Stablecoin financial platform ARQ completes $70 million funding, with participation from Sequoia Capital and Founders Fund

ZkProver · 2026-03-04T01:46:19+00:00

Latin American financial app ARQ completes $70 million funding, with investors including Sequoia Capital and Founders Fund. The funding will be used for rebranding and business expansion, offering wealth management, high-yield accounts, and credit services, serving over 2 million customers.

ZkProver

2026-03-04 01:46:19

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ChainCatcher reports that Latin American financial app ARQ, focused on stablecoins, has completed $70 million in funding, with participation from Sequoia Capital and Founders Fund.

This funding will be used for rebranding, hiring new staff, and expanding services beyond dollar-denominated transfers, including wealth management, high-yield local currency accounts, and lending. ARQ, formerly known as DolarApp, offers multi-currency accounts, digital wallets, foreign exchange, and debit cards to help users store and transfer funds across borders. It has over 2 million customers in Latin America, with annual transaction volume exceeding $10 billion. ARQ states that it has built infrastructure connecting traditional banking networks with stablecoin-based payment systems, enabling users to hold foreign currencies and conduct transactions.

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