Arc review: treasury, banking and debt, compared with Founderpath
Arc describes itself as a cash management and capital-markets platform for technology companies. Axos Financial reported closing its acquisition of Arc on July 20, 2026. Arc offers business accounts, Treasury investing and a debt marketplace that connects companies with third-party lenders; Arc states that it is not a bank.
Key takeaways
- Axos Financial agreed to buy Arc on July 7, 2026 and reported closing the deal on July 20, 2026 (Axos SEC filings).
- Arc's debt marketplace connects companies with third-party lenders, a network reported at more than 100 lenders when it launched in January 2024 (Banking Dive, American Banker).
- Arc's business accounts are provided by Stripe with funds held at Fifth Third Bank, and its Treasury sweep is designed for up to $2.5M of FDIC insurance (Arc disclosures, October 2026).
- Arc's pricing page lists Treasury net yields of up to 3.57%, 3.97% and 4.02% on brokerage, depending on the plan (Arc, October 2026).
- Arc's venture-debt page asks for $180K+ annualized revenue, 6+ months of runway or positive free cash flow, and a U.S. domicile (Arc, October 2026).
- Founderpath publishes revenue financing from a 7% annual discount and term loans from 15% annual interest over up to 48 months (Founderpath product pages, October 2026).
TL;DR
What Arc offers in 2026
Arc describes itself as a platform to “manage cash, unlock competitive yield, raise debt capital, and access AI-powered financial services” (Arc). Most of what it sells is cash management. Financing runs through its debt marketplace. The table lists each product and the regulated partner behind it, from Arc's general disclosures (last updated April 16, 2026) and product pages, checked October 20, 2026. Stripe independently describes Arc's accounts as built on Stripe Treasury with Fifth Third Bank.
| Product | What Arc states | Who provides it | Source |
|---|---|---|---|
| Business account | Unlimited ACH and wire transfers, recurring transfers, and virtual or physical debit cards with spend controls. | Stripe Payments Company provides the accounts; funds are held at Fifth Third Bank. Cards are issued by Celtic Bank. | Arc page |
| Treasury | Money market funds, Treasury bills and mutual funds, with net yields on brokerage of up to 3.57%, 3.97% or 4.02% by plan. | Arc Advisory LLC, an SEC-registered investment adviser; brokerage by Atomic Brokerage; custody at Pershing LLC. The cash sweep is designed for up to $2.5M of FDIC insurance. | Arc page |
| Global Treasury | U.S. Treasury bills in a U.S. brokerage account for non-U.S. entities, in select jurisdictions, by invitation. | Same Treasury structure; eligibility depends on the jurisdiction. | Arc page |
| Debt marketplace (Arc Capital Markets) | Arc prepares the raise, matches the company with lenders, helps negotiate terms and then automates lender reporting. | Third-party lenders in Arc's network make the offers and set the terms. | Arc page |
| Working capital and venture debt pages | Capital for day-to-day operations; the venture-debt page lists eligibility, funding often within 48 hours of onboarding and warrants from 0%. | Neither page names the lender or publishes a rate, as of October 2026. | Arc page |
| Archie | A CFO agent for financial analysis, monitoring and reports, launched in September 2025. | Arc software; not a financing product. | Arc page |
Bill pay and expense management: Arc's business account pagecovers paying vendors and reimbursing employees by ACH and wire, and card spend controls. A separate bill-pay, invoicing, expense-report or credit card product was not found on Arc's site as of October 2026. Card cashback is 1.0%, 1.5% or 2.0% by plan, per its pricing page, which says rewards rates can change.
Who Arc serves: its site addresses technology companies, and its venture-debt page asks for a tech-enabled business model. Industry pages for SaaS, consulting, e-commerce, healthcare or other sectors were not found on Arc's site as of October 2026, so check fit with Arc directly.
How Arc financing works
Arc's first product, Arc Advance, turned future SaaS subscription revenue into upfront capital (TechCrunch, January 2022). Arc's blog says Advance and Advance Plus are now called Working Capital. In January 2024 Arc launched Arc Capital Markets, a debt marketplace for loans of up to $250M, with indicative terms in 1-5 business days (Arc, TechCrunch). At launch, Arc CEO Don Muir described a network of more than 100 lenders (Banking Dive, American Banker, January 2024). Arc has not published a newer lender count on the pages we reviewed.
The Capital Markets pagedescribes three steps: a complimentary capital assessment, a raise in which Arc presents the company to matched lenders and helps negotiate terms, and debt management with compliance alerts, automated lender reporting and a control account. Arc's learning centersays signing up is free and borrowers pay a “finders fee” only if they accept terms. Arc does not publish marketplace rates, covenants, warrant coverage or personal-guarantee terms on the pages reviewed October 20, 2026. Review the lender's term sheet before accepting an offer.
