Varo is the first consumer fintech in U.S. history to be granted a national bank charter by the Office of the Comptroller of the Currency (OCC). Launched in 2017, Varo began as a neobank app before officially becoming Varo Bank, N.A. in 2020. The company's mission is to improve the financial well-being of its customers by providing accessible, premium banking services without the high fees typically associated with traditional banks. Varo offers core banking products, including checking and high-yield savings accounts, a credit-builder card, and cash advance services, all delivered through a mobile-first platform.

Founded in

United States