In 2023, Varo raised a $50 million equity round at a lower valuation ($1.85 billion post-money) than its massive and, it said, “oversubscribed” $510 million Series E in 2021.

You won’t be charged interest on this cash advance. Depending on the Advance amount, there is a fee ranging from $1.60 to $40. Varo customers can have only one Advance outstanding at a time.

See reviews below to learn more or submit your own review. Varo is a self-described “digital consumer bank” with features such as no minimum balances, no monthly fees, branchless banking ...