moneysmart Competitors and Similar CompaniesClear all
Varo Bank's competitors and similar companies include Oakam.
Founding Date | Founding Date 2015 | Founding Date 2006 |
Type | Type Subsidiary | Type Subsidiary |
Tags | ||
Locations | Locations San Francisco, US HQ | Locations London, GB HQ Croydon, GB London, GB |
Employees | Employees 5002% decrease | Employees 552% increase |
Financial | ||
Revenue (est.) | Revenue (est.) $128.9m (FY, 2023) | Revenue (est.) £22.4m (FY, 2017) |
Cost of goods | Cost of goods $6.5m (FY, 2023) | Cost of goods £31.2k (FY, 2017) |
Gross profit | Gross profit $122.4m (FY, 2023) | Gross profit £22.3m (FY, 2017) |
Net income | Net income ($105.3m) (FY, 2023) | Net income (£4.5m) (FY, 2017) |
Funding | ||
Total funding raised | Total funding raised $ 477.4m | Total funding raised $ 41.5m |
For sources of this data, please see the company profile
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Oakam
HQ
London, GB
Oakam is a digital micro-lender for the UK's unbanked and underbanked consumers.
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