Fintech
Varo Bank Named to CNBC’s 2024 World’s Best Fintech Companies List
SAN FRANCISCO, July 19, 2024 /PRNewswire/ — Varo Bankthe first nationally chartered consumer technology bank in the United States, announces that 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 in the Neobanking category, having been named to the inaugural list in 2023.
Presented by CNBC, a team of analysts at Statista conducted KPI research for over 2,000 eligible companies between March and May 2024. The companies that made it to the Top 250 were spread across the categories of Neobanking, Alternative Finance, Banking Solutions, Business Process Solutions, Digital Assets, Financial Planning, Payments, and Wealth Technology.
“Being named to CNBC’s World’s Best Fintechs list 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 card, or ‘techbank,’ Varo provides the regulatory framework that gives customers peace of mind that their money is where it is and that it is safe, while benefiting from our ongoing push for technological innovation.”
Varo Bank’s mission is to build a better bank for everyday Americans. Last year, in addition to launching I launch to anyone and increasing the Varo Advance Limit at $500The company announced free integrated features within the Varo Bank app, including free nationwide tax filing services via Set Column AND Smart ledger intuitive information about account spending.
About Varo Bank, NA
Varo Bank is a new kind of bank, the first nationally chartered consumer technology bank in the United States, built from the ground up with a focus on the needs of Americans who are striving to get ahead. From credit creation to savings to faster payments, Varo has a comprehensive solution to help everyday Americans move forward in their financial lives. Varo combines the capabilities and agility of a technology company with the security and oversight of a regulated financial institution, enabling agile product design that delivers technology solutions like Varo believesa secured card to help build credit; Varo Advanceto help make hard-earned dollars last between paychecks; and a high-yield savings accountoffering one of the highest APYs in the nation. Varo has been named one of the 2023 Inc. 5000 Fastest Growing Companies in the U.S., CNBC’s 2023 list of the World’s Best Fintech Companies, one of Forbes’ World’s Best Banks, and one of Fast Company’s Most Innovative Companies. For more information on Varo Advance, Varo Believe, and other offerings like Perks, visit www.varomoney.comlike Varo Bank on Facebookand follow us on User profile AND Chirping @varobank. ©2024 Varo Bank, NA Member FDIC.
Media contact: Consort Partners
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SOURCE Varo Bank