TechFlow News, March 4: According to Bloomberg, Latin American financial app ARQ (formerly DolarApp) announced a $70 million funding round, with investors including prominent venture capital firms Sequoia Capital and Founders Fund. Fernando Terrés, CEO of ARQ, stated that the funds will support the company’s rebranding initiative and hiring of new staff, enabling ARQ to expand its services beyond U.S. dollar-denominated money transfers into broader financial domains.
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