🙌 Exciting news! Tim Hopper, our Senior Staff Software Engineer on the Machine Learning team, will be sharing his expertise at #fintechdevcon this year in a session titled "How to use streaming machine learning for real-time data." Tim's session will demonstrate how Varo uses its streaming machine learning feature platform to deliver real-time data and solutions, aiding our customers in their financial progress. At Varo, we are dedicated to integrating data and machine learning throughout our products and consumer experiences. His talk will spotlight the innovative methods we employ to address these challenges and enhance our services. We’re incredibly proud to have Tim representing us at this must-attend conference for developers and engineers. His insights will undoubtedly be invaluable for anyone involved in fintech. Get your tickets to Fintech Devcon here: https://lnkd.in/gyaG-PmQ #VaroBank #FintechDevcon #MachineLearning #RealTimeData #FinancialTechnology #Innovation
Varo Bank
Banking
San Francisco, California 30,263 followers
We're on a mission to bring financial inclusion and opportunity to all.
About us
Varo is an entirely new kind of bank. All digital, mission driven, FDIC insured and designed for the way our customers live their lives. We’re working toward our mission with a team that uniquely and strategically combines banking veterans with technology experts. The banking experts provide decades of industry experience, and the tech experts can build a mobile app that offers everyone access to premium banking, including quicker access to your money, high-yield savings, and automatic saving tools. Varo has raised over $992.4m to date, from leading institutional investors and strategic partners including Warburg Pincus, The Rise Fund, Gallatin Point Capital, Harbourvest Partners, Progressive Insurance, Russell Westbrook Enterprises, and Lone Pine Capital. Varo. Varo. A bank for all of us.
- Website
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https://www.varomoney.com
External link for Varo Bank
- Industry
- Banking
- Company size
- 501-1,000 employees
- Headquarters
- San Francisco, California
- Type
- Privately Held
- Founded
- 2015
- Specialties
- Mobile Banking, User Interface, Financial Services, Risk Management, Design Research, Customer Experience, Digital Banking, Financial Inclusion, FDIC Insured, Bank, OCC Chartered Bank, and Secure
Locations
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Primary
San Francisco, California 94104, US
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Draper, Utah 84020, US
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Charlotte , North Carolina 28202, US
Employees at Varo Bank
Updates
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🎉 Celebrating 4 Years as a Techbank! 🏦💻 Today marks a special milestone for Varo - the 4th anniversary of becoming the first consumer fintech in U.S. history to obtain a national bank charter. In these four years, we've: • Pioneered the techbank model, combining innovative tech with regulated banking • Expanded our services to offer higher savings rates, diverse lending options, and direct payment networks • Ensured FDIC insurance for all our customers' deposits • Launched game-changing products like Varo to Anyone, Smart Ledger, and Varo Line of Credit As the fintech landscape evolves, our charter is more crucial than ever. It allows us to control our regulatory destiny and innovate rapidly to meet our customers' needs. We're proud to lead the way in creating financial inclusion and opportunity for all. Here's to many more years of breaking barriers and redefining banking! #VaroBank #Techbank #FinancialInclusion #BankingInnovation #FinTech
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We did it again! 🚀 Varo has landed a spot on CNBC’s The World’s Top Fintech Companies 2024—for the second year in a row! Being listed is a testament to our relentless commitment to transforming banking for everyday Americans. As our CEO, Colin Walsh, puts it: “Our inclusion in CNBC's list underscores Varo’s dedication to providing secure, innovative banking solutions. As the first tech bank with a national charter, we blend rigorous regulatory standards with cutting-edge technology to give our customers peace of mind and innovative tools for managing their money.” From expanding Varo Advance limits to $500, to rolling out features like free tax filing via Column Tax and Smart Ledger spending insights—all integrated within the Varo Bank app—we’re not just keeping up, we’re setting the bar for what a modern bank should be. Here’s to our incredible team and amazing customers who make achievements like these possible! 🌟 To learn more about our next-level banking, watch our latest product video showcasing all the innovative Varo products in one place: https://lnkd.in/gvUmUDGu #VaroBank #Fintech #Innovation #BankingRevolution #CNBCTopFintech
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We are thrilled to announce that our Chief Product Officer, Wook Chung, has been recognized as a top product leader by the prestigious annual CPO Awards, hosted by Products That Count, Capgemini, and Mighty Capital. Wook's visionary leadership has been instrumental in the Varo product team's remarkable achievements, including groundbreaking features like the Varo Line of Credit, an unsecured line of credit up to $2,000. This product is critical for our customers when they need a financial cushion for life's unexpected events, helping them feel more in control of their finances. Find out more about this exciting award at https://lnkd.in/eFZBfFSt #2024cpoawards #CPO #VaroBank #financialinclusion #banking #abankforallofus
