Varo Bank was founded by Colin Ward in 2015. Walsh worked in the banking industry for 25 years before deciding that he could create a better banking system.
Walsh believes there is a growing demand for platforms that can help younger consumers gain more agency in their financial journey. As Gen Z ages and begins to get serious about finances, Walsh said he has found that many people are looking for an alternative to traditional banking methods—one that can be managed through their phones.
Walsh raised a half billion in startup funding, which he says wasn’t easy.
Varo is an FDIC-insured bank, just like any other brick-and-mortar bank. Forbes gives Varo a rating of 4.7 stars out of a possible 5-star rating.
Fortune also gives Varo Bank high ratings.
In November 2022, Varo began offering Zelle, a money transfer service, in its mobile banking app.
Varo Bank maintains a corporate office in San Francisco, California.
Varo Bank was founded by Colin Ward in 2015. Walsh worked in the banking industry for 25 years before deciding that he could create a better banking system.
Walsh believes there is a growing demand for platforms that can help younger consumers gain more agency in their financial journey. As Gen Z ages and begins to get serious about finances, Walsh said he has found that many people are looking for an alternative to traditional banking methods—one that can be managed through their phones.
Walsh raised a half billion in startup funding, which he says wasn’t easy.
History
Varo is an FDIC-insured bank, just like any other brick-and-mortar bank. Forbes gives Varo a rating of 4.7 stars out of a possible 5-star rating.
Fortune also gives Varo Bank high ratings.
In November 2022, Varo began offering Zelle, a money transfer service, in its mobile banking app.
Varo Bank maintains a corporate office in San Francisco, California.
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