ARQ (formerly DolarApp) is a stablecoin-based financial platform for consumers across the Americas. It offers multi-currency accounts, digital wallets, foreign exchange, debit cards, and cross-border payments using stablecoins like USDC. The platform bridges traditional banking with stablecoin infrastructure, targeting affluent consumers and professionals in Latin America.
ARQ (formerly DolarApp) is a stablecoin-based financial platform for consumers across the Americas. It offers multi-currency accounts, digital wallets, foreign exchange, debit cards, and cross-border payments using stablecoins like USDC. The platform bridges traditional banking with stablecoin infrastructure, targeting affluent consumers and professionals in Latin America.
Founded as DolarApp in Mexico, ARQ was built by former Revolut executives Fernando Terrés, Zach Garman, and Álvaro Correa to give Latin Americans access to USD-denominated financial services. After surpassing 2 million users and $10B in annualized transaction volume, the company rebranded as ARQ in March 2026 following a $70M raise from Sequoia Capital and Founders Fund.
ARQ (formerly DolarApp) secured $70 million in funding led by Sequoia Capital and Founders Fund, along with Kaszek. The round follows the company surpassing 2 million users and $10 billion in annualized transaction volume across Latin America.
DolarApp officially rebranded as ARQ to reflect its evolution into a comprehensive financial platform integrating investing, spending, and credit services beyond its original USD account product.
ARQ grew to over 100 employees with offices spanning New York, Buenos Aires, São Paulo, Kraków, Mexico City, Bogotá, and London, reflecting its regional expansion strategy.
ARQ reached 2 million users across Latin America with annualized transaction volume exceeding $10 billion, establishing itself as a leading stablecoin financial platform in the region.
ARQ announced the launch of its Prestige credit card, deepening its engagement in lending and credit services for consumers across Latin America as part of its expanded financial platform strategy.
DolarApp rebranded to ARQ to reflect its expansion beyond cross-border payments into a unified global financial platform covering investing, credit, and everyday spending for affluent consumers in the Americas.
After its Mexico, Colombia and Argentina launches, ARQ expanded its platform to Brazil, completing coverage of the four largest Latin American consumer fintech markets.
ARQ is highlighted by Y Combinator as a leading global financial platform for affluent consumers in the Americas, connecting traditional banking with stablecoin infrastructure.
DolarApp went live in Mexico in 2022 with an app letting users open accounts and instantly convert Mexican pesos to USD stablecoins.
DolarApp, founded by ex-Revolut team Fernando Terres, Alvaro Correa and Zach Garman, closed a $5M seed round led by YC and Kaszek with 50+ angels to launch its Mexico-based dollar/stablecoin app.
Co-Founder & CEO
Previously Revolut
Fernando Terrés is the Co-Founder and CEO of ARQ (formerly DolarApp), a stablecoin-based financial platform for the Americas. He previously worked at Revolut and co-founded the company to bring USD-denominated financial services to Latin American consumers.
Co-Founder & CPO
Previously Revolut
Zach Garman is the Co-Founder and Chief Product Officer of ARQ (formerly DolarApp). A former Revolut executive, he leads product strategy for the stablecoin financial platform serving 2M+ users in Latin America.
Co-Founder & COO
Previously Executive at Revolut
Co-founder and COO of ARQ (formerly DolarApp); previously on the executive team at Revolut.
Co-Founder & COO
Previously Revolut
Álvaro Correa is the Co-Founder and Chief Operating Officer of ARQ (formerly DolarApp), helping build out operations across Latin America for the stablecoin banking platform.
Co-Founder & CPO
Previously Executive at Revolut
Co-founder and Chief Product Officer of ARQ (formerly DolarApp); previously on the executive team at Revolut working on crypto and premium products.
$70M raised total
No H1B sponsorship data available for this company.