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In collaboration with Morning Consult, our latest Wealth Watch Insights report sheds light on the impact of inflation on financially conscious consumers, revealing significant financial challenges amidst rising costs. Survey data has uncovered the following key points: • 89% of respondents are turning to credit cards for daily expenses due to inflation-induced strain. • Women are struggling more with bill payments, as 58% report challenges compared to 49% of men. • Gen Z is increasingly relying on credit cards, signaling financial burdens among the younger generation. Our CEO, Colin Walsh, emphasizes the crucial need for empowering financial products and services to help individuals navigate these economic challenges effectively. Walsh stresses the importance of understanding spending habits, credit, and leveraging high-interest savings. Explore the full report for comprehensive insights below: #Inflation #Credit #GenZ #FinTechNews #FinancialInsights
New Research from Varo Bank: Inflation Leads to 89% of Consumers Using Credit Cards for Essentials
prnewswire.com
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🚀 Exciting News! 🚀 We’re thrilled to unveil our latest offerings designed to ease financial burdens and empower Americans to take control of their finances. Introducing Varo Line of Credit, currently on a waitlist, and Smart Bank Account features! Varo Line of Credit will provide customers with the ability to borrow between $600 and $2,000 for unexpected expenses, along with transparent pricing and no hidden fees. Also recently launched, our Smart Bank Account features offer real-time spending insights, empowering users to track and manage their finances effortlessly. Together, these innovative additions underscore our commitment to helping Americans alleviate financial stress and improve their financial well-being. Stay tuned for more updates coming in Q2 2024! For more information, read the full press release here. #VaroBank #FintechNews #SmartBanking #VaroLineofCredit
Varo Bank Introduces Expanded Access to Credit and In-App Budgeting to Ease Financial Stress for Cash-Strapped Americans
finance.yahoo.com
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This week, Varo's Women@Varo Employee Resource Group hosted a dynamic event for International Women’s Day 2024 across multiple Varo sites, centered on #InspireInclusion. The event featured prominent female leaders in a fireside chat, showcasing Board Member, Caryl Athanasiu, in a conversation moderated by Chief People Officer, May O'Neal, SHRM-SCP, SPHR, and a compelling keynote speech by Monica Stevens of Spencer Stuart. The event was designed to spark dialogue on fostering inclusion among colleagues and championing women's empowerment to collectively forge a more inclusive world. Special acknowledgments to Marina Gracias, Varo’s General Counsel and our Women@Varo ERG Executive Sponsor, Amie Seymour, Varo’s Chief Operational Risk Officer and our IWD Chair, and site leaders Isabel Magdaleno, Alexa Hubert, and Alissa Friedman (Mroz), along with Dave Urrutia, for their contributions to this important discussion, along with closing remarks and unwavering support from our CEO, Colin Walsh! _________________ Click through for photos of the day, capturing our IWD celebration that unified all our People hubs in San Francisco, CA, Charlotte, NC, and SLC, UT, along with remote team members. #IWD2024 #FosteringInclusion #VaroLeadership #Fintechnews
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"With a lot of determination and conviction around the problems we're solving, we've come a really long way; probably further than many others that have attempted in this space." Our CEO, Colin Walsh, spoke to Jody Bhagat on Personetics' "Banking on Innovation" podcast to provide insights into how his journey working at legacy institutions informed him of changes the banking industry desperately needed before creating Varo Bank, addressing those needs with services like free tax filing and innovating lending products and "a future where financial confidence and stronger cash flow are accessible to all." 🎧 Check it out! #MobileBanking #Banking #Taxes #Podcast #Lending
Banking on Innovation: Episode 16 Colin Walsh, Founder & CEO of Varo Bank on Apple Podcasts
podcasts.apple.com
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Join us this Wednesday, March 6th from 11:30 am -12:00 pm PST for a Fireside Chat showcasing Varo Bank at the Montgomery Summit with our Founder and CEO, Colin Walsh, alongside Spencer Rascoff, Varo Board Member and Co-Founder & General Partner of 75 & Sunny Ventures. See you there! -------- The Montgomery Summit is a premier tech conference in Santa Monica, drawing elite entrepreneurs, investors, and executives who explore the latest in business and tech innovations. #MontgomerySummit #TechInnovation #ExclusiveAccess 🚀
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"One of the things we like to think about as we’re designing our products is, 'How do we be very central to customers' financial lives, that we can be able to provide solutions for all of those critical jobs to be done that are happening in our customers' lives every single day, and make it completely seamless for them?'" The Full Ratchet Podcast host Nate Pierotti spoke to our CEO, Colin Walsh, about his origins in the banking industry before founding Varo Bank, how the legacy industry is built for the haves instead of the have-nots, statistics from the Varo Wealth Watch Insights survey, and more. Take a listen below. ⬇️ #TechBank #Banking #Fintech #ABankForAllOfUs
419. Scaling Varo to $1B+, The Future of Banking, & Why the Biggest Opportunity in Fintech is Financial Inclusion (Colin Walsh) - The Full Ratchet
https://fullratchet.net