All-digital US neobank offering checking, savings, debit, and credit-building products.
Varo is the first US neobank to receive a de novo national bank charter (2020), allowing it to operate without a partner bank. The company was last valued at $2.5B in its 2021 Series E and has been working toward profitability; recent revenue is roughly $129M with continued losses as growth narrows.
Fintech📍 San Francisco, USAFounded 2015
Current Valuation
$2.5B
as of 2021-Q3
UNICORN
QL Price
$2.4B
-4% vs last round
QuantLogix's current estimate for Varo, published 2026-10-07 — in line with the last disclosed round of $2.5B (2021-Q3).
Confidence
medium
Basis
blended
What backs this price
Last disclosed round
$2.5B
2021-Q3
weight 0.03
Secondary market print
$2.5B
2026-06-27
weight 0.54
Public-company comparables
$638.55M
2023-Q4
weight 0.03
How this price has held up
No round has priced for Varo since QuantLogix began publishing a price for it, so there is nothing to grade yet. The claim above is on the record from 2026-10-07 and will be graded against the next priced round. See the full accuracy record →
Which publicly-traded funds already hold it, what $10,000 buys, and whether any route is open to you.
Cite this price as QuantLogix QL Price, Varo, 2026-10-07 (49906954126f5bc0).
The id pins this exact claim, so a citation stays checkable after the price moves.
Model estimate for research — not a quote, target price, or investment advice.
IPO Outlookprivate
Is Varo going public?
No. Varo is private and has not filed to go public. There is no S-1 on file.
What is Varo's valuation in 2026?
Varo is valued at $2.5B as of 2021-Q3, set by its Series E ($510M, Sep 2021). That is the last confirmed mark, not a live price — private shares do not trade continuously.
Has Varo filed an S-1?
No public S-1 is on file for Varo.
Who are Varo's investors?
Varo's investors include Lone Pine Capital, Warburg Pincus, TPG, Declaration Partners, Marshall Wace, BlackRock and 1 more.
How much has Varo raised?
Varo has raised $992M in total, most recently a Series E of $510M in Sep 2021.
Is Varo publicly traded — can you buy Varo stock?
No. Varo is a private company — its shares are not listed on any exchange and there is no ticker. The routes to exposure are pre-IPO secondary marketplaces and funds (accredited investors), employee tender offers when the company runs one, and public companies with read-through exposure. QuantLogix maps every route it can verify for Varo on its Pre-IPO Access Desk.
Answers are derived from the roster record shown on this page — filing status, last round and confirmed marks. Where the record is silent, the answer says so rather than guessing.
Company Profile
CEO
Gavin Michael
Founded
2015
HQ
San Francisco, USA
Employees
~700
Total Raised
$992M
Est. Revenue
$129M (2023-Q4)
Last Round
Series E — $510M (Sep 2021) · Lead: Lone Pine Capital
IPO Status
private
Fundraising Status
Series E · $510M · 5y 1mo ago
privateTotal raised $992M
Secondary Market
Implied price / share
$0.77
Secondary price return by period
Implied per-share price from private secondary transactions, as of Jun 2026. This is a point estimate, not a quote — the feed carries no bid, ask or spread, and a secondary print is evidence of what someone paid on that date rather than a live market. Compare across every tracked name →
Latest Funding Round
Round
Amount
Date
Lead Investor
Post-Money
Series E
$510M
Sep 2021
Lone Pine Capital
—
Talent Signal
Hiring trend
▶ Hiring steady
0% vs 2026-08
Open roles
4
via careers page
Product-build share
75%
engineering, research, product, design
Trajectory
steady
heavy product build — 75% of open roles are product-building functions (engineering/research/product) — 2 of 4 open roles are security.
Actively hiring with no tracked executive churn.
Open roles by month
Open roles by function
■ product-building ■ go-to-market / G&A
Product & DesignSecurity and ControlSecurity Responsible DisclosureLegal Documents
Counted from Varo's live job board as of 2026-09-15; role functions classified from posting titles. Open-role counts are an activity signal, not headcount. Refreshed monthly.
Founders & Key People
Colin Walsh
Investors
Lone Pine Capital · Warburg Pincus · TPG · Declaration Partners · Marshall Wace · BlackRock · Russell Westbrook Enterprises
Private-company numbers are not real-time. Reflects publicly disclosed valuations from press releases, news reports, and tender offers as of 2021-Q3. Refreshed quarterly.