Arc
Software-driven banking & growth capital for startups
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Chris Messina

Arc - Software-driven banking & growth capital for startups

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Open accounts in minutes, manage everyday banking needs without fees, safeguard cash, maximize yield, and access capital—all in one platform in partnership with trusted banks. [Arc is a technology company, not a bank: arc.tech/general-disclosures]

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Matt Calvano
@don_muir Who designed this beauty? Looks clean!
bobby novoa
Maker
@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.
Don Muir
Maker
@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!! 🚀
Matt Calvano
@bobbynovoa Looks awesome. @don_muir how does your treasury mgmt product work?
bobby novoa
Maker
@don_muir @matt_calvano Thanks, Matt! 🙏
Nick Lombardo
Maker
@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...)
Omid E Izadjou
Arc's partnership with trusted (TBTF) banks, alongside competitive yield offerings is a best in class cash management experience for early stage startups. This is one of the many reasons startups love using Arc. Congrats on the launch!
Nick Lombardo
Maker
@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.
Trenton Fong
As an accountant, the ability to safeguard cash with up to $5.25m in FDIC coverage AND the ability to earn yield of up to 5% APY on cash is game-changing. It is so important to manage your cash these days given the recent banking crises. Big fan of the UI as well. Well done, Arc!
Basile Senesi
Maker
@trent_fong thanks for your support!
Amira Polack
Before Arc, it took 2 weeks to set up a basic bank account with a traditional bank, including wasting time on customer service hold, and not including having to set up a meeting just to get a debit card!! 😵‍💫 For the same amount of financing we’ve gotten with Arc, countless hours we had wasted pitching investors to give away equity 😭 Not to mention all the cash sitting in an old banking system where our idle cash was losing value 🔥💸🔥 The list goes on. Finally (‼️) Arc is our core business platform!! So seamless - clearly designed to help us build, grow, & win. Today, Arc is just the best DEAL for startups. It’s easy. It’s peace of mind.
Basile Senesi
Maker
@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!
Annie Zhu
I've been an Arc banking customer for over a year now and am amazed at how much more seamless and efficient Arc banking is relative to other traditional banks I've used in the past. Their product velocity and high-touch customer service have been unmatched for me - Arc has really thought of every detail when it comes to building the best platform for its customers, and the focus on delivering best-in-class really shines through.
Nick Lombardo
Maker
@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!
Evan Herchek
Excellent work here! Typically, FDIC insurance only covers up to $250k. Can y'all point me to the policy that allows the $5.25M of FDIC coverage that y'all are advertising?
Nick Lombardo
Maker
@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...)
Brandon Strittmatter
HUGE fan of Arc, they have made everything so simple that we have basically automated all of our startup banking needs. It also doesn't hurt that we get 5%+ APY on our savings in the account. 10/10 I recommend them to anyone who needs a tech-centric option for their bank.
Don Muir
Maker
@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??
Mickala Olesen
One stop shop for all things start up financing? I love it! Also, maximizing deposit insurance is a great offering for current market needs - I can see why this is one of the many reasons tech start ups love using Arc. Congrats on the launch!
Nick Lombardo
Maker
@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.
André J
When Europe and the Nordics? Our banks are stuck in the 80s. Cant even use Apple Pay 😅
Basile Senesi
Maker
@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!
Christopher Sim
Congrats on the launch! Looks really easy to use, with a minimal and reserve design. Who is your partner bank? And what are the main differentiators between mercury?
Basile Senesi
Maker
@christopher_sim Hey Christopher - awesome question! Our Primary + Reserve accounts are built atop Evolve Bank and Trust (member FDIC). Our Treasury account is powered by BNY Mellon Pershing. Our mission is to easily help startups diversify deposits across banks, so expect more names to join that list! (disclosures: https://www.arc.tech/general-dis...) Like Mercury, we offer a digitally native startup banking solution. Unlike Mercury, we index heavily on dedicated support (you get a Relationship manager who knows your business inside and out, and is on call for you), startup specific credit products (Venture debt, Revenue Financing, ABLs...), and - most relevant - the most diverse and competitive Treasury options in the market. Equally important: we're adding the biggest banks in the world to our list of bank partners, because we know our customers value SIB resilience!
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