Varo Money is a technology-driven, no-fee mobile banking company seeking to be an agent for positive financial change in the U.S. To date, it has saved its customers tens of millions of dollars in banking fees while allowing them to generate interest on savings at one of the highest annual percentage yields available nationwide. Varo’s mission is to help hard-working Americans improve their financial condition. The company’s no-fee services are available to everyone with a smartphone. Its business model is based on positive social impact. And it offers technology solutions that put customers’ safety and interests first. Varo is the first mobile-banking company in U.S. history to have earned preliminary approval from the U.S. Office of the Comptroller of the Currency for a national bank charter.
Website Case Studies Disclaimer
The investments described in the case studies are provided for illustrative purposes only and are not, and do not purport to be, representative of all investments, or all types of investments, previously made by Warburg Pincus, or indicative of the performance of all prior Warburg Pincus investments. The case studies have been selected on the basis of objective criteria that Warburg Pincus believes are representative of the firm’s experience partnering with portfolio company management teams, and of the sectors, stages, strategies and/or geographies in which the firm invests. The information provided in the case studies are not necessarily an indication of future results, and may not be relied up for any purpose. Warburg Pincus’ current or future portfolio companies may differ materially in size, type, performance and other characteristics from the investments presented in the case studies. Further, references in this case study should not be construed as a recommendation or offer to buy or sell any particular security or to make any particular investment.