A
ARQ
Offers a mobile app and digital dollar account for managing and exchanging currencies. Formerly DolarApp
About ARQ
ARQ, formerly DolarApp, is a financial technology startup that aims to simplify and reduce the cost of currency exchange and international transfers. The company operates in the financial services market, primarily serving individuals who frequently travel or conduct business in the United States.
The company's main offering is an application that allows users to exchange their local currency for US dollars at competitive rates, without the need for a traditional currency exchange house. This service is particularly beneficial for those who often make purchases abroad or need to transfer money to and from the US, as it eliminates hidden costs and commissions typically associated with these transactions.
In addition to currency exchange, ARQ also provides a platform for digital dollar investments. Users can send money via SPEI (an electronic funds transfer system in Mexico), which is then automatically converted into digital dollars at an excellent exchange rate. This feature makes ARQ a valuable tool for those looking to invest in dollars or spend less on exchange rates.
ARQ's business model is based on charging a flat fee of 3 dollars for transfers to and from the US, which is significantly lower than traditional banks or exchange houses. This approach has allowed the company to save its users millions of dollars in commissions.
In summary, ARQ is a user-friendly, cost-effective solution for currency exchange, international transfers, and digital dollar investments.
Source: Dealroom company dataAt a glance
- Status
- Operational
- Founded
- 2021
- Headquarters
- Mexico City, Mexico
- Employees
- 187
- Open positions
- 2
- Dealroom signal
- 94.4/100
- Industry
- Fintech
- Sub-industry
- Payments
- Sector
- Fintech, Currency Exchange, Mobile Payment, Digital Bank, Crypto Exchange, Crypto and Web 3.0 Infrastructure, Crypto Banking, YC S21
- Technology
- Mobile app
- Business model
- SaaS
- Client focus
- b2b, b2c
Knowledge graph
More headlines
Open roles
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| EARLY VCOther financing | Mar 2026 | $70M | $280M | Sequoia · Founders Fund · Nicolas Szekasy. · Hernan Kazah | ↗ |
| SEEDOther financing | Sep 2022 | $5M | $20M | KaszeK Ventures · Y Combinator | ↗ |
Growth signals
Latest recorded traffic for ARQ is 380K monthly website visits, down 33.3% over the last three months. ARQ's team grew 58.5% over the past year.
Open positions
Similar companies
Company identity and context are open; selected comparison metrics preview what is available on the platform.
Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed2 investors entered at this stage
Series A5 investors entered at this stage
99 Startups
Sequoia
Founders Fund
Nicolas Szekasy.
Hernan Kazah
Other known investors1 additional known investor
Google for Startups Accelerator
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about ARQ on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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