SAN FRANCISCO,
July 19,
2024 /PRNewswire/ -- Varo Bank, the first
nationally chartered consumer tech bank in the U.S., announces it
has been recognized by CNBC in its The World's Top Fintech
Companies 2024 report. This is the second time Varo Bank has earned
this honor under the Neobanking category, being named to the
inaugural list in 2023.
Presented by CNBC, a team of analysts from Statista carried out
research into KPIs for more than 2,000 eligible companies between
March and May 2024. Companies that
made the Top 250 list were spread across the categories of
Neobanking, Alternate Finance, Banking Solutions, Business Process
Solutions, Digital Assets, Financial Planning, Payments, and Wealth
Technology.
"Making CNBC's list of the World's Top Fintech Companies
demonstrates our commitment to helping everyday Americans access
innovative and secure banking options," said Colin Walsh, CEO of Varo Bank. "As a fintech
with a bank charter, or 'techbank,' Varo provides the regulatory
framework that ensures customers have peace of mind knowing where
their money is located and that it is secure, while also benefiting
from our constant push for technology innovation."
Varo Bank's mission is to create a better bank for everyday
Americans. In the past year, in addition to launching Varo to
Anyone and increasing the Varo Advance limit to $500, the company announced free integrated
features within the Varo Bank app, including nationwide free tax
filing services via Column Tax and Smart Ledger intuitive account
spending insights.
About Varo Bank, N.A.
Varo Bank is a new kind of bank
- the first nationally chartered consumer tech bank in the U.S.,
built from the ground up with a focus on the needs of Americans
striving to get ahead. From credit building to savings to faster
payments, Varo has a complete solution to help everyday Americans
make progress in their financial lives. Varo combines the
capabilities and nimbleness of a technology company with the
security and oversight of a regulated financial institution,
enabling agile product design that provides technology-first
solutions such as Varo Believe, a secured card to help build
credit; Varo Advance, to help stretch hard-earned dollars between
paychecks; and a high-yield savings account, offering one of the
nation's highest APYs. Varo has been named as one of the Inc. 5000
2023 fastest growth companies in the U.S., CNBC's 2023 list of the
World's Top Fintech Companies, one of Forbes' World's Best Banks,
and Fast Company's Most Innovative Companies. For more information
on Varo Advance, Varo Believe, and other offerings such as Perks,
visit www.varomoney.com, like Varo Bank on Facebook, and follow us
on Instagram and Twitter @varobank. ©2024 Varo Bank, N.A. Member
FDIC.
Media Contact: Consort
Partners
varobank@consortpartners.com
View original content to download
multimedia:https://www.prnewswire.com/news-releases/varo-bank-listed-on-cnbc-worlds-top-fintech-companies-2024-302201752.html
SOURCE Varo Bank