Leadership and ownership: in September 2025 Arc spun out F2, its AI tooling for lenders, as a separate company led by co-founder Don Muir, and co-founder Nick Lombardo became Arc's CEO (PR Newswire, Arc). Axos Financial agreed to acquire Arc on July 7, 2026 (Axos 8-K, Arc) and reported the deal closed on July 20, 2026 (Axos fiscal 2026 results). Arc's FAQ says existing financing facilities continue under their current terms and the marketplace still connects companies with third-party lenders. It lists “comprehensive commercial lending” as a capability that could come within reach over time.
If you want a single funder with published terms instead of a lender search, Founderpath makes the offer itself after you connect billing, banking and accounting data.
See what Founderpath would offerFounderpath vs Arc: terms side by side
The two are different kinds of company: Arc runs a marketplace for other lenders' debt, and Founderpath funds its own revenue financing and term loans. The table compares what each publishes. Sources: Arc's Capital Markets and venture debt pages, and Founderpath's revenue financing, term loan and overview pages.
| Term | Arc debt marketplace | Founderpath revenue financing | Founderpath term loan |
|---|---|---|---|
| Who makes the offer | A third-party lender in Arc's network; Arc runs the process. | Founderpath. | Founderpath. |
| Published price | Set by the lender. Arc adds a finder's fee on accepted offers; the amount is not published. | Annual discount from 7%. | Annual interest from 15% (interest, not an APR). |
| Size | Up to $250M of debt per application at the January 2024 launch. | Most rounds up to $1.5M; the product overview lists $100K-$5M. | $500K-$10M. |
| Term and repayment | Set by the lender. | 12-36 months, fixed monthly repayment. | Up to 48 months, with up to 24 months interest-only. |
| Published fit | Venture debt: $180K+ annualized revenue, 6+ months of runway or positive free cash flow, U.S. domicile. | Software companies around $1M-$3M ARR. | Most borrowers above $3M in annual revenue. |
| Timing | Indicative terms in 1-5 business days at the 2024 launch; venture debt funding often within 48 hours of onboarding. | Usually within 24 hours of accepting. | Most close in under four weeks. |
| Equity, warrants, guarantee | Set by the lender; Arc's venture-debt page says warrants start at 0%. | No equity, warrants or board seats; personal guarantee listed as none; lien on business assets. | No equity, warrants or board seats; personal guarantee listed as none; lien on business assets. |
| Cash management | Business accounts, debit cards and Treasury investing. | Not offered; Founderpath provides financing only. | Not offered; Founderpath provides financing only. |
Founderpath's revenue-based financing guide states a $10K MRR entry minimum, as of October 2026, while its live product pages show $500K last-year revenue in a general eligibility block. These are not interchangeable approval thresholds; confirm eligibility with Founderpath. Its product pages say deals are available in most countries.
Founderpath's own site statistics, updated 2026-11-02, report $283,305,313 wired across 762 funded deals. Deals are not a count of unique founders.
Compare an Arc-matched quote with Founderpath
Arc does not set the rate on a marketplace deal; the lender does. The Arc fields start blank so you can enter your own quote. Founderpath starting inputs come from its 7% annual discount and 15% annual interest disclosures, checked October 20, 2026. These are different pricing bases, and neither is an all-in APR.
Formula: equal monthly payments start one month after funding. Upfront fees are withheld from gross principal, so every result delivers the same net cash: principal = cash / (1 - fees). Loan payment = principal × r / (1 - (1 + r)^-months), where r = annual interest / 12. Revenue financing repayment = cash / (1 - annual discount × months / 12), per Founderpath's receivables workbook.
Arc-matched loan
No result: complete the quote inputs within the stated limits.
Enter the lender's rate and fee from your term sheet and Arc's finder's fee from your offer, including zero. Arc does not publish the finder's fee on the pages we reviewed in October 2026. Warrants, interest-only periods and final-payment fees are not modeled.Founderpath revenue financing
- Monthly payment
- $35,162
- Total repayment
- $1,265,823
- Financing cost above net cash
- $265,823
- Upfront fees withheld
- $0
- Repayment period
- 36 months
Founderpath term loan
No result: complete the quote inputs within the stated limits.
Enter your quoted fee, including zero. Modeled for $500K-$10M gross principal and up to 48 months. The interest-only period of up to 24 months is not modeled.No savings are assumed. A longer term can lower the monthly payment and raise the total cost. Warrants are equity rights, not cash, so they are left out of every total; compare them separately. Founderpath's term-loan page says there are no origination fees, while its linked workbook models a 2% original issue discount, so confirm the fee in your offer.
“…what was most important to us is the total interest expense that we're going to pay with front end fees, back end fees, carrying fees, and straight borrowing costs. That's number one.”
