Varo
PrivateLast Round
Series G
Jan 31, 2025
Est. Valuation
$1.85B
Total Funding Raised
$1.07B
Momentum
Top 25%
of companies Caplight tracks
Company Overview
Varo is a fintech company that provides a digital banking platform offering services like no-fee bank accounts, savings products, and cash advances.
Sector
FinTech
Verticals
Digital Banking, Lending & Credit, Personal Finance, Digital Payments, Credit Scoring
Business Model
B2C
Customer Profile
Payment Processing Fee, Usage-Based SaaS, Freemium
AI Layer
Application
Keywords
Price History
Caplight MarketPrice™ estimate for Varo, published with a 90-day delay.
Caplight MarketPrice™
$1.70
per share, as of April 2026
-33.4%
2-year change
Caplight MarketPrice™ is an estimate of private secondary market pricing, shown here on a delayed basis for illustrative purposes only. It may be incomplete, is subject to change, and may not be relied upon for any purpose or considered investment advice.
Varo Comparables
Compare Varo with similar companies based on industry and business-model similarity.
Varo Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Series G | Jan 31, 2025 | ||||
| Growth Equity | Mar 5, 2023 | ||||
| Series E | Sep 9, 2021 | ||||
| Series D Extension | Feb 18, 2021 | ||||
| Series D | Jun 3, 2020 | ||||
Series C | Jul 16, 2019 |
Key People
Founding team and executive leadership
Varo Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Gallatin Point Capital | Series D Extension, Series E, Series D |
| Progressive Insurance | Series D |
| Noah Holdings | Series C |
| Gaingels | Series D Extension |
| Stack Capital Group | Series E |
| HarbourVest Partners | Series D, Series D Extension, Series E |
| Russell Westbrook Enterprises | Series D Extension |
Market signals
Structured signals derived from secondary market and firmographic data.
- Apr 6, 2026
Integration to enhance debit card engagement and cash back benefits.
- Apr 1, 2026
First consumer fintech to receive a national bank charter.
Varo Filings
SEC and related filings with document metadata.
| Typed | Date | Amount Offered | Amount Sold | Filling | Pages | Download |
|---|---|---|---|---|---|---|
Mock Valuation | Sign Up to view | Mock Valuation | Sign Up to view | Mock Valuation | Sign Up to view | Mock Valuation |
Mock Valuation | Sign Up to view | Mock Valuation | Sign Up to view | Mock Valuation | Sign Up to view | Mock Valuation |
Mock Valuation | Sign Up to view | Mock Valuation | Sign Up to view | Mock Valuation | Sign Up to view | Mock Valuation |
Mock Valuation | Sign Up to view | Mock Valuation | Sign Up to view | Mock Valuation | Sign Up to view | Mock Valuation |
Frequently Asked Questions
Common questions about Varo's valuation, stock price, and market status.