FinTech Magazine July 2024 | Page 33

TOP 10 VARO BANK REVENUE : US $ 101M FY2022 EMPLOYEES : 1000 CEO : COLIN WALSH FOUNDED : 2015

TOP 10 VARO BANK REVENUE : US $ 101M FY2022 EMPLOYEES : 1000 CEO : COLIN WALSH FOUNDED : 2015

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Walsh CEO , Varo Bank
Based in San Francisco , Varo Bank is a leading digital bank on the US West Coast offering personalised banking services with financial inclusion at its heart . Combining a unique employee base of seasoned financial veterans with technologists , Varo Bank has piqued the interest of numerous venture capitalists since its 2015 establishment , including Gallatin Point Capital , Harbourvest Partners , Lone Pine Capital , Progressive Insurance , Russell Westbrook Enterprises , The Rise Fund and Warburg Pincus . The bank prides itself on delivering rapid access to cash , high-yield savings options and automated savings tools .
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