#United States #Inc. #San Francisco #Financial Services #Varo Bank

Varo Bank's Remarkable Achievement in 2024

Varo Bank, na American-based financial institution, has recently achieved a significant milestone by once again being named in Inc. Magazine's 2024 Best in Business list for the Financial Services sector. This marks the fourth consecutive year that Varo has secured a spot on this prestigious list, an accolade that recognizes companies excelling across diverse sectors in their impactful contributions to their industries and communities.

The Meaning Behind the Recognition

the Best in Business Awards, curated by Inc., aims to highlight companies that have made considerable strides in their fields, showcasing exceptional execution, innovation, and strategies that lead to notable business wins. Varo Bank stands out among other notable companies in various sectors, such as technology and retail, by demonstrating continual growth and positive influence in the financial domain. The selection criteria focus on impactful accomplishments including customer growth, significant product launches, and expanding market presence.

A Mission-Centric Approach

According to Colin Walsh, CEO of Varo Bank, this recognition reflects the bank's enduring commitment to meeting the needs of everyday Americans, particularly in light of rising economic challenges such as inflation. Varo’s heritage as the first nationally-chartered consumer tech bank in the U.S. has heavily influenced its mission.

“Our platform is specifically designed for those navigating through financial difficulties. The recognition reiterates our resolve in integrating essential services—including free tax filing, offering one of the highest annual percentage yields (APY) on savings, and improving credit access with our innovative Believe card.” Walsh elaborated on Varo's focus on delivering solutions that empower Americans to manage their finances better, save effectively, and build credit in an inclusive and affordable manner.

Claiming Impact in the Financial Sector

Varo Bank has prided itself on offering a comprehensive banking solution that includes various services designed to foster financial well-being among its customers. Some prominent initiatives include the Varo Believe, a secured credit card aimed at helping users establish and improve their credit scores, and Varo Advance, a program that aids in managing expenses between paychecks. With these and other offerings, Varo is at the forefront of bridging the gap in accessible and reliable financial services.

Beyond its unique offerings, Varo has consistently garnered recognition as a high-growth company. Their impressive accolades include being named one of the 2023 fastest-growing companies by Inc. 5000, as well as inclusion in CNBC’s World’s Top Fintech Companies list. Varo is also featured among Forbes’ list of the World’s Best Banks and Fast Company’s most innovative companies.

The Broader Impact of Inc.'s Awards

Inc. has been a longstanding advocate for highlighting dynamic and impactful businesses since its inception over four decades ago. The Best in Business Awards features a diverse mix of organizations, from public companies to nonprofits, encouraging all to showcase their contributions and efforts geared toward positively influencing communities and industries alike. As stated by Mike Hofman, Editor-in-Chief of Inc., “These award winners are the ones leading the charge in their respective fields, addressing vital challenges, and shaping the future of business in constructive ways.”

For more insights into the winners and the industries they represent, you can visit inc.com/best-in-business.

About Varo Bank

Established as a tech-centric bank tailored for contemporary banking needs, Varo Bank, N.A. emphasizes financial inclusion and customer-centric services. With a focus on enabling financial growth and transparency, they aim to address the needs of everyday consumers who wish to enhance their financial standing. From offering specialized financial products to providing educational resources, Varo is committed to revolutionizing banking for the modern consumer. To keep updated with Varo's services or to understand more about their approach, visit varomoney.com.

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Varo Bank continues to redefine the banking sector and stands as a testament to effective melding of technology and customer-centric policies in the financial realm.