# ARQ

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/arq

- Industry: Financial Services
- Headquarters: Mexico City, Mexico
- Website: www.arqfinance.com/
- Total disclosed funding: $5M
- Latest round: Seed (Sep 14, 2022)
- Investors on record: 2

## About

Based in Mexico, and founded in 2021 by Fernando Terrés (CEO), Álvaro Correa Gallardo (COO), Zach Garman (CPO), DolarApp México, S.A. de C.V., trading under the name ARQ and formerly known as DolarApp, operates as a financial service company that allows users to send, pay or receive money in pesos or dollars from one account through the mobile app. In March 2026, ARQ raised USD 70 million in venture?funding co-led by Founders Fund and Sequoia Capital with participation from Kaszek Ventures. other unspecified investors also participated in the round.

DolarApp México, S.A. de C.V. offers a mobile application known DollarApp that provides borderless money transfers with pesos or dollars. The company offers international master cards that can be used anywhere, and users can secure/protect their accounts with two-factor authentication (2FA), 3-dimensional screen (3DS) payment, and the ability to freeze and unfreeze the card at any time. Users can access the mobile application via Android and iOS software.

The company intends to use the March 2026 funding to support rebranding, hire new talent and expand its stablecoin-based financial services beyond its original transfer platform.

## Funding rounds

- Seed, Sep 14, 2022, $5M — Y Combinator, Kaszek Ventures

## Investors

- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed
- Kaszek Ventures (https://capitalatlas.ai/funds/kaszek-ventures) — Seed