| Founded | 2015 |
|---|---|
| Closed | 2023 |
| Country | USA |
| Sector | Fintech |
| Total raised | 992 |
| Collapse type | Mass Layoff Spiral |
| Founder | Colin Walsh |
Varo Bank
"First fintech startup to win a US national bank charter — then burned $100M per year trying to use it"
Cascading layoffs that accelerated the decline
Key Events Timeline
Varo Bank spent five years fighting the OCC for a national bank charter — the first consumer fintech to win one.
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