Varo Bank Reviews

3.1

41% would recommend to a friend

(201 total reviews)
avatar

Gavin Michael

71% approve of CEO

29% positive business outlook

Varo Bank has an employee rating of 3.1 out of 5 stars, based on 201 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Varo Bank employee rating is in line with the average (within 1 standard deviation) for employers within the Finance industry (3.7 stars).

Reviews by job title

201 reviews
1.0
9 May 2026
Recommend
CEO approval
Business outlook

Pros

There is not much at this stage. There used to be some good people around.

Cons

The company is clearly struggling, and a lot of the openings you see are not growth hires — they are backfills because people keep leaving. Even when they do backfill roles, they often hire at lower pay while expecting the same workload and responsibilities. If you are looking for a true fintech environment where people move fast, build things, and learn, this is not the place. At its core, this is still a slow traditional bank wrapped in a fintech shell. Everything is buried under layers of risk, compliance, approvals, and bureaucracy. There has been very little career growth internally over the past few years because of the company’s financial situation. Promotions are on exception basis, raises are limited, and most teams are operating under cost pressure. Once you join, do not expect meaningful upward mobility anytime soon (or ever). The equity is also hard to take seriously. The company continues to lose money every quarter, morale is low, and confidence in leadership is weak. Internally, many people already see this as a sinking ship and are trying to leave before things get worse.

3.0
11 Mar 2026

ok

Anonymous employee
Recommend
CEO approval
Business outlook

Pros

good work life balance, good mission

Cons

progress moves extremely slow, not sure how that can translate to success

Viewing 1 - 3 of 201 Reviews

Glassdoor has 206 Varo Bank reviews submitted anonymously by Varo Bank employees. Read employee reviews and ratings on Glassdoor to decide if Varo Bank is right for you.