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Varo News releases

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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Press Contacts

Emily Brauer Gill

Director of Brand & Communications

Kasia Mikoluk

Head of Growth

General inquiries

Varo Money

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