Varo is an online mobile banking company that aims to make premium financial services available to everyone. The company was founded by Colin Walsh in 2015 with the goal of putting customers' interests first while still being profitable. Varo launched its app in July 2017 and has since seen significant growth, including $600 million in transactions through the platform. To further improve user experience, Varo introduced no-fee overdraft protection on overdrafts of up to $50 for eligible users. This move is part of the company's mission to help people get ahead financially and avoid making financial struggles worse by charging fees and being opaque. As a result, Varo needed a way to seamlessly link external bank accounts and other apps and institutions, which led them to partner with Plaid.