Varo Overview
- Founded
-
2015

- Status
-
Private
- Employees
-
1,000

- Latest Deal Type
-
Series E
- Latest Deal Amount
-
$510M
- Investors
-
36
Varo General Information
Description
Developer of a financial platform intended to improve the mobile banking experience and provide banking services. The company's platform offers various services including financial insights and analysis of spending, real-time budgeting and predictive forecasts of cash flow, making a direct deposit, online bill payment, and also offers access to other financial applications, enabling users to make smart financial decisions and make progress.
Contact Information
Website
www.varomoney.com
Formerly Known As
Ascendit Holdings
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Primary Industry
Other Commercial Banks
Primary Office
- 100 Montgomery Street
- Suite 1201
- San Francisco, CA 94104
- United States
+1 (877) 000-0000
Varo Timeline
Varo Valuation & Funding
Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
---|---|---|---|---|---|---|
7. Later Stage VC (Series E) | 01-Sep-2021 | $510M | 00000 | 00.00 | Completed | Generating Revenue |
6. Later Stage VC (Series D1) | 17-Feb-2021 | 0000 | 00000 | Completed | Generating Revenue | |
5. Later Stage VC (Series D) | 04-May-2020 | 00000 | 00000 | 00000 | Completed | Generating Revenue |
4. Later Stage VC (Series C) | 16-Jul-2019 | 00000 | 00000 | 00000 | Completed | Generating Revenue |
3. Early Stage VC (Series B) | 18-Jan-2018 | 0000 | 000.00 | 00000 | Completed | Generating Revenue |
2. Early Stage VC | 08-Nov-2016 | $5.33M | $33.3M | Completed | Generating Revenue | |
1. Early Stage VC (Series A) | 02-May-2016 | $28M | $28M | 0000 | Completed | Generating Revenue |
Varo Cap Table
Stock | # of Shares Authorized |
Par Value | Dividend Rate (%) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
---|---|---|---|---|---|---|---|---|
Series D1 | 00,000,000 | 00.000000 | 00.00 | 00.00 | 00 | 00.00 | 00.00 | |
Series D2 | 0,000,000 | 00.000000 | 00.00 | 00.00 | 00 | 00.00 | 00 | |
Series C2 | 00,000,000 | 00.000000 | 00.00 | 00.00 | 00 | 00.00 | 00 | |
Series C1 | 00,000,000 | 00.000000 | 00.00 | 00.00 | 00 | 00.00 | 00.000 | |
Series B2 | 0,000,000 | 00.000000 | 00 | 00 | 00 | 00 | 00 | |
Series B1 | 00,000,000 | 00.000000 | 00 | 00 | 00 | 00 | 00.000 | |
Series A2 | 3,300,000 | $0.000010 | $5.2 | $5.2 | 1x | $1.04 | 10.99% | |
Series A1 | 4,000,000 | $0.000010 | $3.46 | $3.46 | 1x | $0.69 | 13.32% |
Varo Comparisons
Description
Primary
Industry
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last Financing Details
Developer of a financial platform intended to improve the mobile banking experience and provide banking services. The co
Other Commercial Banks
San Francisco, CA
1,000
As of 2022
00000
0.00
0000-00-00
00000000000
00000
Varo Competitors (22)
Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
---|---|---|---|---|---|---|
N26 | Venture Capital-Backed | Berlin, Germany | 0000 | 00.000 | 00000000000 | 00.000 |
00000 | Venture Capital-Backed | London, United Kingdom | 0000 | 00.00 | 0000000000 0 | 00.00 |
0000000 | Venture Capital-Backed | New York, NY | 000 | 00000 | 00000000000 | 00000 |
0000 000000000 | Corporate Backed or Acquired | Detroit, MI | 00000 | 00.000 | 000000000 | 00.000 |
000000 | Venture Capital-Backed | London, United Kingdom | 000 | 00000 | 0000000000 0 | 00000 |
Varo Executive Team (27)
Varo Board Members (12)
Name | Representing | Role | Since |
---|---|---|---|
Amy Friend | Varo | Board Member | 000 0000 |
Cary Davis | Warburg Pincus | Board Member | 000 0000 |
Caryl Athanasiu | Self | Board Member | 000 0000 |
Colin Walsh | Varo | Co-Founder, Chief Executive Officer & Board Member | 000 0000 |
David Coulter | Warburg Pincus | Board Member | 000 0000 |
Varo Signals
Varo Investors (36)
Investor Name | Investor Type | Holding | Investor Since | Participating Rounds | Contact Info |
---|---|---|---|---|---|
75 & Sunny | Venture Capital | Minority | 000 0000 | 000000 0 | |
Berkshire Partners | PE/Buyout | Minority | 000 0000 | 000000 0 | |
Declaration Partners | Family Office | Minority | 000 0000 | 000000 0 | |
Eldridge (Greenwich) | Holding Company | Minority | 000 0000 | 000000 0 | |
Evolution VC Partners | Venture Capital | Minority | 000 0000 | 000000 0 |