Fundraising Fox

ARQ

YC S21

London, GB · Founded 2021 · 100 employees · Hiring · 4 known investors

Find your way into ARQ

10,937 people in our graph share verified history with the ARQ team — schools, employers, funds. One of them is your warm intro.

Hemant Tanejaunlockedknows Zach Garman · together at Y Combinator
×11knows the team · via Y Combinator

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

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 Terrésin𝕏CEO and co-founderFernando Terrés is CEO and co-founder of ARQ.
ZGZach Garman
Zach GarmaninFounderZach 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 CorreainFounder
ÁCÁlvaro Correa Gallardo
Álvaro Correa GallardoinFounder

Investors · 4

Castle Island VenturesBoston · $100K – $5M
Founders FundSan Francisco · $500K – $5M
Sequoia CapitalMenlo Park · $4.4M – $214M
Y CombinatorSan Francisco · $500K

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

Competitors · 4

by search overlap
Wise3505 shared keywordsWise is a financial platform offering international money transfers, multi-currency accounts, and debit cards with low fees and competitive exchange rates, serving millions of users globally.
Remitly1978 shared keywordsRemitly is an international money transfer service that enables customers to send money across borders to multiple countries.
Stripe947 shared keywordsStripe provides financial infrastructure for businesses to accept payments, offer financial services, and implement custom revenue models across international markets in 135+ currencies.
Comun787 shared keywordsComún 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 competing with ARQ for the same Google search keywords, organic and paid, via search-intersection analysis.

In the news

Tras inyección de capital por US$70 millones, DolarApp cambiará su nombre a ARQlarepublica.co · Apr 2026ARQ Raises $70M To Expand Stablecoin Banking In Latin Americaventureburn.com · Mar 2026DolarApp se transforma en ARQ y amplía su apuesta en Méxicoeleconomista.com.mx · Mar 2026La empresa que levantó US$70 millones y apuesta por competirle a los bancos - LA NACIONlanacion.com.ar · Mar 2026Sequoia, Founders Fund Back $70 Million Raise for Latam’s ARQ (DolarApp) - Bloombergbloomberg.com · Mar 2026DolarApp levanta US$ 70 millones y cambia de nombre para seguir desafiando a los bancos - Forbes Argentinaforbesargentina.com · Mar 2026DolarApp - 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, Founders Fund, Sequoia Capital, Y Combinator.
How much funding has ARQ raised?
ARQ has disclosed $70M raised across 1 round.
Where is ARQ headquartered?
ARQ is headquartered in London, GB.