# Varo Bank: Apps, Draper, United States

> Varo Bank: Varo is a digital bank that offers innovative, premium banking services wrapped in inclusive design. Based in Draper, United States. Founded 2015.

Source: https://millionrounds.com/startup/varo-bank (Millionrounds; every figure on the page links to its filing or article)

United States · [Apps startup](https://millionrounds.com/companies)

# Varo Bank

Varo is a digital bank that offers innovative, premium banking services wrapped in inclusive design.

Funding reported Last round: Undisclosed round

Apps Draper, United States

Company summary

- **Founded:** 2015 11 years old
- **Team:** 501 201 to 1,000 people
- **Funding reported:** $1.0B in dollars
- **Last round:** Undisclosed round Feb 2023

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for Varo Bank has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## What company datasets say Varo Bank raised

Funding, as reported

Reported in all **$1.0B** in dollars

Rounds **9**

Last round **Undisclosed round**

Last round date **Feb 2023**

Investors listed **27**

Valuation **$2.5B, Mar 2026**

## On 11 portfolio pages

Investors who name them

- [Catalpa Ventures Family Office](https://millionrounds.com/fund/catalpa-ventures-family-office)
- [75 & Sunny](https://millionrounds.com/fund/75-and-sunny)
- [Ripple Capital](https://millionrounds.com/fund/ripple-capital)
- [Scalable Ventures](https://millionrounds.com/fund/scalable-ventures)
- [RM Venture Partners](https://millionrounds.com/fund/rm-venture-partners)
- [Slaine Holdings](https://millionrounds.com/fund/slaine-holdings)
- [Jump Ventures](https://millionrounds.com/fund/jump-ventures)
- [Walker Street Capital](https://millionrounds.com/fund/walker-street-capital)
- [LaurelCrest Partners](https://millionrounds.com/fund/laurelcrest-partners)
- [Stack Capital](https://millionrounds.com/fund/stack-capital)
- [InvestX Capital](https://millionrounds.com/fund/investx-capital)

Each firm lists Varo Bank on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

## Apps in United States

Startups like it

- [**Bobidi** Los Gatos · founded 2021](https://millionrounds.com/startup/bobidi)
- [**Snap** Venice · founded 2013](https://millionrounds.com/startup/snap-5)
- [**Stash** New York City · founded 2015](https://millionrounds.com/startup/stash-2)
- [**Chewy** Plantation · founded 2017](https://millionrounds.com/startup/chewy)
- [**Blink Health, LLC** New York · founded 2014](https://millionrounds.com/startup/blink-health-llc)
- [**Fab** New York · founded 2009](https://millionrounds.com/startup/fab)
- [**Cleerly** New York City · founded 2017](https://millionrounds.com/startup/cleerly-2)
- [**EnFin** Irvine](https://millionrounds.com/startup/enfin)

## Is this your company?

Add your raise, your deck and your story, and put Varo Bank in front of investors. Or tell us what we have wrong.

[List your startup](https://millionrounds.com/list-your-startup)[Send a correction](https://millionrounds.com/corrections)