Archway Software

About Archway Software

Archway Software, established in 2022 and formerly known as Pike Street Labs, provides a financial software platform aimed at modernizing digital customer interactions for community and regional banks. The company originated as an innovation lab within WaFd Bank, conceptualized by WaFd Bank CEO Brent Beardall and Archway Chairman Steve Singh to develop a robust technology layer for the bank's growth. It was later spun out to offer its platform and solutions to other financial institutions. The company is headquartered in Redmond, WA.

The firm is led by President and founder Dustin Hubbard, a technology veteran with nearly 15 years of experience at Microsoft leading incubation projects and products in enterprise software and gaming. His background includes building and selling a digital transformation company in the insurance sector before transitioning to WaFd to redefine digital banking, which laid the groundwork for Archway.

Archway's core offering is a platform that provides a single access point, via an API, to connect a bank's internal technology infrastructure with consumer-facing applications such as budgeting apps or loan application workflows. This enables regional and community banks to integrate their core banking products with modern web, mobile, voice, and AI technologies, allowing them to compete more effectively with larger national and global competitors. The platform is designed with a cloud-native approach to abstract the complexity of legacy banking systems. It also assists banks in consolidating and integrating their data to create a single source of truth for decision support.

The company operates on a B2B, Software-as-a-Service (SaaS) model, targeting the more than 10,000 community and regional banks in the United States. Since its inception, Archway has secured a total of $22 million in funding over two Series A rounds. The initial round in February 2023 raised $15 million, led by Madrona Venture Group and WaFd Bank. A subsequent round in November 2024 brought in an additional $7 million. In September 2024, Archway executed a merger and acquisition with Stratify.