Press

Find Out What People Are Saying About Varo

In The Press

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

CNBC | February 15, 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

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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Press Contacts

Zach Allen

Method Communications

zachary@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