ARQ, a financial technology firm specializing in stablecoin services in Latin America, has raised $70 million in a new financing round. Leading venture capital firms Sequoia Capital and Founders Fund participated, signaling strong institutional confidence in the region’s growing digital finance sector and ARQ’s strategy for cross-border financial solutions.
ARQ, formerly known as DolarApp, has rebranded in an effort to increase its presence in the cross-border financial services industry in Latin America. ARQ offers users multi-currency accounts, digital wallets, foreign exchange services, and debit cards.
With these services, users can store and transfer funds seamlessly while leveraging the benefits of stablecoins, which are used to avoid the risks associated with financial services in the region.
Strategic Use of Funds and Product Expansion
CEO Fernando Terrés confirmed that the funds will support the rebrand, new hires, and expansion beyond dollar-denominated transfers.
ARQ is planning to launch new financial services, including wealth management, high-yield local currency accounts, and credit services through its Prestige credit card. This demonstrates the firm’s commitment to deepening customer engagement in the region.
ARQ’s business model emphasizes providing dollar-denominated access in economies affected by currency fluctuations and capital controls.
The integration of stablecoins into financial products has the end result of providing users with the ability to execute international transactions with ease, thus reducing the need to rely on traditional banking methods, which are expensive and time-consuming.
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ARQ Expands Regional Digital Payment Services
The recent raise of $70 million is a clear indication that investors remain committed to investing in fintech firms that utilize blockchain infrastructure to facilitate payments in the real world.
The support from Sequoia Capital and Founders Fund means that ARQ will be able to grow its product offerings and reach, thus consolidating its position in the Latin American digital payments market, which is evolving rapidly.
Currently, ARQ has over 2 million users in Latin America, with the company processing over $10 billion in annualized transactions. The company has managed to bridge the traditional banking network with the world of stablecoin-based financial products, thus enabling users to hold and transfer foreign currencies, which has addressed the financial access limitations that users in the region have traditionally faced.
Startup funding in Latin America has stood at around $6.2 billion in 2025, thus indicating a tentative recovery in the market, according to PitchBook.
The recent funding announcement by ARQ is part of the trend that has characterized the Latin American market, with the rise of stablecoins providing users with the ability to execute international transactions, thus addressing the financial limitations that users in the region have traditionally faced.
Sequoia Capital and Founders Fund have a strong track record in the Latin American market, with the firms investing in Brazil-based Nubank, which is currently considered to be the largest digital bank in the world.
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