Arc - Intelligent cash management & growth capital for businesses

@omidedwin Thanks for your support! As you've noted, we believe that startups shouldn't have to make a tradeoff between yield and deposit protection.

@trent_fong thanks for your support!

@apolack we're convinced startup banking is broken - the big guys just don't understand startups, and they are so painful to deal with. We're big believers in building a safe, frictionless banking experience, and that means giving customers the best cash management tools, and seamless access to financing to keep growing! Grateful for your support, and glad we could be a part of your story!

@azhu94 Thanks for the support and kind words Annie. We do our best to bring the benefits of a digitally-native platform without sacrificing on the human relationship side of things, which is important too!

@evanwherchek Great question. Below are the details on the $5.25M and feel free to shoot me an email at nick (at) arc.tech and I'm happy to go into more detail! Up to $5.25M FDIC insurance eligibility reflects combination of up to $5M FDIC insurance eligibility available through bank deposit sweep products offered by BNY Pershing and up to $250K FDIC insurance eligibility available through account(s) with Evolve. As you noted, the standard FDIC insurance amount is $250K per company per bank. The yield-bearing bank sweep available on our platform via BNY Pershing automatically sweeps deposits across a network of 50+ FDIC-insured banks, including Goldman Sachs, JPMorgan Chase, and Citibank, which is what gets users the multiplier. (Disclosures: https://www.arc.tech/general-dis...)

@burcs thanks very much 🙏 beyond grateful to be partnering with you — and there’s a lot more where that came from!! Anything else you’d like us to build for you to make your finances more frictionless??

@don_muir @matt_calvano appreciate the kind words, Matt! Startups and founders deserve a better banking experience, and design is at the core of everything we do here at Arc.

@matt_calvano that would be the legendary Bobby Novoa. Is there a particular feature that’s most relevant to your business? We’d love to bank with Adaptive & would be happy to prioritize any feature most relevant to your startup!! 🚀

@bobbynovoa Looks awesome. @don_muir how does your treasury mgmt product work?

@don_muir @matt_calvano Thanks, Matt! 🙏

@bobbynovoa @don_muir @matt_calvano Our Treasury account is a brokerage account through BNY Pershing where you have the option to store idle cash in a yield-bearing $5M FDIC-insured bank sweep as well as invest in low risk positions that generate higher yield. These include Money Market Funds (e.g., Vanguard) and U.S. government-backed T-Bills - both earning 5%+ APY today. The Treasury account comes equipped with everything you'd need to manage your liquidity and yield, including real-time dashboards, statements, buy & sell flows, and free money transfers. Happy to provide a demo anytime if you shoot me a note at nick (at) arc.tech! (Disclosures: https://www.arc.tech/general-dis...)

@jeeiee Thanks for your support!

@mickala_olesen Thanks for the support! And agreed - it's important to stay nimble from a product perspective to meet changing market needs. As a financial technology company rather than a bank, Arc is well positioned to do that.

@sentry_co Hey Andre - international expansion is definitely on our list! We're hard at work perfecting Arc for US startups today, but we believe that the problems we are solving are universal. We're going to be taking this to a European country near you in the not so distant future!