Varo Bank

Varo Bank
Company typePrivate
Industry
Founded2015; 9 years ago (2015) in San Francisco, United States
FounderColin Walsh
Headquarters
Salt Lake City, Utah
,
U.S.
Area served
United States
Key people
  • Colin Walsh (founder, CEO)
  • Pepe Porrata (COO)
  • Thibault Fulconis (CFO)
  • Sachin Shetty (CTO)
Number of employees
700[1] (2021)
ParentVaro Money
Capital ratio62.7% (2021)[2] Tier 1
Websitevaromoney.com

Varo Bank is an American neobank headquartered in Salt Lake City, Utah. Formally launched in 2017, Varo is the first neobank to receive a national bank charter from the Office of the Comptroller of the Currency. The company is led by founder and chief executive officer Colin Walsh.

  1. ^ Lang, Hannah (September 9, 2021). "Digital-only bank with ties to NBA star is expanding to Charlotte. Here's what we know". The Charlotte Observer. Retrieved July 12, 2024.
  2. ^ Wack, Kevin (May 17, 2021). "Varo 'on track' to be profitable by 2023 even as losses pile up". American Banker. Retrieved July 12, 2024.