ARQ
ARQ is a Latin American fintech offering stablecoin-based digital dollar and euro accounts, cross-border payments, a borderless ARQ Card, and wealth and credit products to over 2 million consumers and SMBs across Mexico, Argentina, Colombia, and Brazil.
- Company typePrivate
- Founded2020
- HeadquartersMexico City, Mexico
- Headcount11–50
- GTM typeB2C
- OfferingServices
What ARQ does
ARQ, formerly DolarApp, is a Latin American fintech founded in 2020 that provides individual consumers and small businesses in Mexico, Argentina, Colombia, and Brazil with digital dollar and euro accounts built on stablecoin infrastructure (USDC, EURc). The platform bridges traditional banking networks with stablecoin payment rails, enabling users to hold, convert, send, and receive funds across local currencies (MXN, ARS, COP, BRL) and digital dollars/euros at real market rates, alongside a borderless ARQ Card with cashback for domestic and international spending.
The company's product suite includes the core ARQ mobile and web app (Personal and Business tiers), a Global Account with US and European account details, the ARQ Card, wealth management and investment accounts (with advisory provided via the licensed Mexican entity GRP Tech MX 1.0 S.A. de C.V.), high-yield local-currency accounts, cross-border payments, and credit products including the Prestige Credit Card. ARQ has integrated with Mastercard's stablecoin settlement network and the Tempo blockchain (backed by Stripe and Paradigm), positioning it as financial infrastructure rather than a standalone wallet.
ARQ makes money primarily through conversion spreads on stablecoin transactions, interchange from card spending, and advisory or distribution fees on investment products. The go-to-market is product-led and direct-to-consumer, with self-serve onboarding via mobile app (iOS/Android) and web. Following a $70 million Series B in March 2026 led by Sequoia Capital and Founders Fund, the company rebranded from DolarApp to ARQ and is scaling headcount across seven global offices to support a multi-product expansion into credit, lending, and wealth management.
ARQ firmographics
Firmographics- Name
- ARQ
- Legal name
- DolarApp Inc.
- Website
- https://dolarapp.com
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- ARQ is a Latin American fintech offering stablecoin-based digital dollar and euro accounts, cross-border payments, a borderless ARQ Card, and wealth and credit products to over 2 million consumers and SMBs across Mexico, Argentina, Colombia, and Brazil.
- Ownership category
- akta.pro rank
ARQ industry classification
Industry- Product category
- Digital Banking
- NAICS
- Credit Card Issuing (522210), Finance and Insurance (52)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Cross-Border & FX Payments Platforms (BPAMAFAK)
- akta.pro secondary industries
- Multi-Currency Accounts, Wallets & IBAN Services (FSAMAIAG), Cross-border Payments, FX & Multi-currency Checkout (CRAFAJAF)
Keywords
Where ARQ is headquartered
LocationHeadquarters
- HQ city
- Mexico City
- HQ country
- Mexico
- HQ region
- Latin America
Offices7 records
Markets served
ARQ business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure
Revenue model
- Currency Conversion and Transfer Fees: ARQ generates revenue through spreads and fees on USDC and EURc conversions between local currencies (MXN, ARS, COP, BRL) and stablecoins. Cross-border payment services likely incur transaction fees or conversion margins.
- Credit Card Interchange: The ARQ Card (including the Prestige Credit Card) generates interchange revenue on card transactions processed domestically and internationally.
- Wealth Management and Investment Advisory: Investment advisory services are provided by GRP Tech MX 1.0 S.A. de C.V., an Independent Investment Adviser, likely generating advisory fees or revenue share from investment product distribution.
- High-Yield Local Currency Accounts: ARQ offers high-yield accounts in local currencies, which may generate revenue through the spread between the yield paid to users and the yield earned by the platform on idle balances.
Go-to-market motion2 records
Distribution channels3 records
Marketing channels6 records
ARQ product offering
Product offeringCore offering
ARQ operates a mobile-first financial platform that lets users in Latin America hold, convert, and transfer digital dollars (USDc) and digital euros (EURc) at real market rates. The platform bundles cross-border payments, a borderless ARQ Card with cashback, a Global Account with US and European details, high-yield local-currency accounts, and wealth management and investment access to global stocks and ETFs.
