Varo Bank
PrivateLast Round
Series G
Jan 31, 2025
Est. Valuation
$1.85B
Total Funding Raised
$1.12B
Momentum
Top 50%
of companies Caplight tracks
Company Overview
Varo Bank 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, Personal Finance, Lending & Credit, Digital Payments
Business Model
B2C
Customer Profile
Payment Processing Fee, Usage-Based SaaS
AI Layer
Application
Keywords
Price History
Caplight MarketPrice™ estimate for Varo Bank, published with a 90-day delay.
Caplight MarketPrice™
$1.63
per share, as of May 2026
-36.0%
2-year change
The most recent months of MarketPrice™ are available to Caplight clients.
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 Bank Comparables
Compare Varo Bank with similar companies based on industry and business-model similarity.
| Company | Similarity | Market Cap |
|---|---|---|
| Current | 96% | |
| Chime | 90% | |
| Dave | 84% |
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Varo Bank Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Series G | Jan 31, 2025 | ||||
| Growth Equity | Mar 5, 2023 | ||||
| Series F | Feb 1, 2023 | ||||
| Series E | Sep 9, 2021 | ||||
| Series D Extension | Feb 18, 2021 | ||||
Series D | Jun 3, 2020 |
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Key People
Founding team and executive leadership
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Varo Bank 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 |
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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.
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Recent news
Latest coverage and updates
- partners_withOct 15, 2026
Varo Money, Inc. partners with Kroger Co. to make fee-free cash deposits permanent at more than 2,000 Kroger Family of Stores locations in United States on Oct 15th '26.
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Varo Bank Filings
Explore SEC and related filing metadata, where available.
| Type | Date | Amount Offered | Amount Sold | Filing | Pages | Download |
|---|
Filing documents are not displayed on this public page. Request access to learn about available coverage.
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Frequently Asked Questions
Common questions about Varo Bank's valuation, stock price, and market status.
Is Varo Bank a public or private company?
Varo Bank is a private company.
What is the current stock price of Varo Bank?
Varo Bank is a private company, so its shares have no public market price. Caplight tracks Varo Bank's secondary market activity and provides MarketPrice™ estimates of its share price to Caplight users.
How much is Varo Bank worth (valuation)?
Varo Bank's valuation is estimated at $1.9B based on funding round data.
Can I buy Varo Bank stock?
Varo Bank shares may be available on secondary markets subject to transfer restrictions. Caplight facilitates secondary market transactions for accredited investors.
When was Varo Bank's last funding round?
Varo Bank's most recent funding round was Series G on January 31, 2025.
Who are the main investors in Varo Bank?
Key investors in Varo Bank include Gallatin Point Capital, Russell Westbrook Enterprises, Lone Pine Capital, Warburg Pincus, TPG.
Will Varo Bank IPO soon?
No public IPO plans have been announced for Varo Bank.
How can I track Varo Bank secondary market activity?
Caplight tracks bids, offers, and trades in Varo Bank's shares on secondary markets.