Case Study: Varo Bank achieves fast, fee-free mobile banking with Galileo Financial Technologies

Varo Money - Customer Case Study

Varo Bank, a mobile-only financial institution, aimed to disrupt traditional banking with a fee-free model focused on improving its customers' financial health. The challenge was to build and launch its services to market quickly without the burden of legacy technology systems, requiring a modern and flexible processing partner. They chose Galileo Financial Technologies as their technology provider to power their banking platform.

Galileo provided its advanced processing platform and APIs, enabling Varo to get to market fast with a robust and secure system that included fraud protection. The solution resulted in a strong partnership with aligned goals, allowing Varo to successfully launch its suite of fee-free products and attract $79 million in investment. The vendor's technology and back-office support, including customer service, were integral to Varo's mission.

Varo Bank

Colin Walsh

Chief Executive Officer & Co-Owner