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Varo Money

Varo Money
2015 FOUNDED
PRIVATE STATUS
201-300 EMPLOYEES
Series D1 LATEST DEAL TYPE
$37.8M LATEST DEAL AMOUNT
4 INVESTORS
Description

Developer of a financial platform intended to redefine banking and help everyone to make smart choices with their money. The company designs and offers a mobile platform used for banking purposes, including financial insights and analysis of spending, real-time budgeting along with providing a debit card, savings and lending products, thus providing users access to other financial applications via an in-app marketplace as well as checking and savings accounts, direct deposit, online bill payment, a debit card, predictive forecasts of cash flow, a line of credit and an unsecured loan through its app.

Formerly Known As
Ascendit Holdings
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Primary Industry
Financial Software
Other Industries
Social/Platform Software
Primary Office
  • 222 Kearny Street, 9th Floor
  • San Francisco, CA 94108
  • United States

+1 (800) 000-0000
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Varo Money Valuation and Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
5. Later Stage VC (Series D1) 03-Jan-2020 $37.8M 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
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Varo Money 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 0.000
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 14.46%
Series A1 4,000,000 $0.000010 $3.46 $3.46 1x $0.69 17.53%
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Varo Money Competitors (16)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Wealthfront Venture Capital-Backed Redwood City, CA 000 00000 00000000000 00000
0000000 00000 Formerly VC-backed New York, NY 00 000.00 000000&0 000.00
00000 (000000000 0 Venture Capital-Backed San Francisco, CA 000 00000 00000000000 00000
0000 (00000000 000 Corporation Seattle, WA
0000000000 Venture Capital-Backed New York, NY 000 00000 00000000000 00000
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Varo Money Investors (4)

Investor Name Investor Type Holding Investor Since Participating Rounds Board
Seat
Contact
Info
Gopher Asset Management Limited Partner Minority 000 0000 000000 0
TPG Growth PE/Buyout Minority 000 0000 000000 0
The Rise Fund Impact Investing Minority 000 0000 000000 0
Warburg Pincus PE/Buyout Minority 000 0000 000000 0

Varo Money Executive Team (18)

Name Title Board
Seat
Contact
Info
Colin Walsh Co-Founder, Chief Executive Officer & Board Member
Thibault Fulconis Chief Financial Officer
Wesley Wright Chief Operating Officer
Deven Bhatt Chief Information Security Officer
Carl Gish Chief Marketing Officer

6 Former Executives

You’re viewing 5 of 18 executives. Get the full list »

Varo Money Board Members (9)

Name Representing Role Since Contact
Info
Amy Friend Varo Money Board Member 000 0000
Cary Davis Warburg Pincus Board Member 000 0000
Caryl Athanasiu Self Board Member 000 0000
Colin Walsh Varo Money 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 »