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 their passions and how their relationship with money shapes their life decisions.
“We wanted to create content that was additive and differentiated from the plethora of financial advice that’s already out there,” said Emily Brauer Gill, Director of Brand & Communications at Varo Money. “At Varo, we are extremely motivated by our mission of improving consumer financial health, and the first step is to start talking about money. Everyone needs it, and almost everyone struggles with it. ‘Money Diaries’ is a way to start the conversation. What’s fascinating is how closely money is connected to values and goals. How people approach managing their money tells you a lot about what they value and how they want to live their lives.”
Telling the story of a generation
The series will launch with short episodes about Bella Livingstone, a pastry chef who has created the life she wants to live with little help from anyone. Next up is Candy Washington, a social influencer (@candywashington), blogger, aspiring actress and novelist, hustling to make things happen in West Hollywood.
“‘Money Diaries’ is an expression of Varo’s commitment to telling the stories of real people following their passions and trying to make an impact on the world,” added Gill. “As we expand this series, ‘Money Diaries’ will tell the story of a generation and how their approach to money exposes who they are and what matters most to them.”
The series will debut with Bella’s story on Varo’s YouTube channel on January 31, 2018, and new episodes will be released twice a month.
Transforming banking and financial health
Varo is using mobile technology to change the future of banking by offering customers a frictionless bank account on their phone that aims to help them get ahead financially. These personalized financial solutions integrate banking, saving, and lending products with tools to help customers smooth cash flow and build savings—all from their phones.
Varo’s digital model eliminates the unfriendly fees that traditional banks often charge, such as overdraft fees, minimum balance fees and foreign transaction fees. In addition, Varo does not charge ATM fees at a network of over 55,000 Allpoint ATMs worldwide.
About Varo Money
Varo Money, Inc. (“Varo”), is changing the future of banking with their mobile app: a frictionless bank account offered through The Bancorp Bank that also helps customers do more with their money. Varo is building a mobile banking experience that helps customers cover their expenses, pay their bills and build their wealth over time — so they can stop worrying about money and go live their lives. Unlike traditional banks or other fintech apps, Varo offers a complete solution with integrated deposit, budgeting, savings and lending products that aim to help customers bank with ease and achieve better financial outcomes. There’s no reason for a bank branch on every corner anymore: all that customers need is an iPhone to bank seamlessly. Based in San Francisco and privately held, Varo has raised $78M to date, led by Warburg Pincus. Varo Bank Accounts are provided by The Bancorp Bank, and deposits are FDIC-insured up to $250,000 through The Bancorp Bank. Varo Personal Loan and Varo Backup Line offered by Varo Money, Inc. under state licenses, subject to application approval. For more information, please visit http://www.varomoney.com and follow Varo on Facebook @varomoney or Twitter @varomoney.