Arc Technologies

Overview
Activities
News
Neobanks?
Product stageSegments
Early
?
Digital Banking (B2B), Digital Lending (B2B)
?

Arc Technologies is a neobank focusing on SaaS startups. It offers a full-service platform, providing savings accounts and customized financial solutions that are provided using algorithms that price in the inherent risks. Arc offers working capital loans that allows businesses to convert future revenue streams into upfront capital. It also offers a platform that connects startups with venture debt. In addition, Arc offers Treasury, an FDIC-insured-deposit account, and Reserve, which allows companies to generate returns on cash reserves without making any investments.

The company also provides cash management software, which includes the ability to issue branded virtual or physical debit cards for businesses, process payments, and integrate accounting software.

Key customers and partnerships

Arc Technologies does not have its own banking license and offers its services in partnership with Evolve Bank & Trust. The company uses APIs developed by Plaid to underwrite credit risk by having real-time access to a startup’s financials and also partnered with Stripe to use its Banking-as-a-Service API to introduce Arc Treasury.

Funding and financials

In August 2022, Arc raised USD 20 million in Series A funding led by Left Lane Capital. The company aimed to funnel the fresh funds toward Arc Treasury.

Arc reported to have over 1,000 businesses using its platform as of August 2022 and claimed that the demand backlog for working capital loans had exceeded USD 3 billion with monthly revenue growth averaging at 250% since the fourth quarter of 2021.

HQ location:
1481 Folsom St San Francisco CA USA
Founded year:
2021
Employees:
11-50
IPO status:
Private
Total funding:
USD 181.0 mn
Last Funding:
USD 20.0 mn (Series A; Aug 2022)
Last valuation:
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Key competitors
 
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Company profile
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