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ARQ

YC S21

London, GB · Founded 2021 · 100 employees · Hiring · 16 known investors

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ARQ Finance (formerly DolarApp) is a digital financial platform that enables currency exchange to digital dollars and euros, international payments, and investment access to global markets. It serves individuals seeking low-cost cross-border transactions and international investment opportunities.

Also known as DolarApp Inc. · DolarApp

Crypto & Web3FintechCrypto / Web3United KingdomEuropePartly Remote

Founders & leadership· Y Combinator alumni (S21)

ARQ was founded in 2021 by Fernando Terrés, Zach Garman, Alvaro Correa, and Álvaro Correa Gallardo.

FTFernando Terrés
Fernando TerrésFounderFernando Terrés is CEO and co-founder of ARQ.
ZGZach Garman
Zach GarmanFounderZach Garman leads Product at DolarApp. He previously held a product leadership role at Revolut focused on cryptocurrency, co-founded an Ethereum-based digital identity initiative, and worked in financial services consulting.
ACAlvaro Correa
Alvaro CorreaFounder
ÁCÁlvaro Correa Gallardo
Álvaro Correa GallardoFounder
ÁC
Álvaro CorreaFounder

Investors · 16

Circle Ventureslisted by Circle Ventures

How we know: Circle Ventures's portfolio page · Y Combinator's founder network · Not right? Tell us

Founders Fundlisted by Founders FundSan Francisco · $500K – $5M

How we know: Founders Fund's portfolio page · funding news · bloomberg.com · open dataset · 5k.vc investor directory · Not right? Tell us

Kaszek Ventureslisted by Kaszek VenturesMontevideo

How we know: Kaszek Ventures's portfolio page · a partner's Signal profile · Y Combinator's founder network · open dataset · 5k.vc investor directory · Not right? Tell us

Sequoia Capitallisted by Sequoia CapitalMenlo Park · $100K – $50M

How we know: Sequoia Capital's portfolio page · funding news · bloomberg.com · Not right? Tell us

Y Combinatorlisted by Y CombinatorSan Francisco · $500K

How we know: the Y Combinator directory · open dataset · 5k.vc investor directory · Not right? Tell us

11 11 DG Partnersreported

How we know: Y Combinator's founder network · Not right? Tell us

Brevan Howard Digitalreported

How we know: Y Combinator's founder network · Not right? Tell us

Charles Delingpolereported

How we know: Y Combinator's founder network · Not right? Tell us

Generalist CapitalreportedNew York · $50K – $300K

How we know: Y Combinator's founder network · Not right? Tell us

Joey Krugreported

How we know: Y Combinator's founder network · Not right? Tell us

Lightspeed Venture PartnersreportedMenlo Park · $1M – $5M

How we know: Y Combinator's founder network · Not right? Tell us

Lunoreported

How we know: Y Combinator's founder network · Not right? Tell us

Quantumlight Capitalreported

How we know: Y Combinator's founder network · Not right? Tell us

StartupsreportedCdmx

How we know: Y Combinator's founder network · Not right? Tell us

Stripereported

How we know: Y Combinator's founder network · Not right? Tell us

Funding

SEC filings, press & company announcements

$70M disclosed across 1 round · 2026

Source: company announcements and press reports — follow each round's link for the claim.

Images

ARQ photo

Related companies · 9

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RemitlyRemitly is an international money transfer service that enables customers to send money across borders to multiple countries.
ConvictionParachute provides AI governance and compliance software for hospitals, automating the evaluation, deployment, and monitoring of clinical AI systems to reduce risk and accelerate pilot programs. The platform helps healthcare organizations manage bias, drift, and privacy issues while maintaining regulatory compliance and audit trails.
ClevaCleva provides USD accounts and virtual USD cards for receiving international payments, with features including ACH/wire transfers, currency conversion, rewards programs, and point redemptions. The platform serves freelancers, remote workers, and small businesses seeking to receive payments from global clients and employers.
NotabeneNotabene provides compliance and regulatory technology for crypto businesses and financial institutions, helping them meet regulatory requirements like the FATF Crypto Travel Rule through real-time screening, sanctions checks, and wallet identification.
HedgehogHedgehog provides automated portfolio management for cryptocurrency, allowing users to hold diversified baskets of digital assets spanning the majority of the crypto market.
StripeStripe provides financial infrastructure for businesses to accept payments, offer financial services, and implement custom revenue models across international markets in 135+ currencies.
ComunComún is a mobile financial platform for immigrants and the Latino community in the U.S., offering a U.S. checking account and debit card that can be opened without an SSN using a passport or official ID. It lets users receive pay, manage money, and send remittances to Latin America with no membership fees, minimum balance, or monthly charges.

Companies working in the same space as ARQ.

Legal entities · 1

corporate structure
DolarApp Inc.

In the news

DolarApp - the global account for people in LatAmycombinator.com · Sep 2022

Frequently asked questions

What does ARQ do?
ARQ Finance (formerly DolarApp) is a digital financial platform that enables currency exchange to digital dollars and euros, international payments, and investment access to global markets. It serves individuals seeking low-cost cross-border transactions and international investment opportunities.
Who founded ARQ?
ARQ was founded by Fernando Terrés, Zach Garman, Alvaro Correa, Álvaro Correa Gallardo in 2021.
Who are ARQ's investors?
ARQ's investors include Castle Island Ventures, Circle Ventures, Founders Fund, Kaszek Ventures, Sequoia Capital, Y Combinator, 11 11 DG Partners, Brevan Howard Digital and 8 more.
How much funding has ARQ raised?
ARQ has disclosed $70M raised across 1 round.
Where is ARQ headquartered?
ARQ is headquartered in London, GB.