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Arc — Software-driven banking & growth capital for startups
Open accounts in minutes, manage everyday banking needs without fees, safeguard cash, maximize yield, and access capital—all in one platform in partnership with trusted banks. [Arc is a technology company, not a bank: arc.tech/general-disclosures]
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@nlombardo do you plan to launch in other geographies? I am sure there’s demand in Europe!
@anhthochuong Yes - we want to make Arc available in Europe. We don't have a solid timeline to announce today, but it's something we're exploring and excited about.
@nlombardo awesome! We will start testing you with out US entity and continue with the EU one when you launch ☺️🥳
@nlombardo
Seems like Arc is already a one-stop-shop for cash/capital. Would love to see what innovation looks like on the VC/equity side given that is such an important piece of the startup journey. How can you help founders make smarter decisions when it comes to raising capital in equity rounds? Have you thought about that?
@dmirabile5 Great question. Given we bank startups and underwrite many of them for non-dilutive financing already, we're often close to our customers when they're thinking about raising equity rounds.
Today, we haven't productized much on the equity side, but we tap into our VC investor network for introductions and provide advice around overall financing strategy. As we build out our community of startup banking (and increasingly VC banking) customers, there is more we'll look to productize.
It's hard to keep the subtle differences straight when it comes to fintech banking. A lot of the neobank differentiation is surface level - better service, better credit products, better rates... Arc nails all of that and leads to market in each of these areas (dedicated relationship managers, venture debt + working capital + ABLs..., highest yields on treasuries...). More transformational, however, and really bucking the trend in fintech is the focus on building this product atop too big to fail bank partners like BNY Mellon Pershing, and relentlessly growing that list. Lots to love about this solution! (disclosures: https://www.arc.tech/general-dis...)
@basile_senesi1 I agree it’s extremely hard to keep up with the subtle differences of the crowded space of fintech banking. So is Arc’s differentiator from said crowded space that you offer it all as opposed to one or 2 things really well? How are you selling this value to founders who aren’t financial/understand the value or may not need all of the value you offer?
BNY Mellon 😬🙈 for a 2023 banking platform imshocked! I’m just going to assume some radical digital transformation happened with them - I used to work for Morningstar, MS built their systems around BNY, arguably the worst banking tech I’ve ever seen in my life most outdated processes in fact MS stopped doing business with them - it was that bad! just seeing their name associated with the future of banking made me do a double take 🤯 of shock lol I would never put future of banking and their bank in the same sentence (at least hope the people you’re talking to don’t have the insight I do on banking, BNY is like the antithesis of what you’re doing)
it’s really hard to keep up with the saturation of this market, but I look forward to keeping an eye on how this fintech product solves your target markets problems!
@ashleylivingagile our differentiator is that we offer the best and most diverse passive cash management solutions for startups. Like our competitors, we also offer a very elegant front end UI for day to day banking, but our Treasury solution is the difference maker.
I know, BNY has come a long way, from a traditional offline bank to an API enabled player. We've been very grateful to partner with them to develop that further given the strength of their balance sheet and resilience!
Hey Product Hunt! 👋 Don from Arc, launching the software-driven banking & growth capital platform for startups.
We set out building Arc with a simple mission—to help startups grow. At the time, we didn’t anticipate how tumultuous the startup funding, banking, and operating environment would become over the next two years.
For startups, access to capital and FDIC coverage has never been more important. In turn, our founding principle to support the startup ecosystem has never been more clear.
And with that, we are incredibly excited to formally introduce Arc to the Product Hunt community.
A few guiding principles around Arc’s platform 👇:
1. Become the one-stop-shop for all things startup finance (banking, funding & spending)
2. Prioritize the trust & safety of our customers by partnering with trusted financial institutions
3. Build enduring products that drive value to startups during both good times and bad
Enter Arc—your full-service finance platform and startup command center.
With Arc’s banking platform you can:
⏱️ Open a business account in <10 minutes
🆓 Manage everyday banking & finance needs without fees
📈 Generate market-leading yield on idle cash
🏦 Automatically diversify deposits across dozens of FDIC-insured banks
💵 Quickly access non-dilutive capital in-app at competitive terms
Our team of Arc-itects has worked hard towards this launch but we have a long way to go. In that vein, we’d love your feedback on our product! Please leave your comments below or you can reach us at founders (AT) arc.tech.
P.S. As a one-time Product Hunt promotion, we’re offering a $2.5K cash bonus for deposits >$250K made into your Primary account through the end of July. Bonuses will be paid out one month after initial deposit contingent on funds remaining in place over the period. To redeem, simply reply to your onboarding welcome email with the promo code. You can get started here.
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Arc is a financial technology company, not a bank or an investment advisor. Banking services provided by Evolve Bank & Trust, Member FDIC. All investment advisory services provided by Helium Advisors LLC. Arc receives compensation as a percentage of assets managed by Helium for promoting Helium’s investment advisory services. Brokerage services provided by BNY Mellon Pershing, Member SIPC, through a clearing and custody partnership with Helium. Read additional disclosures here.
@don_muir startups deserve top tier AI-driven banking platform service like this from Arc! All the other traditional financial institutions keep providing sub par service and its the startups that suffer. I can't express how badly founders and growth minded entrepreneurs need this!
