor Warburg Pincus, a global private equity firm focused on growth investing, and The Rise Fund, a global impact fund led by private equity firm TPG. The Rise Fund is committed to … Continued

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Varo New Year’s Resolutions Survey: Americans Hoping to Save Money in 2018—but Not by Ditching Netflix

Varo Money, Inc., a mobile banking startup, has released the results of its New Year’s Resolutions Survey. The survey of over 1,000 U.S. adults conducted by Propeller Insights on behalf of Varo in November 2017 determined that many Americans will be paying for the holidays well into the new year, that streaming media services are … Continued

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Varo Bank, N.A. Applies for a National Bank Charter

  Varo Bank, N.A. pursues mission to begin new era of financial services innovation, making it easier and more affordable than ever before for consumers to manage their money.   San Francisco – July 25, 2017 Varo Money, Inc., a mobile banking startup helping customers solve financial problems, manage money and reach financial goals, today … Continued

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Innovators’ Spotlight: Varo Money

As many U.S. consumers struggle with financial health, established banks often don’t provide the personal tools and guidance needed to help customers improve their financial situations. Filling that unmet demand was the impetus for mobile banking app Varo Money. “Consumers continue to struggle building savings and we believe that most of the big established banks … Continued

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Varo Money Expands Offering: Announces New Product Features to Help Customers Understand Real Cash Flow Situation, Save More Money

SAN FRANCISCO–(BUSINESS WIRE)–Varo Money, Inc., a digital banking app for ambitious, responsible millennials who are hands-off with their money, today announced a significant expansion to its digital banking app: Varo Forecast, a tool to help customers understand their real cash flow situation and calibrate their spending. Varo has also expanded its core product offering to … Continued

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Varo Money Future of Banking Survey: More Than 195 Million Americans Would Like AI to Help Them Manage Their Money

Varo Money, Inc., a digital banking app for ambitious, responsible millennials who are hands-off with their money, today announced the release of its Future of Banking survey. The national survey, conducted online by Propeller Insights on behalf of Varo Money in August 2017 among more than 1,000 U.S. adults, discovered that Americans today—and especially millennials—are … Continued

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Varo Money Love & Money Survey: Millennials Are Saving Up and Settling Down

Varo Money, Inc., a digital banking app for ambitious, responsible millennials who are hands-off with their money, today announced the release of its Love & Money survey. The survey, fielded to hundreds of millennials, discovered that millennials are prioritizing travel, putting money in the bank and looking for Mr. or Ms. Right. Millennials in love … Continued

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Press Contacts

Caitlin Gribbons

Method Communications

cgribbons@methodcommunications.com

General inquiries

Varo Money

press@varomoney.com

Catherine New

Head of Communications and Content

cnew@varomoney.com

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