About this raise: Varo Money, with a valuation of $1.3 billion, 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 $930,000. The campaign proceeds will be used for growth and expansion.
Investment Overview
Deal Terms
- Platform
- OurCrowd
- Start Date
- 01/01/2021
- Close Date
- 02/16/2021
$10,000
$930,000
$10,000
Equity - Common
RegD 506(c)
$1,300,000,000
Company & Team
Company
- Year Founded
- 2015
- Industry
- Financial & Insurance Products & Services
- Tech Sector
- Location
- San Francisco, California
- Company Website
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Team
Financials
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Company Funding & Growth
Funding history
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Revenue History
Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.
Valuation History
Price per Share History
Note: Share prices shown in earlier rounds may not be indicative of any stock splits.