Product overview
ARQ is a unified financial super-app serving Latin American users across Mexico, Argentina, Colombia, and Brazil, built on stablecoin infrastructure that bridges traditional banking networks with digital asset payment systems. The platform is organized around a core mobile application offered in both Personal and Business variants, supplemented by a growing suite of financial products including the ARQ Card (a borderless credit card with cashback), a Global Account providing US and European account details for international payments, Wealth Management and Investment accounts offering access to stocks and ETFs, High-Yield Local Currency Accounts, Cross-Border Payments leveraging stablecoin rails, and Credit Products including the Prestige Credit Card. The company, formerly known as DolarApp, rebranded in March 2026 following a $70 million funding round to expand from dollar-denominated transfers into a full-spectrum financial platform.
Differentiator
Problem solved
Functional benefit
Products and services
- ARQ App (Personal) Mobile financial application for individual users in Latin America to hold, convert, and transfer digital dollars (USDc) and digital euros (EURc) at real market rates without hidden fees.
- ARQ App (Business) Business version of the ARQ platform for companies managing global payments, cross-border transactions, and international settlements using stablecoins.
- ARQ Card Borderless credit card enabling domestic and international payments at leading conversion rates with cashback rewards, supporting digital dollar and euro balances.
- Global Account Multi-currency account providing users with their own US and Europe-based account details for receiving and sending international payments at real conversion rates.
- Wealth Management and Investment Accounts Investment accounts providing access to earnings accounts and leading global stocks and ETFs, with investment advisory services provided by GRP Tech MX 1.0 S.A. de C.V.
- High-Yield Local Currency Accounts Interest-bearing accounts denominated in local Latin American currencies, designed to help users grow wealth in their home markets alongside dollar and euro holdings.
- Cross-Border Payments Payment services enabling transfers between the US, Europe, and Latin America using stablecoin infrastructure to bridge traditional banking networks with digital asset payment rails.
- Credit Products Lending and credit services offered as part of ARQ's expanded financial services, including the Prestige Credit Card product tier.
Quantifiable outcome
- Over 2 million customers across Latin America using the platform
- +3 more outcomes
Companies that use ARQ
Customer profileNamed customers3 records
Segments2 records
Ideal customer profiles2 records
ARQ technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration4 records
Feature6 records
ARQ partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered flagship and core.
- MastercardflagshipARQ is one of the first partners globally to integrate with Mastercard's expanded stablecoin settlement capability, announced June 3, 2026. This enables ARQ to settle card transactions using regulated stablecoins (USDC, PYUSD, RLUSD, SoFiUSD) across blockchain networks including Ethereum, Solana, Polygon, Arbitrum, Base, and XRPL. The integration enables intraday, weekend, and holiday settlement — capabilities unavailable through traditional card networks.
- Tempo (Stripe & Paradigm)coreARQ is collaborating with Tempo, the blockchain network co-built by payments company Stripe and venture firm Paradigm, to build stablecoin payment infrastructure. Tempo launched a stablecoin advisory unit in April 2026 with ARQ as a named ecosystem partner alongside DoorDash, Visa, Fifth Third Bank, and Howard Hughes Holdings. The partnership positions ARQ as part of a major institutional push to bring stablecoin rails to mainstream payments.
Scale indicators6 records
Recent moves7 records
Expansion highlights6 records
ARQ competitors and assessment
Company assessmentBroad incumbents
- Mercado Pago: Mercado Pago, the fintech arm of Mercado Libre, is the dominant consumer wallet and payment platform across Brazil, Argentina, and Mexico with hundreds of millions of users. It is broadly comparable to ARQ in serving LatAm consumers with digital payment accounts, cards, and cross-border features, though it is a much larger incumbent with broader merchant services.
- Nubank: Nubank is the largest neobank in Latin America with 100M+ customers across Brazil, Mexico, and Colombia. It is comparable to ARQ as a mobile-first consumer financial platform targeting similar demographics, though Nubank's product set spans credit cards, personal loans, and deposits at a much larger scale.
