# Arro Finance

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/arro-finance

- Industry: Financial Services
- Headquarters: Los Angeles, US
- Website: www.arrofinance.com
- Total disclosed funding: $10M
- Latest round: Seed (Oct 11, 2022)
- Investors on record: 5

## About

Founded in 2021 and based in the US, Arro is a fintech business that is globalizing credit. Ryan Duitch (CEO) and Luke Pelullo (COO) are the co-founders of the company. In October 2022, Arro raised USD 10 million in Seed funding from Crosslink Capital, including BAM Ventures, Bling Capital, Global Founders Capital, and Western Technology Investment.

The company provides a low-interest credit card and a financial literacy app for customers to grow their credit lines. Arro provides a credit platform that enables its users to increase their credit limit and decrease their interest rate by learning and engaging in positive financial behaviors and tracking and building credit scores over time through a financial wellness path.

The startup generates revenue through its subscription plan, which includes a monthly fee of USD 1 for its early members.

The organization plans to use the October 2022 funding to get the product live, work on operations, build out the team, and technology development, and have the right amount of runway to support customers.

## Funding rounds

- Seed, Oct 11, 2022, $10M — Crosslink Capital, Western Technology Investment, Global Founders Capital, BAM Ventures, Bling Capital

## Investors

- Crosslink Capital (https://capitalatlas.ai/funds/crosslink-capital) — Seed
- Western Technology Investment (https://capitalatlas.ai/funds/western-technology-investment) — Seed
- Global Founders Capital (https://capitalatlas.ai/funds/global-founders-capital) — Seed
- BAM Ventures (https://capitalatlas.ai/funds/bam-ventures) — Seed
- Bling Capital (https://capitalatlas.ai/funds/bling-capital) — Seed