Above picture taken in 2018
Neobank Archa is shaking up the credit card market and investors are jumping on board!
Originally backed by Rich Lister from Online Fitness - Emily Skye ,
They have just raised a $4 million pre-Series A round - led by their founders and investors including
- CEO and Founder of Wisr, Anthony Nantes,
- Alex Vynokur of Apex Capital and Betashares,
- Adam Jacobs, Co-Founder of The Iconic and Hatch,
- former Macquarie Capital executives John Prendiville and Link Chairman.
- Founders of Netspace, Stuart Marburg and Richard Preen,
- and a list of high-profile family offices
This gives Archa an opportunity to scale fast!
What Archa does
they help businesses everywhere manage their team’s spending more efficiently so that they can move faster and focus on what they do best.
They do this by giving corporates and their teams access to a corporate credit card , giving them an alternative and better way to manage their business spend.
It offers a Xero bank feed integration, and increased visibility for primary cardholders, who can now view all secondary card transactions from within their app.
Customers include high-growth businesses like Sherlock, WeFund & Law Squared as our customers.
Collectively across their base, Archa process over $600,000 in transactions each month (growing rapidly), and new customer growth is increasing 30% month-on-month.
Watch this space!
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