“Can a consumer dollar-savings app for Latin America become the full cross-border financial operating system for the region's businesses and consumers?”
Founded in 2021 as DolarApp, the company focused on helping Latin American consumers protect their savings from currency devaluation by offering USDC-based digital dollar accounts. After accumulating 2M+ users and $10B in annualized transaction volume, the company raised $70M and rebranded to ARQ in 2025, pivoting from a consumer savings app toward a comprehensive cross-border financial OS for both consumers and businesses. The ARQ Business product targets SMBs and startups operating across borders, adding corporate cards, bulk payments, multi-currency treasury, and international receivables — reflecting a deliberate move upmarket.
Dolarapp's cards are issued through Paymentology.
Dolarapp uses Jumio for KYC and identity verification.
The Embedded Finance Index 2026 maps 2 layers in Dolarapp's stack: Card issuing (Paymentology); KYC (Jumio).
Dolarapp is founded in 2021 and headquartered in Mexico City, Mexico.
Dolarapp has raised $70M+ in total (latest round: Later Stage VC, 2024-2025).
Get a read on where your own stack stands against Dolarapp and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.