Arcus (Fintech Company)
Arcus (Company)[edit]
Arcus is a financial technology company headquartered in New York, with offices in Mexico.[1] Arcus connects financial institutions with merchants via a two-way protocol, which pulls data (e.g., payments history) and pushes data (e.g., payments) to recurring merchants. [2]
History (Company)[edit]
In 2013, Arcus was founded by Edrizio De La Cruz, Inigo Rumayor Bleausteguigoitia, and Juan Jose Maldonado in Silicon Valley’s Y-Combinator.[3] Initially, the company focused on cross-border bill payments, previously known under the name "Regalii." [4] Arcus then evolved in 2016 [5] to focus on bill pay data and payments in the domestic market and has launched two new products; xData and xChange. [6]
Arcus raised a $7.9 million in its Series A financing in 2017.[7] Current investors include IGNIA, Andreessen Horowitz, Winklevoss Capital Management, HOF Capital, and Y Combinator. [8]
References[edit]
- ↑ “Arcus Contact Us.” Arcus
- ↑ “Arcus and Happy Money Partner to Tackle Credit Card Debt by Launching Direct Credit Card Payoff Product.” Halo Top Creamery Is Now the Best-Selling Pint of Ice Cream in the United States | Business Wire, 16 Aug. 2018
- ↑ “Regalii, the Custom API Interface That Centralizes Consumer Financial Data and Activity for Banks, Fintech and Consumers, Raises Capital to Pursue Its Expansion.” Ignia, 19 Jan. 2018
- ↑ “Regalii Is Changing The Way People Send Money To Family Abroad, Using Mobile And Gift Cards.” TechCrunch, TechCrunch, 9 Sept. 2013
- ↑ Crosman, Penny. “A Fintech Shifts Gears to Virtual Cards.” American Banker, 15 May 2018
- ↑ “Regalii Evolves Its Platform to Transform the $1.2 Trillion U.S. Bill Pay Market.” Money 20/20 2018: Financial Services Content Powered by VPO and PR Newswire
- ↑ Journal, Wall Street. “Fintech Startup Regalii Raises $7.9 Million Series A.” The Wall Street Journal, Dow Jones & Company, 7 Dec. 2017
- ↑ “Crunchbase Company Profile Arcus.” Crunchbase
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