Varo Bank

The first digital bank with a national bank charter

Analytics date: 27.11.2024

Basic information

Head office

San Francisco, USA
Head office
Date of the last round

Last round 03/2023
Date of the last round
Total funds raised

$979.3M+
Total funds raised
Price per share

$5.88
Price per share

Price per share. Based on the latest known transaction. It is not an offer or investment recommendation.

Analytics date: 27.11.2024

Industry analysis

Fintech Blockchain Market Expected to Reach USD 129.73 Billion by 2032

Fintech blockchain, critical to financial technology, serves as a decentralized and distributed ledger that ensures cozy, transparent, and immutable transactions. In the fintech zone, blockchain complements core offerings which include fee processing, lending, and asset management with the aid of decreasing fraud, accelerating transaction times, and lowering expenses. Enabling direct peer-to-peer transactions for items and offerings appreciably improves the performance of monetary operations. Additionally, it is revolutionizing traditional monetary fashions by promoting inclusivity and operational performance.

European tech funding stalls in 2024 but IPO window to open

Funding for European technology startups in 2024 is set to fall short of last year's level, but a window for new listings is opening again, venture capital firm Atomico said in an industry report.

European tech funding declines for third consecutive year — but the sector is finally stabilizing

Europe’s venture-backed startups are expected to secure $45 billion of investment by the end of 2024, Atomico said Tuesday in its “State of European Tech” report Tuesday.

That is slightly lower than the $47 billion European startups raised last year — still, Atomico said this shows that tech funding levels have finally “stabilized” in the continent.

The VC firm predicted Europe could mint its first-ever $1 trillion tech company in a decade’s time if key issues such as access to capital and keeping high-skilled talent in the region are resolved.

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00 0 00 000 00 0000 00 000 00 0 00000000000000000000

0 00 0 00000 0 0 00 0000 00 00 0 0 0 0 000 0 00 000 000000000 00 00 0 00000000000000000

Competitor analysis

Leaders in the ratio of valuation to investment

The histogram shows the ratio of the company's value to the volume of investments received. The post-money estimate of the last round is taken as the cost of the company. The volume of investments is the amount of funds raised by the company during all rounds + debt financing. The histogram shows the coefficient obtained by dividing the value of the company by the amount of investments received by it. Accordingly, the higher the coefficient, the better: the less money the company needed to achieve its valuation. The companies on the histogram are arranged in descending order of the coefficient.

Growth rates of companies in the sector

This chart illustrates the progression of private companies' official valuations over time. The post-money valuation of the company during each official financing round is depicted. Each data point represents an investment round, with the company's valuation expressed in US dollars. The timeline is displayed in quarters. By default, the most recent quarters are visible, but you can navigate to earlier periods using the left scroll. To view the chart in full screen, utilize the chart submenu options.