Description
Eligibility requirements
All NachoNacho customers are eligible to redeem the offer.
What is Arc?
Arc diversifies startup deposits with up to 100% coverage across multiple FDIC, SIPC and government-backed accounts, while allowing companies to earn up to 5.20% APY. Coverage includes $250K FDIC insurance on checking and savings accounts, $500K SIPC insurance on Money Market Funds & & $5M FDIC Insurance with BNY Mellon Pershing.
Key benefits of using Arc?
- Access to financing: Arc helps startups to access the financing they need to grow their businesses. Arc converts startups’ future revenue into upfront capital, eliminating the need for traditional bank loans.
- Fee-free cash management: Arc offers a fee-free cash management account, making it an affordable solution for startups of all sizes.
- Financial analytics: Arc provides startups with financial analytics to help them track their spending and make better financial decisions.
Arc Features
- Cash management account: Arc offers a cash management account to store, manage, and spend funds. The account is FDIC insured up to $5,250,000.
- Financing: Arc converts startups’ future revenue into upfront capital. This type of financing is known as revenue-based financing.
- Financial analytics: Arc provides startups with financial analytics to help them track their spending and make better financial decisions.
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