Arro Finance Asset Profile

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Year established

2021

Location

Los Angeles CA US

Primary Industry

Financial Services

About

Founded in 2021 and based in the US, Arro is a fintech business that is globalizing credit. Ryan Duitch (CEO) and Luke Pelullo (COO) are the co-founders of the company. In October 2022, Arro raised USD 10 million in Seed funding from Crosslink Capital, including BAM Ventures, Bling Capital, Global Founders Capital, and Western Technology Investment. The company provides a low-interest credit card and a financial literacy app for customers to grow their credit lines. Arro provides a credit platform that enables its users to increase their credit limit and decrease their interest rate by learning and engaging in positive financial behaviors and tracking and building credit scores over time through a financial wellness path. The startup generates revenue through its subscription plan, which includes a monthly fee of USD 1 for its early members. The organization plans to use the October 2022 funding to get the product live, work on operations, build out the team, and technology development, and have the right amount of runway to support customers.

Current Investors

Crosslink Capital, Western Technology Investment, Global Founders Capital

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Primary Industry

Financial Services

Sub Industries

Credit Collections & Services, e-Financial

Website

www.arrofinance.com

Verticals

Cloud Computing, Mobile Apps

Company Stage

Angel & Seed

Total Amount Raised

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