Varo Bank Welcomes Rathi Murthy as Chief Technology Officer, Strengthening Commitment to Customer Financial Empowerment

Varo Bank, the first all-digital nationally chartered bank in the U.S., today announced the appointment of Rathi Murthy as its new Chief Technology Officer. Murthy’s arrival reinforces Varo's dedication to empowering customers through innovative technology, aligning with the bank's mission to help everyday Americans make progress in their financial lives.

Rathi Murthy has been at the tech forefront for more than 25 years as a transformative Chief Technology Officer in a career that includes leadership roles at global companies including Expedia, Verizon, Gap, American Express, eBay and Yahoo. Rathi’s appointment highlights Varo’s commitment to empowering more customers through the development and adoption of technologies such as AI to improve access to financial services, transform how the bank assesses credit risk, and combat fraud.

“It’s important to lean on innovation to address the financial needs of everyday Americans,” said CEO Gavin Michael. “Rathi’s deep knowledge and impressive track record of digital transformation and implementing industry-leading AI make her the ideal technology leader to move Varo forward.”

Murthy’s appointment comes as Varo approaches the fifth anniversary of being awarded its bank charter. With a focus on new digital tools and products, Varo continues to grow the Varo Bank app and evolve its technology infrastructure while giving its customers the security of a fully regulated bank.

Along with specializing in AI and large-scale platform integration, Murthy, also an advocate for women in technology, mentors aspiring leaders. A board member of PagerDuty, a digital operations SaaS company and advisor for the University of San Francisco, Murthy's arrival at Varo dovetails with her enduring commitment to help companies get faster and smarter with technology solutions.

“The mission of Varo – to provide everyday Americans with the most advanced financial tools – perfectly aligns with my personal and professional ethos,” Murthy said. “Varo is using technological innovation to ensure everyone is able to build financial resilience. I am very excited about joining Varo to see this even more fully realized.”

About Varo Bank

Varo Bank is a new kind of bank - the first nationally chartered consumer tech bank in the U.S., built from the ground up with a focus on the needs of Americans striving to get ahead. From credit building to savings to faster payments, Varo has a complete solution to help everyday Americans make progress in their financial lives. Varo combines the capabilities and nimbleness of a technology company with the security and oversight of a regulated financial institution, enabling agile product design that provides technology-first solutions such as Varo Believe, a secured card to help build credit; Varo Advance, to help stretch hard-earned dollars between paychecks; and a high-yield savings account, offering one of the nation's highest APYs. Varo has been named as one of the Inc. 5000 2024 fastest growth companies in the U.S., CNBC's 2024 list of the World's Top Fintech Companies, one of Forbes' World's Best Banks, and Fast Company's Most Innovative Companies. For more information on Varo Advance, Varo Believe, and other offerings such as Perks, visit www.varomoney.com, like Varo Bank on Facebook, and follow us on Instagram and Twitter @varobank. ©2025 Varo Bank, N.A. Member FDIC.

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