Varo
PrivateLast Round
Series G
Jan 31, 2025
Est. Valuation
$1.85B
Total Funding Raised
$1.07B
Momentum
Top 50%
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™
$1.63
per share, as of May 2026
-36.0%
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.
Recent news
Latest coverage and updates
- partners_withAug 7, 2026
Varo Money, Inc. partners with Green Dot Corporation.
- launchesAug 5, 2026
Varo Money, Inc. launched fee-free digital cash add capabilities for Varo on Aug 5th '26.
- recognized_asAug 5, 2026
Varo Money, Inc. recognized as World's Top Fintech Companies, one of Forbes' World's Best Banks, and on Jul 1st '26.
Varo 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.
Request accessFrequently Asked Questions
Common questions about Varo's valuation, stock price, and market status.
Is Varo a public or private company?
Varo is a private company.
What is the current stock price of Varo?
Varo is a private company with no public stock price. No recent secondary market data is available.
How much is Varo worth (valuation)?
Varo's valuation is estimated at $1.9B based on funding round data.
Can I buy Varo stock?
Varo shares may be available on secondary markets subject to transfer restrictions. Caplight facilitates secondary market transactions for accredited investors. Visit https://www.caplight.com to learn more.
When was Varo's last funding round?
Varo's most recent funding round was Series G on March 5, 2023.
Who are the main investors in Varo?
Key investors in Varo include Gallatin Point Capital, Russell Westbrook Enterprises, Lone Pine Capital, Warburg Pincus, TPG.
Will Varo IPO soon?
No public IPO plans have been announced for Varo.
How can I track Varo secondary market activity?
Caplight tracks bids, offers, and trades for private companies. Visit https://www.caplight.com to monitor Varo's secondary market activity and sign up for updates.