Varo Bank Named to Inc.'s 2025 Best in Business List in Financial Services For Fifth Year in a Row

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SAN FRANCISCO--(BUSINESS WIRE)--Aug 12, 2025--

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.

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 Inc.com 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 inc.com/best-in-business.

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 www.varomoney.com, like Varo Bank on Facebook, and follow us on Instagram and X @varobank. ©2025 Varo Bank, N.A. Member FDIC.

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KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: BANKING FINTECH PROFESSIONAL SERVICES FINANCE

SOURCE: Varo Bank

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PUB: 08/12/2025 01:04 PM/DISC: 08/12/2025 01:04 PM

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