Varo Money, Inc. is a mobile-only banking start-up based in San Francisco, California. The Company aims to help consumers gain greater control of their financial lives and develop positive spending, borrowing and savings habits. Through its mobile app, Varo’s 24/7 digital financial coach delivers proactive insights and analysis of spending, as well as real-time budgeting. Varo will provide a debit card, savings and lending products, and will offer integrated access to other popular finance apps via an in-app marketplace.
Warburg Pincus is a leading global private equity firm focused on thesis-driven growth investing at scale. With more than $65 billion in assets under management, our active portfolio of more than 185 companies is highly diversified by stage, sector and geography. As an experienced partner to outstanding management teams, we help build durable companies with sustainable value. We have raised 19 private equity funds, which have invested more than $77 billion in over 870 companies in more than 40 countries.