How many employees work at Varo Money?
Varo Money, Inc. has approximately 376 total employees worldwide as of March 2026, according to Revelio Labs workforce intelligence data. Varo Money's total headcount has declined 36.5% from 592 employees in 2023 to 376 in 2026.
Data source: Revelio LabsCoverage: Global workforce, 2023–2026Published July 2026
Is Varo Money hiring right now?
Yes, Varo Money is actively hiring. Varo Money had 29 active job postings in 2026, a 47.4% decline from 2025 — see job openings & hiring trends.
About Varo Money's Workforce
Varo Money, Inc. is an Information Technology Services company that employs 376 people worldwide as of March 2026. It is the 10th-largest by headcount among its peers. Founded in 2015, the company is headquartered in San Francisco, California.
Varo Money's workforce has declined 36.5% from 2023 to 2026, down 27.9% year over year in 2026. It fell to a low of 376 in 2026 Q1 before recovering. Its workforce is concentrated most in the United States (95.3%), followed by India (2.3%) and Mexico (0.9%), with India, its fastest-growing location, up 13.9%.
Varo Money's largest functional groups are Finance and Operations (43.5%), Engineering (40.7%), and Sales and Marketing (15.8%). Median employee tenure is 2.7 years. The average salary is $124,526, ranging from a median of $124,000 in Northern America to $11,000 in Central America and the Caribbean.
Varo Money's active job postings fell 47.4% in 2026 to 29, with new postings per month cooling from 23 in 2023 to 15 in 2026. Overall employee sentiment is negative and declining.
Sourced from Revelio Labs workforce data.
As of March 2026
Varo Money
workforce metrics
Headcount
376
27.9% YoY
Avg. Salary
$124.5k
0.7% YoY
Tenure
2.7yr
0.0yr YoY
Growth Rate
-27.9%
22.2pts YoY
Hiring Rate
Attrition Rate
Unlock hiring rate, attrition rate, and 12 additional workforce metrics for Varo Money. Compare to peers, export the dataset, and access the full quarterly history.
- Varo Money had 376 employees in 2026, a 27.9% decline (-121) from 2025.
- Varo Money had 424 employees in 2025, a 19.1% decline (-89) from 2024.
- Varo Money had 513 employees in 2024, a 6.6% decline (-36) from 2023.
- Varo Money had 549 employees in 2023, a 19.8% decline (-121) from 2022.
Varo Money's total workforce has declined from 592 employees in 2023 to 376 in 2026.
Varo Money, Inc. — quarterly employee count (2023–2026)
| Year | Qtr | Employees | YoY Change | YoY % |
|---|---|---|---|---|
| 2026 | Q1 | 376 | -121 | -27.9% |
| 2025 | Q4 | 424 | -89 | -19.1% |
| 2025 | Q3 | 463 | -57 | -11.7% |
| 2025 | Q2 | 485 | -30 | -6.1% |
| 2025 | Q1 | 497 | -29 | -5.7% |
| 2024 | Q4 | 513 | -36 | -6.6% |
| 2024 | Q3 | 520 | -42 | -7.6% |
| 2024 | Q2 | 515 | -77 | -13.8% |
| 2024 | Q1 | 526 | -124 | -21.0% |
| 2023 | Q4 | 549 | -121 | -19.8% |
| 2023 | Q3 | 562 | -128 | -20.6% |
| 2023 | Q2 | 592 | -188 | -27.4% |
Want to see Varo Money's complete headcount history back to 2008, including quarterly breakdowns?
The United States accounts for the largest share of Varo Money's global workforce with approximately 95% of total employees, followed by India and Mexico. Varo Money's headcount in India is growing fastest among its major locations, up 13.9% year over year in 2026.
Varo Money employees by country — 2026
| Country | Employees | % of Total | YoY % |
|---|---|---|---|
| United States | 344 | 95.3% | -16.8% |
| India | 8 | 2.3% | +13.9% |
| Mexico | 3 | 0.9% | -116.0% |
| Turkey | 1 | 0.3% | +0.0% |
| Costa Rica | 1 | 0.3% | +0.0% |
| United Kingdom | 1 | 0.3% | +0.0% |
| Pakistan | 1 | 0.3% | +0.0% |
| Bangladesh | 1 | 0.3% | +0.0% |
Drill into city-level data, hiring trends by region and historic geographic shifts
Varo Money's largest employee groups are Finance and Operations (43.5%), Engineering (40.7%), and Sales and Marketing (15.8%).
Varo Money employees by department — 2026
| Department | Employees | % of Total | YoY % |
|---|---|---|---|
| Finance and Operations | 164 | 43.5% | -16.7% |
| Engineering | 153 | 40.7% | -15.2% |
| Sales and Marketing | 60 | 15.8% | -25.6% |
Compare Varo Money's department mix to industry peers.
Varo Money's average employee salary is $124,526 globally. Employees in Northern America receive the highest compensation. Pay is lowest in Central America and the Caribbean, at a median of $11,000.
Varo Money median employee salary by region — 2026 (USD)
| Region | Median Salary |
|---|---|
| Northern America | $124,000 |
| Central America and the Caribbean | $11,000 |
| Southern Asia | $11,000 |
Unlock salary by role, level, and city — and compare to Varo Money's industry peers.
- Varo Money had 29 active job postings in 2026, a 47.4% decline (-41) from 2025.
- Varo Money had 70 active job postings in 2025, a 97.9% increase (+46) from 2024.
- Varo Money had 24 active job postings in 2024, a 88.4% decline (-38) from 2023.
- Varo Money had 62 active job postings in 2023, a 26.6% decline from 2022.
- Hiring velocity in 2026: 15 new roles/month, down from 35 in 2025 and 32 in 2024. New metric
Varo Money's hiring is slowing: active job postings fell 47.4% in 2026 to 29, with new postings per month cooling from 23 in 2023 to 15 in 2026.
Track new postings per month, role-level demand, and hiring velocity vs. peers.
Revelio Labs tracks employee sentiment across Varo Money's workforce based on public professional data. Overall sentiment is negative and has declined year over year in 2026.
Overall
Unlock the full sentiment breakdown by department, tenure, and trend over time.
Similar Information Technology Services Companies by Employee Count
- How fast is Varo Money growing?
- In 2026, Varo Money's headcount shrank 27.9% to 376 employees, down from 497 in 2025.
- Where are Varo Money employees located?
- Most Varo Money employees are based in the United States (95.3% of headcount), followed by India and Mexico.
- What is the average salary at Varo Money?
- The average employee salary at Varo Money is approximately $124.5k per year.
- How many people does Varo Money hire per year?
- In 2026, Varo Money opened roughly 180 new roles — about 15 per month.
- When was Varo Money founded and where is it headquartered?
- Varo Money was founded in 2015 and is headquartered in San Francisco, California.
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