Varo Stock
| Valuation | $1.8B1 |
| Valuation Date | Mar 1, 2023 |
| Implied Valuation | n/a |
| Last Price | $0.77 |
| 52-Week High | $1.06 |
| 52-Week Low | $0.72 |
| YTD Return | -7.23% |
| 1-Year Return | -27.36% |
| 3-Year Return | n/a |
| Total Funding | $1.17B |
| Latest Round Amount | $123.9M2 |
| Latest Round | Series G |
| Funding Rounds | 9 |
| IPO Status | Unknown |
| Expected IPO Date | n/a |
| Revenue | n/a |
| Revenue Type | n/a |
| P/S Ratio | n/a |
About Varo
Varo is a nationally chartered digital bank that offers checking, savings, credit-building cards and small-dollar loans through a mobile app. It was the first consumer fintech to receive a U.S. national bank charter, so deposits are FDIC-insured with Varo Bank rather than a partner bank. Customers can get paid up to two days early, add cash at retail locations and use products such as Varo Advance, Varo Line of Credit and the Varo Believe secured credit card. Varo makes money from interchange on debit-card spending and from fees on cash advances and lines of credit.
Invest in Varo
Varo is a private company, so you can't purchase it with a regular brokerage account. However, its shares are available on Clarity (formerly Hiive).
Clarity is a secondary marketplace where accredited investors can buy and sell shares of private, pre-IPO companies. Invest in the world's most exciting startups before they go public.
Invest on ClarityStock Analysis may be compensated for user sign-ups through Clarity links. Clarity is not affiliated with Stock Analysis. Securities offered by Clarity Capital Limited, member of FINRA/SIPC.
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News
Varo Bank Expands Fee-Free In-Store Cash Add Capabilities Nationwide
Varo launched a fee-free cash-add pilot at more than 2,000 Kroger Family stores, using Green Dot barcodes so customers can deposit cash in the checkout lane.
Varo Bank appoints JPMorgan Chase veteran Sean Kelley as Chief Financial Officer as company advances path to profitability
Varo named former JPMorgan Chase executive Sean Kelley as CFO, reporting to CEO Gavin Michael as the bank focuses on profitable growth.
Varo raises $123.9M, adds 2 board members
Varo closed a $123.9 million Series G led by Warburg Pincus and Coliseum Capital and added Alice Milligan and Kevin Watters to its board.
Varo Bank Announces Growth Investment Led by Coliseum Capital Management
Varo Bank raised $123.9 million in a Series G growth round on February 2, 2026, led by Warburg Pincus and new investor Coliseum Capital Management, with additional participation from existing backers ...
Varo Bank to Accelerate Responsible and Customer-Focused AI Efforts with New Chief Artificial Intelligence Officer Asmau Ahmed
Varo hired Asmau Ahmed, formerly of Google, as its first chief artificial intelligence and data officer to lead company-wide machine-learning work.
Varo's new tech chief views responsible AI as differentiator
Former Expedia CTO Rathi Murthy, who joined Varo as chief technology officer in March 2025, outlined a responsible-AI plan for underwriting, fraud and personalization.
Varo to leverage AI, machine learning in profitability push
Incoming CEO Gavin Michael said Varo would use machine learning in underwriting, fraud prevention and the app as it tries to reach profitability.
After raising $1 billion, fintech Varo closes another $29 million, replaces founder CEO
An SEC filing showed Varo had closed $29 million of a planned Series G, and founder Colin Walsh said Gavin Michael would succeed him as CEO.
Varo CEO Colin Walsh taps Gavin Michael to succeed him
Founder Colin Walsh said he would step down as CEO and remain on the board, with former Bakkt chief Gavin Michael taking over.
Varo Bank Introduces Zero Fee Cash Deposits at Participating CVS Locations
New Collaboration with Green Dot Enables Cash Deposits at Over 7,500 CVS Pharmacy Locations AUSTIN, Texas and SAN FRANCISCO , Dec. 20, 2024 /PRNewswire/ -- Varo Bank , the first all-digital nationally...
Marqeta Signs Five-Year Deal with Varo Bank to Become Exclusive Issuer Processor in the US
OAKLAND, Calif.--(BUSINESS WIRE)--Marqeta (NASDAQ: MQ), the global modern card issuing platform that enables embedded finance solutions for the world's innovators, today announced it has signed a five...
Varo Bank Introduces Expanded Access to Credit and In-App Budgeting to Ease Financial Stress for Cash-Strapped Americans
Varo introduced a Line of Credit of up to $2,000 underwritten on Varo banking history, plus in-app Smart Bank Account spending insights.
Varo Bank Launches "SaveUp" Financial Education Course in Collaboration with EVERFI
Free Savings Curriculum to Reach 4,500 Middle Schools Nationwide SAN FRANCISCO , Sept. 15, 2022 /PRNewswire/ -- Varo Bank, the first all-digital, nationally chartered U.S. consumer techbank, announced...
Varo Bank raises massive $510M Series E at a $2.5B valuation as it eyes the public markets
Lone Pine Capital led a $510 million Series E that valued Varo at $2.5 billion, bringing total funding at the time to $992.4 million.
ADP, Best Buy, Self, Truist and Varo Join BlackRock's Emergency Savings Initiative
NEW YORK--(BUSINESS WIRE)--Today, BlackRock announced that ADP, Best Buy, Self, Truist and Varo have joined their philanthropic Emergency Savings Initiative (ESI) which increases access to low-cost, l...
Fintech Leader Varo Money Extends Partnership with Allpoint Network to Provide Surcharge-Free Cash Access for its Customers
One of Allpoint’s first fintech members, Varo continues to power surcharge-free cash access through membership in Allpoint Network One of Allpoint’s first fintech members, Varo continues to power surc...