Gavin Michael

We’re closing the gap with: $0 fees to keep more cash in your pocket. Credit based on banking history, not just a score. Tools built for resilience, not phantom debt. When we build for the most financially stretched, we build a better system for everyone. #VaroBank #KShapedEconomy #Affordability

This isn't just about inflation, it’s a liquidity crisis. ➡️63% of Americans can’t cover a $400 emergency. ➡️7 in 10 are financially supporting extended family. ➡️"Sequencing" bills has become a survival strategy. Traditional banking wasn't built for this reality. Varo was.

The K-shaped economy is widening. While one side sees asset growth, the other is being squeezed by a structural affordability crisis. For some, essentials like food and housing now swallow up to 64% of total income. The income margin has disappeared. 🧵👇

Unlike BNPL, which locks you into a specific purchase, Varo provides cash in hand for what matters, like emergency car repairs or medical bills. By using ML to look at banking history (not just a credit score), we’re making credit straightforward and flexible. #VaroBank #consumercredit #Affordability

Our lending philosophy is built on these simple pillars: ✅ Transparent Pricing: One flat fee, no surprises. ✅ Structured Repayment: Timelines you actually control. ✅ No Gotchas: Zero compounding interest or hidden late fees. We’ve extended $547M in responsible credit last year alone via Varo Advance and Varo Line of Credit.

Credit should be a bridge, not a trap. Between high-interest cards and the phantom debt of BNPL stacking, consumers are strained. At Varo, we’re rethinking personal lending to prioritize long-term stability over micro-installments and hidden fees. 🧵👇

Varo customers built financial resilience: 💰 $463M+ saved via 5% APY and auto-save features. ✨ $1.1M earned in cashback rewards. From covering rent to building emergency funds, fee-free banking puts the power back in your hands. #VaroBank #Affordability

Last year, Varo delivered all-digital banking without any overdraft and maintenance fees. We’re getting cash to people when it matters most: ⚡️ Access to up to 2 days Early Payday for all active direct deposit users. 💸 Our Varo Advance put $425M directly into customers' pockets last year.

Core costs are rising and household margins are disappearing. For millions of middle-income families, every dollar counts. 📉 Varo was built for this moment. We’re a bank designed to put money back in your pocket, not drain it with hidden costs. 🧵👇

Varo offers lending products with one flat fee, transparent pricing, no compounding interest. We also support our customers’ long-term financial health with fee-free banking, easy credit-building tools, and high APY savings.

Varo is a free bank. No minimums. No monthly fees. No overdraft fees. We don’t charge customers to deposit and take out their own money.

Rising costs across housing, utilities, & insurance are putting economic pressure on many middle-income families. Varo is a bank that puts money in our customers’ pockets, when they need it.

New capital, a strong new partner, and experienced leadership ensure we are propelling Varo forward. Thank you to our investors, new Board members, the Varo team, and our dedicated customers.

The good news continues: We're welcoming two experienced banking leaders to our Board of Directors: Alice Milligan, former CMO at Morgan Stanley, and Kevin Waters, former Division Chief Executive at JP Morgan.

Thrilled to announce that Varo has raised a $123.9M Series G. This round was led by our new partner, Coliseum Capital Management, LLC, and backed by existing investors. Read the full story: businesswire.com/news/home/2026…

@GavinMichael “We’re also working with Swan Bitcoin to provide end to end bitcoin trading and fiat on-ramps. We also signed Blockchain.com...along with Zaden and Crypto Mom to provide end to end crypto trading.”

@GavinMichael “We’ve made substantial progress this past quarter and are building momentum for future growth… We’ve built a platform that’s ready to take off and grow. We’ve made many of our big investments, and now we’re leveraging the capabilities to scale our business.”

At Bakkt, we take risk and security seriously. We are committed to crypto regulation compliance, diligent coin selection and safeguarding. Our thoughtful approach is designed to mitigate risk and protect consumers. bakkt.com/risk-and-secur…

We are excited to have @gavinmichael, President & CEO at @Bakkt as a speaker for Dubai FinTech Summit! Hear him speak live at #DubaiFinTechSummit. Book your tickets now: hubs.li/Q01LzT3F0 #DIFC #Trescon #TresconMENA #tresconFinTech #FinTech

Our CEO, @GavinMichael talked with @PYMNTS about the role of utility in crypto adoption and why regulatory clarity will help crypto innovation flourish. Check out the full story: pymnts.com/cryptocurrency…