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Varo News releases
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
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
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
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
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
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 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