- Banco Azteca: Banco Azteca is a large Mexican retail bank with deep distribution among Latin American consumers and remittance corridors. It is comparable to ARQ as a mass-market financial services provider serving similar demographics in Mexico, though it is a traditional bank rather than a stablecoin-native platform.
Direct peers
- Bitso: Bitso is a LatAm-focused cryptocurrency exchange and stablecoin on/off-ramp operating in Mexico, Argentina, Brazil, and Colombia. It is directly comparable to ARQ in providing USDC rails, peso/dollar conversion, and cross-border transfers to retail and business customers in the same geographic footprint.
- Ualá: Ualá is an Argentine neobank offering digital accounts, prepaid cards, and cross-border payment features across Argentina and Mexico. It overlaps directly with ARQ's consumer wallet and card proposition in Argentina and is pursuing similar expansion into financial services beyond basic accounts.
- Lemon Cash: Lemon Cash is an Argentine crypto-fintech app offering dollar accounts via stablecoins, cards, and investment products. It is a direct competitor to ARQ in the Argentine stablecoin wallet segment with a similar target user seeking dollar exposure amid currency volatility.
- Wise (formerly TransferWise): Wise is a global cross-border payments platform offering multi-currency accounts and low-cost international transfers. It is directly comparable to ARQ's Global Account and cross-border payment products, though Wise focuses on developed-market corridors while ARQ targets LatAm emerging markets.
- Remitly: Remitly is a digital remittance platform serving Latin American and other corridors from the US and Europe. It overlaps with ARQ's cross-border payment positioning toward Latin American consumers, though Remitly is a remittance-first model while ARQ combines this with a broader wallet offering.
Regional players
- Clip: Clip is a Mexican payments and POS fintech providing card acceptance and digital payment solutions. While primarily merchant-focused in Mexico, it represents an adjacent competitor in the Mexican fintech ecosystem targeting similar SMB and consumer segments that ARQ also serves.
- Konfío: Konfío is a Mexican SMB-focused digital lender providing credit and business banking. It is comparable to ARQ's emerging business and lending products in the Mexican market, though Konfío focuses on SMB credit while ARQ is broadening from consumer payments.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks7 records
Key highlights7 records
Customer concentration
ARQ social profiles
Digital presenceARQ financial estimates
Financial estimateRevenue estimate
Valuation estimate
ARQ leadership team
Management profileNumber of profiles
Profiles1 record
ARQ funding detail
Funding detailFunding overview
Funding rounds4 records
Investors6 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
ARQ M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about ARQ
What does ARQ do?
ARQ operates a mobile-first financial platform that lets users in Latin America hold, convert, and transfer digital dollars (USDc) and digital euros (EURc) at real market rates. The platform bundles cross-border payments, a borderless ARQ Card with cashback, a Global Account with US and European details, high-yield local-currency accounts, and wealth management and investment access to global stocks and ETFs.
Is ARQ a public or private company?
ARQ is a private company. It is classified as venture growth investor backed and is currently operating.
When was ARQ founded?
ARQ was founded in 2020. It employs 11 to 50 people.
Where is ARQ based?
ARQ is headquartered in Mexico City, Mexico, in the Latin America region.
How does ARQ make money?
Four revenue lines are on record. Currency Conversion and Transfer Fees are the primary driver. The others are credit Card Interchange, wealth Management and Investment Advisory and high-Yield Local Currency Accounts.
Who are ARQ's main competitors?
Broad incumbents on record are Mercado Pago, Nubank and Banco Azteca. Direct peers are Bitso, Ualá, Lemon Cash, Wise (formerly TransferWise) and Remitly. Regional players are Clip and Konfío.
Does ARQ have an API?
No public API is recorded for ARQ.
What industry is ARQ in?
ARQ's product category is Digital Banking. Its primary akta.pro industry code is BPAMAFAK, Cross-Border & FX Payments Platforms, with a secondary code of FSAMAIAG, Multi-Currency Accounts, Wallets & IBAN Services. Its NAICS code is 522210 and its SIC code is 6199.