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Dolarapp

Can a consumer dollar-savings app for Latin America become the full cross-border financial operating system for the region's businesses and consumers?

Founded2021
HQMexico City, Mexico
Total raised$70M+
Latest roundLater Stage VC, 2024-2025
IndustryFintech / Cross-border payments
The story

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.

Last 12 months
2025-01
2025-01
Product timeline
2021
Founded as DolarApp to provide USD-denominated digital accounts for Latin Americans, initially targeting Mexico and Argentina.· banking
2022
Launched consumer USDC digital dollar accounts allowing users to save, send, and receive in digital dollars with local peso conversions.· banking
2023
Expanded product to include international Mastercard card with up to 4% cash back for global spending.· card
2024
Raised $70M from Sequoia Capital and Founders Fund; announced brand transition from DolarApp to ARQ.· pivot
2025
Rebranded to ARQ, expanded to business accounts (ARQ Business) offering multi-currency treasury, corporate cards, bulk payments, and cross-border receivables for SMBs in Latin America.· banking
The stack
Card issuing
Paymentology
KYC
Jumio
Accounting gap: minor