Arc Expands Internationally, Enabling Global Businesses to Invest in U.S. Fixed Income Securities via Arc Platform

Arc, the future of finance for modern technology companies, today announced it has expanded the availability of its enterprise-grade Treasury product to serve qualifying non-U.S. entities. Through Global Treasury, qualifying companies* can invest their cash through a brokerage account held at Pershing Advisor Solutions LLC, a business of BNY Mellon, N.A., while also investing in money market funds and U.S. Treasury Bills.** The products available can provide a yield of up to ~5.3% net APY (as of 11/8/23).

Since introducing the Arc Global offering via a closed beta just over a month ago with existing customers and a backlog of pent-up demand, Arc has received over $500M in inbound interest from dozens of global startups.

“Serving global technology companies has been on the roadmap since day one,” said Don Muir, CEO and Co-Founder of Arc. “After building Arc’s Treasury platform in stealth and onboarding hundreds of millions in deposits from U.S. entities in recent months, we’re eager to start serving global businesses. The positive feedback and traction we received during our closed beta has reinforced our confidence in our product suite and how we’re adding value to a broader set of customers.”

“It’s no secret that investing in U.S. fixed-income securities is of interest to startups located outside of the United States,” said Mert Deveci, CEO of GodMode. “The challenge is that before Arc there was no easy or straightforward way to do so. The legacy institutions can sometimes take months to approve a new account and days to approve a transaction. Through Arc’s partners, we can execute transactions, submit orders with confidence, and understand the approximate yield that can be earned ahead of time—that experience is virtually unmatched.”**

“Our portfolio contains growth-stage companies located both domestically and abroad,“ said Dan Ahrens - Managing Partner of Left Lane Capital. “Arc, also a Left Lane portfolio company, is uniquely positioned to serve both of their treasury needs seamlessly. We’re excited to support their next phase of growth as they serve global businesses.”

Arc’s international expansion comes on the heels of the introduction of Arc Platinum, the premium cash management experience for modern technology companies. Arc Platinum membership features yield-bearing operating accounts with deposits held across a diverse set of financial partners, waived Arc treasury management fees, and monthly health & wellness reimbursements. Arc Platinum provides substantial savings each year for the average venture-backed startup compared to the traditional banking stack. Arc is tracking towards a 10x YoY growth in deposits in 2023, with growth accelerating following the launch of Platinum.

Interested startups should request an invite to determine eligibility: arc.tech/global-treasury

About Arc
Arc is the future of finance for modern technology companies. Founded in 2021, Arc makes available the financial products startups deserve, including cash and treasury management as well as embedded financing. The company is based in San Francisco and is funded by Left Lane Capital, NFX, Bain Capital Ventures, Clocktower Technology Ventures, Torch Capital, and Y Combinator, among others. To learn more, visit arc.tech.

Disclosures

* Arc Global Treasury is only available to qualifying companies in select jurisdictions. Local restrictions and minimum requirements apply. U.K. applicants must qualify as high net worth companies—bodies corporate with either (i) 20+ members and at least £500,000 in called-up share capital or net assets; or (ii) £5 million in called-up share capital or net assets. Non-qualifying applicants should not apply.

** Arc has an engagement with Atomic Invest, LLC, an SEC-registered investment adviser which provides advisory services to customers of Arc. Arc receives compensation as a percentage of assets managed by Atomic Invest for promoting their advisory services. Companies which are engaged by Atomic Invest receive compensation of 0% to 0.85% annualized, payable monthly, based upon assets under management for each referred client who establishes an account with Atomic Invest (i.e., exact payment will differ by Company). If applicable, Atomic Invest also shares a percentage of compensation received from margin interest and free cash interest earned by customers of Arc. Arc is not a client of Atomic Invest, but Arc’s relationship with Atomic invest gives Arc an incentive to refer companies to Atomic Invest instead of another investment adviser. This conflict of interest affects Arc’s ability to provide companies with unbiased, objective information about the services of Atomic Invest. This could mean that the services of another investment adviser with whom Arc is not engaged could be more appropriate than Atomic Invest. Brokerage services are provided by Pershing Advisor Solutions LLC, Member SIPC, a business of BNY Mellon, N.A., through a clearing and custody relationship with Pershing LLC. Read additional disclosures, including the Atomic Invest Form CRS and Form ADV Part 2A, here. Arc is a financial technology company, not a bank or an investment advisor.

Contact Information

Austin Beveridge

Head of Marketing

Arc

abeveridge@arc.tech