ARQ, a Latin American financial application formerly known as DolarApp, has successfully raised $70 million in funding, backed by prominent venture capital firms Sequoia Capital and Founders Fund. This financial boost will aid in the company’s rebranding efforts and support new hires as ARQ aims to expand its services beyond dollar-denominated transfers to include a broader range of multi-currency offerings. The platform provides users with multi-currency accounts, digital wallets, foreign exchange services, and debit cards, facilitating cross-border storage and transfer of funds.
ARQ Raises $70 Million to Expand Services Beyond Dollar Transfers
