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Latin American financial app ARQ raises $70 million in funding, with participation from Sequoia Capital and Founders Fund
Deep Tide TechFlow News, March 4th, according to Bloomberg, Latin American financial app ARQ (formerly DolarApp) announced a $70 million funding round, with investors including well-known venture capital firms Sequoia Capital and Founders Fund. ARQ CEO Fernando Terrés stated that the funds will be used to support the company’s rebranding efforts and hiring new staff, helping ARQ expand its services beyond dollar-denominated transfers into more financial sectors.