ARQ
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
ARQ - overview
Established
2021
Location
Mexico City, -, Mexico
Primary Industry
Financial Services
About
Based in Mexico, and founded in 2021 by Fernando Terrés (CEO), Álvaro Correa Gallardo (COO), Zach Garman (CPO), DolarApp México, S. A. de C. V.
, trading under the name ARQ and formerly known as DolarApp, operates as a financial service company that allows users to send, pay or receive money in pesos or dollars from one account through the mobile app. In March 2026, ARQ raised USD 70 million in venture funding co-led by Founders Fund and Sequoia Capital with participation from Kaszek Ventures. other unspecified investors also participated in the round. DolarApp México, S.
A. de C. V. offers a mobile application known DollarApp that provides borderless money transfers with pesos or dollars.
The company offers international master cards that can be used anywhere, and users can secure/protect their accounts with two-factor authentication (2FA), 3-dimensional screen (3DS) payment, and the ability to freeze and unfreeze the card at any time. Users can access the mobile application via Android and iOS software. The company intends to use the March 2026 funding to support rebranding, hire new talent and expand its stablecoin-based financial services beyond its original transfer platform.
Current Investors
Y Combinator, Kaszek Ventures, Sequoia
Primary Industry
Financial Services
Sub Industries
e-Financial, Accounting/Finance Software
Website
www.arqfinance.com/
Verticals
FinTech, FinTech, Mobile Apps
Company Stage
Angel & Seed
Total Amount Raised
Subscriber access only
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.