Varo Overview

  • Year Founded
  • 2015

Year Founded

  • Status
  • Private

  • Employees
  • 538

Employees

  • Latest Deal Type
  • 2ndary - Private

  • Investors
  • 50

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, and online bill payment, and also offers access to other financial applications, enabling users to make smart financial decisions and progress.

Contact Information

Formerly Known As
Ascendit Holdings
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Primary Industry
Other Commercial Banks
Other Industries
Financial Software
Corporate Office
  • 222 Kearny Street
  • Suite 9
  • San Francisco, CA 94108
  • United States
+1 (877) 000-0000

Varo Timeline

2021202220232024
Financing RoundCaptured Employee CountEstimated Employee Growth

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Varo Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
9. Secondary Transaction - Private 00.000 Completed Generating Revenue
8. Later Stage VC 01-Mar-2023 0000 00.000 00.000 Completed Generating Revenue
7. Later Stage VC (Series E) 03-Sep-2021 00000 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 C1) 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 the mobile banking experience and provide banking services. The co
Other Commercial Banks
San Francisco, CA
538 As of 2024
00.000
000000 - 000 00.000

000

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00000 0000000000 000
Berlin, Germany
0000 As of 0000
00.000
000 0000-00-00
000000 - 000

000000

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00000 0000000000 000
New York, NY
000 As of 0000
00000
00.00 0000-00-00
00000000000 00000
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Varo Competitors (24)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
N26 Venture Capital-Backed Berlin, Germany 0000 00.000 000000 - 000
Current Venture Capital-Backed New York, NY 000 00000 00000000000 00000
Wealthfront Venture Capital-Backed Palo Alto, CA 000 00000 00000000000 00000
FutureAdvisor Formerly VC-backed San Francisco, CA 00 000.00 000000&0
Chime (Financial Software) Venture Capital-Backed San Francisco, CA 0000 00.000 00000000 00.000
You’re viewing 5 of 24 competitors. Get the full list »

Varo Executive Team (32)

Name Title Board Seat Contact Info
Colin Walsh Co-Founder & Chief Executive Officer
Thibault Fulconis Chief Financial Officer
Pepe Porrata Chief Operations Officer
Sachin Shetty Chief Technology Officer
Raktim Mitra Chief Lending Officer
You’re viewing 5 of 32 executive team members. Get the full list »

Varo Board Members (11)

Name Representing Role Since
Amy Friend Varo Board Member 000 0000
Cary Davis Warburg Pincus Board Member 000 0000
Caryl Athanasiu Self Chairman of Audit & Risk Committee and Compensation Committee & Board Member 000 0000
David Coulter Warburg Pincus Board Member 000 0000
Karen White Varo Board Member 000 0000
You’re viewing 5 of 11 board members. Get the full list »

Varo Signals

Growth Rate

0.80% Weekly
Growth
Weekly Growth 0.80%, 93rd %
-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 (50)

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info
Acuity Partners Secondary Buyer 000 0000 000000 0
CE Innovation Capital Venture Capital Minority 000 0000 000000 0
Ebridge Ventures PE/Buyout Majority 000 0000 000000 0
Kwanza Jones & José E. Feliciano Supercharged Initiative Impact Investing Minority 000 0000 000000 0
SV Pacific Ventures Family Office Minority 000 0000 000000 0
You’re viewing 5 of 50 investors. Get the full list »

Varo FAQs

  • When was Varo founded?

    Varo was founded in 2015.

  • Who is the founder of Varo?

    Colin Walsh, Mykola Klymenko, Roger Van Duinen, and Assaf Guery are the founders of Varo.

  • Who is the CEO of Varo?

    Colin Walsh is the CEO of Varo.

  • Where is Varo headquartered?

    Varo is headquartered in San Francisco, CA.

  • What is the size of Varo?

    Varo has 538 total employees.

  • What industry is Varo in?

    Varo’s primary industry is Other Commercial Banks.

  • Is Varo a private or public company?

    Varo is a Private company.

  • What is Varo’s current revenue?

    The current revenue for Varo is 00000.

  • How much funding has Varo raised over time?

    Varo has raised $1.04B.

  • Who are Varo’s investors?

    Acuity Partners, CE Innovation Capital, Ebridge Ventures, Kwanza Jones & José E. Feliciano Supercharged Initiative, and SV Pacific Ventures are 5 of 50 investors who have invested in Varo.

  • Who are Varo’s competitors?

    N26, Current, Wealthfront, FutureAdvisor, and Chime (Financial Software) are some of the 24 competitors of Varo.

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