Varo

Varo has raised $1.02 billion across multiple funding rounds, including a $29 million Series G round in February 2025, backed by major investors such as Warburg Pincus, The Rise Fund, and Lone Pine Capital. Headquartered in San Francisco, Varo has reached a valuation of $2.5 billion (as of September 2021). The neobank offers mobile-first savings, checking, and transfer services designed for inclusivity and accessibility. With over 800 employees, Varo continues to expand its footprint in the fintech landscape, blending technology, affordability, and customer empowerment.