Varo Money was founded in 2015 by Assaf Guery, Colin Walsh, Mykola Klymenko, and Roger Duinen. In 2021, CEO Walsh told reporters that going IPO is "definitely on the roadmap for us as I think there's a ton of value we can create as a public company when the time is right."

Varo is a fintech company that began as a mobile banking platform, becoming in 2020 the first U.S. digital bank to be granted a national banking charter. This means that while Varo has no physical branches, the company is subject to federal regulation and is insured by the FDIC. The company has raised more than $900 million in venture capital funding from investors including Lone Pine Capital, Warburg Pincus, Tribe-V, The Rise Fund, and Gallatin Point Capital. A 2021 funding round raised $510 million in fresh capital, increasing the company's valuation to $2.5 billion.

These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.

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What is Varo's ticker symbol?

Varo does not currently have an official ticker symbol because this company is still private. Register today to connect with our Private Market Specialists and learn more about new pre-IPO investment opportunities.

What is Varo's stock price?

The stock price for Varo will be known as it becomes public. Here are similar public companies: Paypal (NAS: PYPL), Robinhood (NAS: HOOD), E-Trade (NAS: ETFC), Tradeweb (NAS: TW).

Who are Varo's major investors?

Sand Hill Angels
Raptor Group
Eldridge
HarbourVest Partners
TPG
Next Play Ventures
Evolution VC Partners
Declaration Partners
Stack Capital Group
Berkshire Partners
Calm Ventures

Learn more about Varo

When was Varo founded?

Varo was founded in 2015.

Can you invest in Varo?

Varo is a privately held company and is not publicly traded on NYSE or NASDAQ in the U.S. To buy pre-IPO shares of a private company, you need to be an accredited investor. Learn more about how to invest in the private market or register today to get started.

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Is Varo a publicly traded company?

Varo is a private company and not publicly traded.

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