ARQ Raises $70 Million From Sequoia and Founders Fund to Expand Stablecoin Finance in Latin America

TLDR:

• ARQ, formerly DolarApp, raised $70M with Sequoia Capital and Founders Fund leading the round.
• The company serves 2 million+ customers and has crossed $10 billion in annualized transaction volume.
• CEO Fernando Terrés plans to add wealth management, high-yield accounts, and credit card products.
• Latin America startup funding reached $6.2 billion in 2025, its strongest level since 2022. 

ARQ, a Latin American financial app built around stablecoins, has raised $70 million in new funding. Sequoia Capital and Founders Fund joined the round, supporting ARQ’s plans to expand beyond dollar-denominated transfers.

Formerly known as DolarApp, the company now serves over 2 million customers across Latin America. It has already surpassed $10 billion in annualized transaction volume. The fresh capital will support a rebrand and cover hiring costs as the company broadens its product lineup.

ARQ Broadens Its Financial Services Across Latin America

ARQ currently provides multi-currency accounts, digital wallets, currency exchange, and debit cards. These tools help users store and move money across borders with ease.

The company connects traditional banking networks with stablecoin-based payment systems. This setup allows users to hold and transact in foreign currencies more efficiently.

CEO Fernando Terrés outlined the company’s growth strategy in a recent interview. He stated, “We want to grow at a larger pace and expand our relationship with our customers by offering more products like wealth management, high yield accounts in local currencies, and going deeper into credit through our Prestige credit card.”

This gives a clear picture of where ARQ is headed. The company is moving well beyond its original dollar-transfer roots.

Stablecoins — digital tokens typically pegged to the US dollar — are gaining wider use across Latin America. Currency volatility and limited access to global banking have driven this growing demand.

ARQ has built an infrastructure that bridges traditional finance with stablecoin payment systems. This positions it well in a region where financial access remains uneven.

Sequoia and Founders Fund have a strong history of backing fintech leaders in the region. Both firms were early investors in Brazil’s Nubank. Nubank has since grown into one of the largest digital banks in the world.

Their participation in ARQ’s round adds considerable weight to the company’s regional expansion plans.

Latin American Venture Capital Activity Shows Signs of Recovery

Latin America’s startup funding totaled about $6.2 billion in 2025. That figure marks the highest level since 2022, when regional companies raised $9.4 billion.

PitchBook data shows a tentative recovery in venture activity across the region. This follows a sharp pullback from pandemic-era highs in prior years.

ARQ’s raise fits within a broader trend of renewed investor confidence. More capital is now flowing into fintech companies that address real financial gaps.

Latin America has long been a market where traditional banking services fall short. Startups offering alternative tools are finding a growing and ready audience.

The rebrand from DolarApp to ARQ reflects the company’s expanded focus. ARQ is no longer limited to dollar-denominated products only.

The new identity supports its push into local currency accounts and credit services. This move aligns with a wider and more comprehensive regional banking strategy.

With fresh capital secured, ARQ is well-placed to further scale its operations. The company plans to bring in more staff to support its expanding product suite.

ARQ, backed by two globally recognized venture firms, ARQ enters this next phase with strong momentum. Its growth will be closely watched across the Latin American fintech landscape.

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