CEO @varobank. Devoted problem solver. Avid reader. Food fanatic. Travel enthusiast. My tweets are my own.
Joined March 2009
- Tweets 998
- Following 543
- Followers 2,116
- Likes 177
42 Photos and videos
Mar 19
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. 🧵👇
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Mar 19
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.
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Mar 19
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
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Mar 17
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. 🧵👇
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Mar 17
Our lending philosophy is built on these simple pillars:
âś… Transparent Pricing: One flat fee, no surprises.
âś… Structured Repayment: Timelines you actually control.
âś… 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.
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Mar 17
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
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Mar 10
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. 🧵👇
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Mar 10
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.
đź’¸ Our Varo Advance put $425M directly into customers' pockets last year.
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Mar 10
Varo customers built financial resilience:
đź’° $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
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Feb 17
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.
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Feb 17
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.
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Feb 17
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.
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Feb 2
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/2…
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Feb 2
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.
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Feb 2
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.
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@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.”
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@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.”
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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-security
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Gavin Michael retweeted
16 Apr 2023
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
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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/20…
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