Arc - Intelligent cash management & growth capital for businesses

@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!

@taylorlint The feeling is mutual! Thanks for trusting Arc and looking forward to growing the Swantide-Arc partnership!

@bryant_chen2 We'd love to have you! DM me if you want fast track access!

@bryant_chen2 thanks for taking a look! Good to hear from you

@timcha Thanks! And that's exactly right - a good portion of our users are early-stage startups, who like the streamlined UI / tech-first aspect of our platform.

@timcha what finance feature would you like us to prioritize next??

@casimira_aluwihare_karunaratne Great question. Deposit protection has been a key focus area, especially in recent months following the regional bank disruption. Given we're a financial technology company and not a bank, we have the opportunity to offer customers several options - even spanning financial institutions - to gain comfort depending on product feature, yield, and liquidity preferences. To name a couple examples: (1) receive $5M FDIC insurance on deposits through BNY Pershing's yield-bearing insured bank sweep, which automatically sweeps deposits across a network of dozens of FDIC-insured banks including JPMorgan Chase, Goldman Sachs, and Citibank; (2) invest idle cash in short-duration Treasury Bills, which earn 5%+ today and are backed by the full faith and credit of the U.S. government. (Disclosures: https://www.arc.tech/general-dis...)

@davj As always, appreciate your support David!

@davj as an active Arc customer, do you find the Capital or Banking product to be more useful to Fondo? Any feedback on either product? We live to serve & I am humbled to work with such a great company like yours 🚀

@don_muir thank you Don! I find both super useful. I love how easy Arc is to get started and to use. The user experience, design, and customer support is top notch!

@davj that’s great to hear. Just wait until we push V2 to your Arc Account in Q3 👀

@scmille Thanks for your thoughtful feedback. We believe good design is they key to a better banking experience - glad you took notice!

@renee_lee3 Thanks Renee for your support!

@alp_artar built for founders, by founders!

@alp_artar for founders by founders 🤝