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About Arch
Industries
Fintech
Financial Services
Company Size
11-50
Company Stage
Seed
Total Funding
$80.5M
Headquarters
New York City, New York
Founded
2022
Overview
Arch provides software specifically for HVAC contractors to enhance their sales processes. The main product helps contractors conduct home analyses, design system plans, and quickly send proposals to potential customers, allowing them to secure sales before competitors. Unlike other solutions, Arch focuses solely on the HVAC market and uses data to create personalized proposals that improve customer engagement. The goal is to help contractors convert more leads into sales and increase their revenue.
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Simplify's Take
What believers are saying
- Arch secured $75M investment, indicating strong financial backing and growth potential.
- Integration of AI in risk assessment can improve Arch's credit risk evaluation.
- Expansion into DeFi platforms suggests a growing market for Arch's services.
What critics are saying
- Increased competition from firms like BlockFi and Genesis in crypto lending.
- Regulatory scrutiny on crypto-backed loans is intensifying, affecting Arch's operations.
- Volatility of cryptocurrency prices poses risks to Arch's loan-to-value ratios.
What makes Arch unique
- Arch offers crypto-backed loans with up to 60% loan-to-value ratio.
- Arch plans to expand into yield-earning products for digital asset holders.
- Arch collaborates with blockchain analytics firms to enhance security and compliance.
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Funding
Total Funding
$80.5M
Above
Industry Average
Funded Over
3 Rounds
Industry standards
Benefits
Meal Benefits
Growth & Insights and Company News
6 month growth
↑ 0%1 year growth
↑ 0%2 year growth
↓ -14%Alumni Ventures invested in Arch Lending's $75 million equity and debt financing round, led by Morgan Creek Digital and Castle Island Ventures. Arch Lending, founded in 2022, offers crypto-backed loans, allowing borrowers to access liquidity without liquidating assets. The platform provides loans with a loan-to-value ratio of up to 60% and interest rates starting at 13%. Arch plans to expand its offerings to include yield-earning products and other financial services for digital asset holders.
Arch, Inc. announced on November 26, 2024, that it has secured ¥900 million in funding from XTech Ventures Co., Ltd., Seibu Shinkin Capital Corporation, Dai-ichi Life Holdings, Inc., and Boost Capital Co., Ltd.
New investors include Arch Lending, GEM Digital, Manifold Trading, and angels like Farcaster CEO Dan Romero.
Arch Lending, a NYC-based crypto-backed loan provider, raised $75M in funding.
Crypto lending platform Arch completes $5 million seed round.
Arch is Hiring for 15 Jobs on Simplify!
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About Arch
Industries
Fintech
Financial Services
Company Size
11-50
Company Stage
Seed
Total Funding
$80.5M
Headquarters
New York City, New York
Founded
2022
Arch is Hiring for 15 Jobs on Simplify!
Find jobs on Simplify and start your career today