An Update From Our Founders

Today, we’re sharing an update as Arc and F2 begin their next chapters. I’m stepping into the role of CEO at Arc. My co-founder, Don Muir, will serve as CEO of F2, now operating independently to focus on AI for private markets investors.

Arc’s focus is unchanged: build the most secure, intelligent cash management platform for technology companies – with AI embedded in the day-to-day finance workflows. To that end, today also marks the launch of Archie, our CFO agent. F2 will concentrate on investor-facing AI for diligence and underwriting. Two distinct customer sets, two operating cadences – each with a dedicated team and roadmap.

Don and I met at Stanford GSB and have built Arc shoulder-to-shoulder since founding the company in 2021. We’ve navigated markets, shipped new products, and worked through several macro crises together. The relationship is strong and stays that way. While this transition marks a new chapter in where we each spend our time, we’re united in purpose and aligned with our board and longtime investors on what’s best for both companies. Don will focus full-time on F2 and remain a founder and board member at Arc. I’ll be leading Arc going forward.

“Building Arc with Nick has been the privilege of my career. As F2 spins out to serve private markets investors with purpose-built AI, I’m excited to focus full-time on that mission while supporting Arc as a founder and board member. Nick has been deeply involved in all aspects of Arc since day zero. Under Nick’s continued leadership, Arc’s team and roadmap are stronger than ever.”

 — Don Muir, Co-Founder of Arc

F2 began inside Arc to help lenders move faster on our capital markets platform. As demand from institutional clients accelerated, the product outgrew its original home. Spinning F2 out – backed by a funding round led by Arc’s existing investors, including Left Lane, NFX, Torch, and Y Combinator – gives both companies the independence, capital, and accountability to move faster while maintaining a close strategic relationship. Our existing investors support both companies; that alignment is intentional.

Arc continues to operate as Arc – focused on delivering the strongest, most trusted platform for cash management. Your accounts, logins, benefits, and support team remain the same even as we add new features and capabilities to the platform. Our financial institution relationships and compliance program are robust and continue to strengthen. The leadership team you work with is in place, focused on execution.

For Arc customers, your CFO agent Archie is now available within our cash management platform, bringing real-time analysis, proactive monitoring, and custom reporting into everyday financial operations. Looking forward, we’re focused on continuing to ship AI and core platform features to drive automation and reliability across the platform.

Thank you to our customers, partners, team, and investors for your trust. If you’re evaluating Arc, we’d love to earn it.

— Nick

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Arc is a financial technology company, not a bank. For important information about Arc, see our general disclosures.