Varo Bank: Funding, Investors & Team (Sep 2026)
Varo Money is driven by a mission to redefine banking so it’s easy for everyone to make smart choices with their money. In one mobile app, Varo offers customers no-cost premium bank accounts and high-interest savings accounts offered through The Bancorp Bank, and tech-first features to help people manage their money more easily. The company was founded in 2015 and is headquartered in San Francisco, California.
Varo Bank has raised $510M across 1 funding round on record, the most recent a Series E of $510M announced in Sep 2021.
That round is above the $4.3M median round size for Apps companies tracked on FundedIQ over the last two years.
Varo Bank Company Profile and Key Stats
Latest funding round on record: Sep 2021.
Varo Bank Funding Rounds
Varo Bank Founders and Leadership Team
Contact details for the Varo Bank team: 1 of 1 has an email address on file.
Start 14-day free trial →Varo Bank Funding Compared to Other Apps Startups
Varo Bank's latest round of $510M is above the median round in Apps. Medians cover the last 24 months of disclosed rounds.
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Varo Bank Funding FAQs
What does Varo Bank do?
Varo Money is driven by a mission to redefine banking so it’s easy for everyone to make smart choices with their money. In one mobile app, Varo offers customers no-cost premium bank accounts and high-interest savings accounts offered through The Bancorp Bank, and tech-first features to help people manage their money more easily. The company was founded in 2015 and is headquartered in San Francisco, California.
How much funding has Varo Bank raised?
Varo Bank has raised $510M across 1 round on record. The most recent is a Series E of $510M announced in Sep 2021.
When did Varo Bank last raise funding?
Varo Bank's most recent funding round on record is a Series E of $510M, announced in Sep 2021.
Who is the CEO of Varo Bank?
Bernadette Stewart is listed as CEO at Varo Bank.
Where is Varo Bank headquartered?
Varo Bank is based in San Francisco, California, United States.
How many employees does Varo Bank have?
Varo Bank is in the 501-1000 employee band.
How does Varo Bank's funding compare to other Apps startups?
Varo Bank's latest round of $510M is above the $4.3M median round size for Apps companies on FundedIQ across 2,426 tracked companies over the last two years.
About FundedIQ's Varo Bank Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Varo Bank is left off this page rather than filled in.
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