DolarApp

The Financial App for affluent consumers in Latin America.

dolarapp.com

51-200

Fintech

Company research

Public company, workplace, funding, and market signals

Updated Aug 2, 2026

Overview

DolarApp was a Mexico-founded fintech (now permanently rebranded as ARQ on 2026-03-02) offering a cross-border financial platform for people in Latin America. It targets travelers, freelancers, remote professionals, investors, and other users who hold, receive, send, spend, and invest across currencies. The company says the rebrand changed the brand and product scope, not the legal entity, accounts, or regulatory arrangements.

Primary product

A mobile international-finance account and wallet: users can convert local currency into digital dollars (USDc) and euros (EURc), receive U.S. ACH/Wire and European IBAN payments, send international payments, use Mastercard cards, earn yield, and access U.S. stocks/ETFs and credit products.

Founded

2021

Headquarters

Mexico City, Mexico (legacy DolarApp company records); current YC company profile lists ARQ in London, UK, so headquarters data is inconsistent.

Team size

Approximately 100; third-party profiles variously report 11–50, 76, 100, or 100+ employees, so this is approximate.

Work style

Flexible

Industry

Financial services

Sub-industry

Fintech; cross-border payments, digital wallets, stablecoins, international cards, and investing

Offices

Mexico City, Mexico

New York, United States

London, United Kingdom

Buenos Aires, Argentina

São Paulo, Brazil

Bogotá, Colombia

Kraków, Poland

Business model

Consumer fintech account and wallet

Cross-border payments and foreign-exchange conversion

Card interchange and card-related services

Yield/interest and investment products

Premium membership and credit products

Business accounts for international payments

Funding

Stage

Series A / venture-growth stage (round nomenclature is inconsistent across databases)

Total raised

$75.5M

Latest round

$70M venture round, reported by some databases as Series A · Mar 2026

Latest amount

$70M

Series A

Mar 2026 · Sequoia Capital and Founders Fund

$70M

Venture round / Series A (database classifications differ)

Mar 2026 · Sequoia Capital and Founders Fund

$70M

Seed

Sep 2022 · Y Combinator and Kaszek Ventures

$5M

Accelerator / Incubator

Jan 2021 · Y Combinator

$125K

Y Combinator Summer 2021 / initial seed

Jan 2021 · Y Combinator

People & investors

Leadership

Fernando Terrés

Co-founder & CEO

Zach Garman

Co-founder & Chief Product Officer

Álvaro Correa Gallardo

Co-founder & Chief Operating Officer

Investors

Brevan Howard

Brevan Howard Digital

Castle Island Ventures

Work & culture

Public recruiting language emphasizes long-term ambition, high conviction, exceptional talent, mission-driven work, and building a major financial institution. Hiring spans multiple international offices and some remote arrangements.

Work style

Flexible

Visa sponsorship

Limited

Compensation

No reliable public salary bands were found. Public benefits profiles mention competitive salary, discretionary bonuses/stock options, and sign-on stock. Several job listings specify US-citizen/visa-only eligibility, which indicates role- and location-specific work authorization constraints rather than broad sponsorship.

Benefits

Paid annual leave

Competitive salary

Discretionary performance bonus / stock options

Sign-on stock reported by a third-party careers profile

Product & market

Pricing

Freemium/transaction-based financial platform. The legacy product advertised no annual card fee, transparent/interbank conversion, and a $3 fee for receiving U.S. account payments; newer products such as ARQ Prestige have separate pricing. Existing DolarApp fees were stated not to change at rebrand.

Differentiators

—Stablecoin-based digital-dollar and digital-euro balances without exposing users to typical crypto complexity
—Local funding rails combined with U.S. ACH/Wire and European IBAN receiving details
—International Mastercard for spending in more than 180 countries
—Interbank/real conversion-rate positioning and no hidden FX margin
—Integrated payments, cards, savings/yield, U.S. stocks/ETFs, and credit products
—Single app for Latin American users with global income, spending, and investment needs

Technology

Java

Spring Boot

Kotlin

Python

TypeScript

Swift/UIKit

Android

AWS

Kubernetes

Docker

Terraform

PostgreSQL/RDS

Snowflake

dbt

GitLab

Datadog

Prometheus

Grafana

Persona

Jumio

Customers

More than 2 million users across Latin America, according to ARQ's own help/app materials

Travelers

Freelancers and remote professionals

People receiving payments from U.S. or European companies and platforms such as Deel, Upwork, Payoneer, PayPal, Airbnb, Fiverr, and Workana

Professionals and investors with cross-border finances

Businesses needing international payments and multi-currency spending

Competitors

Wise

Payoneer

Remitly

Xoom

Revolut

Nubank

GrabrFi

Local banks and digital wallets

Scale & contact

Estimated revenue

Approximately $1M–$10M, low-confidence third-party estimate; no company-disclosed revenue figure found.

Estimated monthly visits

387

Traffic estimate as of Jun 2026

help@arqfinance.com

Signals & risks

Other

Mar 2026

Permanent rebrand from DolarApp to ARQ. The company explicitly says this was not an acquisition or sale; legal structure, regulatory framework, agreements, balances, cards, and infrastructure remained the same.

Source

Latest news

DolarApp raises $70M from Sequoia and Founders Fund

LatamList · Mar 2026

Adds operating metrics reported by the company: more than 2 million users, over $10B in annualized transaction volume, and more than 100 employees across seven cities.

ARQ, Formerly DolarApp, Announces New $70 Million Financing

Gunderson Dettmer · Mar 2026

ARQ (formerly DolarApp) announced a $70 million financing led by Sequoia Capital and Founders Fund to support its rebrand and hiring as it expands beyond dollar-denominated transfers.

Sequoia, Founders Fund Back $70 Million Raise for Latam’s ARQ (DolarApp)

Bloomberg · Mar 2026

Reports the $70M financing from Sequoia Capital and Founders Fund, the DolarApp-to-ARQ rebrand, and plans to expand beyond dollar transfers and hire.

Meet our new brand: DolarApp is now ARQ

ARQ Help Center · Mar 2026

Officially announces the permanent rebrand and explains that it was not an acquisition; the same entity, infrastructure, licenses, agreements, and user balances continue.

Pay your bills with ARQ

ARQ blog · Jun 2025

Announces bill payment for electricity, water, gas, internet, phone, credit-card, and other services from the app, with no extra fee stated in the announcement.

Jobs and careers at DolarApp

36 jobs at DolarApp

Legal Counsel - US

Remote

Legal & Compliance

New York; New York, New York , United States

Today

Remote

Full-time