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VAROVeterans Affairs Regional Office
VAROVeterans Administration Regional Office (now Veterans Affairs Regional Office)
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Varo was founded in 2015 and has raised USD 179m in funding with Warburg Pincus and The Rise Fund, a global impact fund led by private equity firm TPG as lead investors.
The Varo Money app and smart bot, Val, are currently in beta and will launch in early 2017.
A native of Angles, Spain, Remedios Varo grew up in a family that nurtured academic and artistic aspirations.
(an amalgam of Freud, Jung, and Adler, according to Varo's notes).
While other financial management products on the market rely solely upon historical trends to provide a backward-looking picture of spending, the Varo Forecast algorithm is predictive and personalized.
Varo's consumer research has shown that when it comes to managing money, most Americans don't keep detailed budgets or go into a bank branch for guidance.