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.
Website
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 |
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% |
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 |
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)
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 |