Read the sources behind the numbers
This is a Founderpath-authored comparison, and Founderpath competes with the lenders on Arc's marketplace. Arc and Founderpath claims are attributed to the company that made them and dated; a provider's own page is not independent confirmation. Every source below was checked October 20, 2026. Calculator results are illustrations, not offers. If anything here is out of date, email hello@founderpath.com.
- Arc: about Arc
- Arc blog: Arc is joining Axos (July 7, 2026) and its FAQ
- Axos Financial 8-K: agreement to acquire Arc Technologies (July 2026)
- Axos Financial fiscal 2026 results: Arc acquisition closed July 20, 2026
- Arc general disclosures: account, card, advisory and FDIC partners
- Stripe customer story: Arc accounts on Stripe Treasury with Fifth Third Bank
- Arc pricing: plans, yields and card rewards
- Arc Treasury: investment options and FDIC eligibility
- Arc business account: transfers and cards
- Arc Global Treasury: non-U.S. entities
- Arc Capital Markets: how a debt raise works
- Arc venture debt: eligibility
- Arc working capital page
- Arc learning center: marketplace finder's fee
- Arc blog: Arc Capital Markets launch (January 2024)
- Arc blog: Arc Advance Plus, now Working Capital
- Arc blog: update from the founders (September 2025)
- Arc: Archie, the CFO agent
- PR Newswire: F2 spins out of Arc (September 16, 2025)
- TechCrunch: Arc launch and Arc Advance (January 2022)
- TechCrunch: Arc Capital Markets launch (January 2024)
- Banking Dive: Arc Capital Markets lender network (January 2024)
- American Banker: Arc Capital Markets lender network (January 2024)
- Founderpath revenue financing: discount, size, fit and timing
- Founderpath term loans: interest, size, fit and timing
- Founderpath product overview: amounts and 12-36 month terms
- Founderpath revenue-based financing guide: $10K MRR entry guidance
- Founderpath receivables purchase workbook: annual discount formula
- Founderpath term-loan workbook: interest and OID assumptions
- Founderpath site statistics: wired capital and funded deals
No. Arc states in its general disclosures, as of October 2026, that it is a financial technology company, not a bank. Its Business, Wallet and Reserve accounts are provided by Stripe Payments Company with funds held at Fifth Third Bank, and Arc cards are issued by Celtic Bank. Arc's owner since July 2026, Axos Financial, is the holding company for Axos Bank. Source
Axos Financial. Axos announced an agreement to acquire Arc Technologies on July 7, 2026 and stated in its fiscal 2026 results, published July 30, 2026, that the acquisition closed on July 20, 2026. Arc's announcement said customers' accounts, terms and team stayed the same. Source
Arc's July 2026 FAQ says its debt marketplace connects companies with third-party lenders. Arc started in 2021 with Arc Advance, capital against future SaaS revenue, and launched the marketplace, Arc Capital Markets, in January 2024. Arc's working-capital page does not name the funder or publish terms, as of October 2026. Source
Arc's learning center says signing up is free and borrowers pay a finder's fee only if they accept terms received through the platform. Arc does not publish the fee amount on the pages we reviewed in October 2026, and its Premium plan lists a reduced marketplace fee. Interest, lender fees and any warrants are set by the lender that makes the offer. Source
Arc's pricing page lists net yields on brokerage of up to 3.57% on Essentials, 3.97% on Premium and 4.02% on Enterprise, as of October 2026. Premium and Enterprise are paid annual memberships. Treasury accounts are advised by Arc Advisory LLC, an SEC-registered investment adviser, with custody at Pershing LLC. Source
Arc's disclosures say, as of October 2026, that Business, Wallet and Reserve accounts can qualify for FDIC pass-through insurance up to $250,000 per depositor at Fifth Third Bank if the FDIC's requirements are met. Treasury cash can sweep into a program designed for up to $2.5M of aggregate FDIC insurance. Securities in a Treasury account are not FDIC insured. Source
Arc's venture-debt page lists $180K+ annualized revenue, 6+ months of runway or positive free cash flow, U.S. domicile and a tech-enabled business model, as of October 2026. The same page says funding often arrives within 48 hours of onboarding and that warrants start at 0%. The lender's term sheet sets the final terms. Source
Arc's business account page describes unlimited ACH and wire transfers to pay vendors and reimburse employees, and virtual or physical debit cards with spend controls, as of October 2026. Its pricing page lists 1.0%-2.0% cashback on card spend by plan. A separate bill-pay, invoicing, expense-report or credit card product was not found on Arc's site as of October 2026. Source
Founderpath makes and funds its own financing offers, while Arc's marketplace introduces companies to lenders who make the offers. Founderpath publishes revenue financing from a 7% annual discount over 12-36 months and term loans from 15% annual interest over up to 48 months. It offers financing only, not bank accounts or treasury investing. Source
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