Varo Overview

  • Founded
  • 2015
Founded
  • Status
  • Private
  • Employees
  • 374
Employees
  • Latest Deal Type
  • Later Stage VC
  • Latest Deal Amount
  • $63M
Latest Deal Amount
  • Investors
  • 13

Varo General Information

Description

Developer of a financial platform intended to improve mobile banking experience. 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
Financial Software
Other Industries
Application Software
Other Financial Services
Primary Office
  • 77 Geary Street
  • Suite 515
  • San Francisco, CA 94109
  • United States
+1 (800) 000-0000

Varo Timeline

2018201920202021
Financing RoundCaptured Employee CountEstimated Employee Growth
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Varo Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
6. Later Stage VC 18-Feb-2021 $63M 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
To view Varo’s complete valuation and funding history, request access »

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%
To view Varo’s complete cap table history, request access »

Varo Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last Financing Details
Developer of a financial platform intended to improve mobile banking experience. The company's platform offers various s
Financial Software
San Francisco, CA
374 As of 2021
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000000000 00000000
San Francisco, CA
000 As of 0000
00.000
00.00 0000-00-00
00000000000 00.000

0000

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000000000 00000000
Barcelona, Spain
00 As of 0000
000.00
00000000000 000.00
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Varo Competitors (17)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Chime Venture Capital-Backed San Francisco, CA 000 00.000 00000000000 00.000
0000 Venture Capital-Backed Barcelona, Spain 00 000.00 00000000000 000.00
000000 Venture Capital-Backed Irvine, CA 000 00000 00000000000 00000
000000 Venture Capital-Backed San Francisco, CA 000 00000 00000000000 00000
00000000 0000000, Formerly VC-backed Redwood City, CA 000 00000 000000&0 00000
You’re viewing 5 of 17 competitors. Get the full list »

Varo Executive Team (21)

Name Title Board Seat Contact Info
Colin Walsh Co-Founder, Chief Executive Officer & Board Member
Thibault Fulconis Chief Financial Officer
Deep Varma Chief Technology Officer
Carolyn Feinstein Chief Marketing Officer
Philippa Girling Chief Risk Officer
You’re viewing 5 of 21 executive team members. Get the full list »

Varo Board Members (9)

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
You’re viewing 5 of 9 board members. Get the full list »

Varo Signals

Growth Rate

0.80% Weekly
Growth
Weekly Growth 0.80%, 93rd %ile
-35.5%. 530%

Size Multiple

219x Median
Size Multiple 219x, 100th %ile
0.00x 0.95x. 413Kx

Key Data Points

Twitter Followers

5.5k

Similarweb Unique Visitors

15.0K

Majestic Referring Domains

314

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Varo Investors (13)

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info
Russell Westbrook Enterprises Corporation Minority 000 0000 000000 0
Gaingels Syndicate Venture Capital Minority 000 0000 000000 0
Gallatin Point Capital PE/Buyout Minority 000 0000 000000 0
HarbourVest Partners PE/Buyout Minority 000 0000 000000 0
Jeffrey Skoll Angel (individual) Minority 000 0000 000000 0
You’re viewing 5 of 13 investors. Get the full list »

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