Varo Bank operates a mobile-first digital banking platform providing checking accounts, savings products, and debit cards to consumers across the United States. As one of the first fintech companies to receive a national banking charter, Varo distinguishes itself from traditional neobanks by operating as a fully regulated bank rather than partnering with third-party institutions. Founded in 2015 and headquartered in San Francisco, the company has achieved a $2.5 billion valuation while building its consumer banking franchise. Varo continues expanding its digital banking services, focusing on serving underbanked consumers through accessible mobile financial products and competitive savings rates.