@bobbynovoa @scottperket great teams build great products... and Bobby definitely has a very big part to play in that!
@manna Appreciate the support! We listen to our customers closely, and take their feedback to heart. What they liked and didn't like about experiences with other options in the market inspires much of what we build!
@azianmike Appreciate all your support Mike! We've found that giving users direct buying access + a menu of options across bank sweeps, money market funds, and T-Bills has been helpful in allowing for flexibility as companies' cash management goals shift over time.
@azianmike we're all about balancing liquidity, returns, and protection... and giving our customers the tools to do exactly that. On their terms. We're glad you like it!
Before Arc, it took 2 weeks to set up a basic bank account with a traditional bank, including wasting time on customer service hold, and not including having to set up a meeting just to get a debit card!! 😵💫 For the same amount of financing we’ve gotten with Arc, countless hours we had wasted pitching investors to give away equity 😭 Not to mention all the cash sitting in an old banking system where our idle cash was losing value 🔥💸🔥 The list goes on. Finally (‼️) Arc is our core business platform!! So seamless - clearly designed to help us build, grow, & win. Today, Arc is just the best DEAL for startups. It’s easy. It’s peace of mind.
@apolack we're convinced startup banking is broken - the big guys just don't understand startups, and they are so painful to deal with. We're big believers in building a safe, frictionless banking experience, and that means giving customers the best cash management tools, and seamless access to financing to keep growing! Grateful for your support, and glad we could be a part of your story!
Arc is the absolute best! We've been using it since early days and couldn't be happier with the product, service and support
Congrats on launch! We work with Arc through Stripe BaaS and I've been particularly impressed by the Arc team and product velocity—especially in recent months. They're tackling a long-standing pain point for startups. Excited to follow their progress!
Arc has become widely used and well-regarded in the YC Community, which has high standards for products like this. Many YC companies tell us they love Arc and have had a great experience.
In the wake of the SVB & FRB collapses earlier this year, the startup world desperately needs high quality banking products designed for tech companies. Arc elegantly solves the issue of FDIC limits to ensure that your money can't ever be vulnerable to a bank run, while also bundling all the modern features you would expect from a banking product.
@snowmaker we're proud to have built a product tailored for YC startups. Building is hard enough, cash management shouldn't be something founders have to lose sleep over. We believe in diversifying bank deposits without adding work - and there's no community more in tune with that message than YC!
@snowmaker you absolutely nailed it! We're building the future of startup finance, which combines the personalization of regional banks with the balance sheet security of too-big-to-fail banks!
@snowmaker you're right about the startup world needing high quality banking products, which Arc provides. I hired someone from SVB while I was at Brex and he told me they were still using the same systems from when I was at SVB 10 years ago. Banks just aren't putting enough energy into what startups really need!
@sentry_co Hey Andre - international expansion is definitely on our list! We're hard at work perfecting Arc for US startups today, but we believe that the problems we are solving are universal. We're going to be taking this to a European country near you in the not so distant future!
This is exceptional: it's about time we had a software-first solution to digital banking for startups. I know dozens of Arc users and they're all extremely happy with the product. Great work @don_muir and the rest of the Arc team!
@don_muir @ashwin_kumar helps to have a killer BaaS partner! Building this on top of Stripe has been a game changer for our product velocity!
@ashwin_kumar You and the Stripe team have been phenomenal partners. Thanks for helping us get the product to where it is today, and I'm excited for what's on the horizon!
@coryokeefe @lunera Great question! Short answer: Higher Yield, Higher FDIC coverage, better financing options. All in what we think is an even better UI (and that's saying something!)
Like Mercury, we offer checking and savings accounts, and cards and have a great digitally native UI.
Unlike Mercury, we offer much more in the way of idle cash management - our treasury product has more options, no minimums, and higher rates. We also offer more debt options - from RBF to ABL and Venture Debt.
Of course, my personal favorite: Arc customers have a dedicated relationship manager who knows their business and that they can contact any time, not round robin chat support!
@coryokeefe unlike any other product in the market, Arc is the only platform with (i) customizable brokerage offering that allows users to invest directly in Money Market Funds, US Treasury Bills and FDIC cash sweeps, and (ii) embedded financing where customers can instantly access growth capital without dilution in-app.
The Arc team has executed at incredible speed over the last two years and built products that founders truly love. I've been impressed with how quickly they shipped badly needed products in the wake of SVB falling. Don, Nick, Raven and team are always putting the customer first, not something to be taken for granted in fintechs today. Congrats Arc on your PH launch!
@kyle_vamvouris We're super grateful for your support Kyle! It's been awesome getting to work closely with you and Vouris to set your banking on auto pilot and let you get back to doing what you guys do best!
Recent times have shown that companies need to work with trusted partners, like Arc to manage their treasury. Congrats on the launch!!
@jacobclaerhout Thanks for the support! We've focused a lot on customer deposit safety by working with trusted bank partners and providing optionality when it comes to where to store funds (super-FDIC insurance bank sweeps, U.S.-backed T-Bills, systemically important banks, etc.).
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