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Business Wire
4 days ago
- Business
- Business Wire
Varo Bank Named to Inc.'s 2025 Best in Business List in Financial Services For Fifth Year in a Row
SAN FRANCISCO--(BUSINESS WIRE)-- Varo Bank, the first nationally-chartered consumer techbank in the U.S., is proud to announce its inclusion on the Inc. 2025 Best in Business list in the Financial Services category. Inc.'s annual Best in Business Awards celebrate the exceptional achievements and contributions of companies that have made a profound impact on their industries and on society at large. It's an honor to be included on Inc.'s Best in Business list for the fifth year in a row. Inc.'s Best in Business list recognizes companies that, through exceptional execution, have achieved significant milestones and core business wins, like customer expansion, key product launches, increased market share, and industry-defining accomplishments. Companies from a wide range of industries – such as technology, health care, finance, and retail – have been recognized for their success and their positive influence on the business world. The full list can be found on and in the upcoming winter print edition of Inc. magazine. "It's an honor to be included on Inc.'s Best in Business list for the fifth year in a row," said CEO Gavin Michael. "Varo was created for everyday Americans. When more than 60% of households live paycheck to paycheck, and legacy banks charge hundreds in fees for basic banking services, Varo offers a better solution. From no-fee banking services and one of the highest savings APY's, to expanding credit access through Varo Advance, we are proud to provide the tools Americans need to spend easily, borrow wisely, save more, and build credit. Varo remains focused on delivering comprehensive, innovative and affordable digital banking for all." Inc.'s Best in Business Awards are open to companies of all sizes and types, in all industries and locations. Public, private, nonprofit, subsidiary, U.S.-based, and international companies are all encouraged to apply. Inc. editors and reporters hand-review every application and select Best in Business honorees that, in each of the award categories, have had an outstanding influence on their communities, their industries, the environment, or society as a whole. For more information or to see the complete list, please visit About Varo Bank Varo Bank is a new kind of bank - the first nationally chartered consumer tech bank in the U.S., built from the ground up with a focus on the needs of Americans striving to get ahead. From credit building to savings to faster payments, Varo has a complete solution to help everyday Americans make progress in their financial lives. Varo combines the capabilities and nimbleness of a technology company with the security and oversight of a regulated financial institution, enabling agile product design that provides technology-first solutions such as Varo Believe, a secured card to help build credit; Varo Advance, to help stretch hard-earned dollars between paychecks; and a high-yield savings account, offering one of the nation's highest APYs. Varo has been named as one of the Inc. 5000 2025 fastest growth companies in the U.S., CNBC's 2023-2025 list of the World's Top Fintech Companies, one of Forbes' World's Best Banks, and Fast Company's Most Innovative Companies. For more information on Varo Advance, Varo Believe, and other offerings such as Perks, visit like Varo Bank on Facebook, and follow us on Instagram and X @varobank. ©2025 Varo Bank, N.A. Member FDIC.
Finextra
12-06-2025
- Business
- Finextra
Varo Bank hires Rathi Murthy as chief technology officer
Varo Bank, the first all-digital nationally chartered bank in the U.S., today announced the appointment of Rathi Murthy as its new Chief Technology Officer. 0 Murthy's arrival reinforces Varo's dedication to empowering customers through innovative technology, aligning with the bank's mission to help everyday Americans make progress in their financial lives. Rathi Murthy has been at the tech forefront for more than 25 years as a transformative Chief Technology Officer in a career that includes leadership roles at global companies including Expedia, Verizon, Gap, American Express, eBay and Yahoo. Rathi's appointment highlights Varo's commitment to empowering more customers through the development and adoption of technologies such as AI to improve access to financial services, transform how the bank assesses credit risk, and combat fraud. 'It's important to lean on innovation to address the financial needs of everyday Americans,' said CEO Gavin Michael. 'Rathi's deep knowledge and impressive track record of digital transformation and implementing industry-leading AI make her the ideal technology leader to move Varo forward.' Murthy's appointment comes as Varo approaches the fifth anniversary of being awarded its bank charter. With a focus on new digital tools and products, Varo continues to grow the Varo Bank app and evolve its technology infrastructure while giving its customers the security of a fully regulated bank. Along with specializing in AI and large-scale platform integration, Murthy, also an advocate for women in technology, mentors aspiring leaders. A board member of PagerDuty, a digital operations SaaS company and advisor for the University of San Francisco, Murthy's arrival at Varo dovetails with her enduring commitment to help companies get faster and smarter with technology solutions. 'The mission of Varo - to provide everyday Americans with the most advanced financial tools - perfectly aligns with my personal and professional ethos,' Murthy said. 'Varo is using technological innovation to ensure everyone is able to build financial resilience. I am very excited about joining Varo to see this even more fully realized.'
