Overview
Platform
OurCrowd
Start Date
02/19/2020
Close Date
06/06/2020
Min. Goal
$10,000
Max. Goal
$3,360,000
Min. Investment
$10,000
Security Type
Equity - Common
SEC Filing Type
RegD 506(c)
Pre-Money Valuation
$450,000,000
Year Founded
2015
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Location
San Francisco, California
Varo Money, with a valuation of $450 million, is raising funds on OurCrowd through Reg D 506(c) raise. The company is developing and delivering an excellent banking experience for the new generation. The banking system of Varo Money works for everyone with no monthly fees, no minimum balances, no overdraft fees, and no credit checks. Varo Money enables users to take control of their money, get more with direct deposit, and get multiple cashback. Colin Walsh founded Varo Money in 2015. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $3,360,000. The campaign proceeds will be used for growth and expansion.
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Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Varo Money | 08/23/2021 | OurCrowd | $2,000,000,000 | - | Equity - Common | Funded | RegD 506(c) |
| Varo Money | 02/16/2021 | OurCrowd | $1,300,000,000 | - | Equity - Common | Funded | RegD 506(c) |
| Varo Money | 06/06/2020 | OurCrowd | $450,000,000 | - | Equity - Common | Funded | RegD 506(c) |
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