Varo Bank, the first nationally chartered consumer tech bank in the U.S., announces 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 under the Neobanking category, being named to the inaugural list in 2023.
Presented by CNBC, a team of analysts from Statista carried out research into KPIs for more than 2,000 eligible companies between March and May 2024. Companies that made the Top 250 list were spread across the categories of Neobanking, Alternate Finance, Banking Solutions, Business Process Solutions, Digital Assets, Financial Planning, Payments, and Wealth Technology.
“Making CNBC’s list of the World’s Top Fintech Companies 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 charter, or ‘techbank,’ Varo provides the regulatory framework that ensures customers have peace of mind knowing where their money is located and that it is secure, while also benefiting from our constant push for technology innovation.”
Varo Bank’s mission is to create a better bank for everyday Americans. In the past year, in addition to launching Varo to Anyone and increasing the Varo Advance limit to $500, the company announced free integrated features within the Varo Bank app, including nationwide free tax filing services via Column Tax and Smart Ledger intuitive account spending insights.
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