Arc Technologies, a San Francisco-based fintech platform has raised $20m in Series A funding led by Left Lane Capital. Other investors include the creators of Wayflyer, Plaid, Column, Chargebee, Vouch, and Jeeves as well as NFX, Y Combinator, Clocktower Technology Ventures Torch Capital, Atalaya Capital Management, Bain Capital Ventures, Soma Capital, Alumni Ventures, and Dreamers VC. It will use the funds to quicken its expansion and increase the accessibility of its software and treasury products.
Arc Raises $20m Series A to build a digital bank for SaaS startups