Colin Walsh | Source | Co-Founder & Chief Executive Officer at Varo Money
Colin Walsh
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Varo Money (https://www.varomoney.com)
Co-Founder & Chief Executive Officer
started Nov 2015
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Varo Leads Customer-First Banking with Launch of No Fee Overdraft
SAN FRANCISCO, Aug. 27, 2019 /PRNewswire/ -- In a move to help millions of Americans have access to a fee-free safety net, mobile banking company Varo Money,...
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Mobile-only fintech makes play for (regular) bank charter
Varo Money, an app designed for people who want to bank exclusively on their cellphones, announced Tuesday that it has filed formal applications for a national bank charter.
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Challenger bank Varo, soon to become a real bank, raises $241M Series D – TechCrunch
Mobile banking startup Varo Money has raised an additional $241 million in Series D funding, the company announced today. The investment was co-led by new investor Gallatin Point Capital and existing investor The Rise Fund, co-founded by TPG. Also participating in the round were Bono (yes, that one…
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Financial institutions earned $34.5 billion from overdraft fees alone last year and the vast majority of overdraft fee revenue came from customers who can least afford it. Paying for a tank of gas to get to work could cost you a fee of $35 if you're running a few dollars short just before payday. We understand that having a safety net to pay bills and stretching a paycheck is important. We built a way for people to do that safely without having to tap credit cards.
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My hope after having spent so many years in the industry is that it really does start to move the bar and we see more focus on customer outcomes, helping solve consumer problems.
