Arc is joining Axos

Today, we're excited to share that Arc is joining forces with Axos Financial, Inc. (NYSE: AX).

Before anything else: nothing changes for Arc customers today. Your Arc accounts, platform experience, terms, and team remain exactly as they are. You don't need to take any action.

What changes is the foundation we get to build on — and the ceiling for what Arc can become.

Why we're doing this

We started Arc in 2021 with a simple belief: ambitious companies deserve a better financial platform — one that combines modern banking, capital access, and intelligent software in a single experience.

Building that over the past five years taught us something important: the best customer experiences emerge when software and banking infrastructure work together as one system.

Arc was step one: building the financial technology layer for technology companies and proving that the innovation economy wanted something better.

Joining Axos is step two: pairing Arc's software, product velocity, and customer experience with direct banking infrastructure under one roof. Together, we have the opportunity to build the financial platform we always believed should exist for ambitious companies.

Why Axos

We wanted a partner that already thinks like we do.

Axos was founded as Bank of Internet and has spent the last twenty-five years building a technology-first bank at national scale. While most banks were built around branches and later retrofitted with software, Axos was built differently from the start — a pioneer in digital banking.

Through this process, we've spent significant time with the Axos team. We have come to understand their commitment to innovation, their long-term view of digital banking, and the strength of what they have built across consumer and commercial banking, lending, securities clearing, and investment services.

The fit is highly complementary. Arc brings modern software, AI capabilities, product velocity, and deep relationships with the innovation economy. Axos brings direct banking infrastructure, regulatory standing, product breadth, scale, and twenty-five years of operating as a technology-forward financial institution.

This alignment is what made Axos the right partner for our next chapter.

What it means for Arc customers

Today, nothing changes. Same platform, same experience, same team, same mission.

Over time, the ceiling lifts. Capabilities that were structurally harder for Arc to deliver as a standalone fintech begin to come within reach, including:

• Directly integrated bank accounts (DDAs)
• More options for expanded FDIC-insured deposits
• Optimized international transfers and money movement
• Comprehensive commercial lending and banking products and services
• Advanced AI-driven financial stack automations

Every product we build from here compounds on a stronger foundation.

The transaction is expected to close in July 2026, subject to customary closing conditions.

Thank you

This is the beginning of Arc's next chapter — with stronger infrastructure and more resources to build the financial platform ambitious companies deserve.

To each customer who trusted Arc early, before we had every answer: thank you. You kept us focused, pushed us to build better, and made this next chapter possible.

To our team, investors, partners, and the Axos team: thank you for helping us build Arc and for believing in where it can go next.

Questions? The FAQ below covers the most common ones. You can also reach us at support@joinarc.com or through your Arc relationship manager. To learn more, visit the announcement press release.

We're grateful, and we're just getting started.

— Nick and the Arc team

FAQs

Who is Axos?

Axos is a digital financial services company that owns and operates a full-service consumer bank, commercial bank, and securities clearing and custody businesses. Axos is a publicly traded company listed on the New York Stock Exchange under the ticker symbol "AX". The company has over $3 billion of capital and the bank has almost $30 billion in total assets. We believe its infrastructure, scale, and long-term commitment to innovation make it a strong partner for Arc's next chapter.

Why is Arc joining Axos?

We built Arc with the belief that companies deserve a better financial platform — one that combines banking, capital access, and intelligent software in a single experience. Joining Axos gives us direct banking infrastructure, broader financial capabilities, and greater scale to pursue that vision faster. Together, we believe we can build a significantly stronger platform than either company could build alone.

What does this mean for Arc customers?

Nothing changes for Arc customers today. Your accounts, login, platform experience, terms, and support team remain the same. No action is required. Over time, we expect this combination to allow us to build faster and deliver a broader set of products and capabilities.

Does anything change for my accounts today?

No. Your accounts, login, platform experience, terms, and support team remain unchanged. No action is required. If any future changes are planned, we will communicate them well in advance.

Are my funds safe?

Yes. Your funds continue to be held and managed as they are today. Nothing about the handling of customer funds changes as a result of this announcement.

What new features and capabilities will this unlock over time?

Over time, we expect the combination to unlock a broader range of banking, lending, payments, and AI-powered capabilities than Arc could offer as a standalone company. Our goal is to combine Arc's software experience with Axos' banking infrastructure to deliver a more complete financial platform. We will share product updates as they become available.

When will I start seeing product releases?

The transaction is expected to close in July 2026, subject to customary closing conditions. After close, we'll begin building against our product roadmap and will share new releases and updates as they become available.

What does this mean for Arc's debt marketplace?

Nothing changes today. Arc's debt marketplace continues to operate as it does today, connecting companies with third-party lenders. Over time, we believe the combination with Axos will expand the range of capital solutions available to customers.

I have an active financing facility / loan through Arc. Does anything change?

No. Existing financing facilities continue under their current terms. Nothing changes as a result of today's announcement.

I'm currently in the middle of a debt raise with Arc. Does this disrupt anything?

No. Active financing processes continue as planned with the same team and process. Today's announcement does not impact ongoing transactions.

I'm a capital partner on Arc's platform. What changes for me?

Nothing changes about our relationship or how you work with us today. Over time, we believe the combination with Axos will help us serve more companies and continue expanding the opportunities available through the platform. We'll share additional updates as they become available.

Who should I contact if I have questions?

If you have questions about today's announcement or what it means for your Arc account, please don't hesitate to reach out to:

• Arc support: support@joinarc.com
• Your Arc relationship manager, if you have one assigned to your account

We're genuinely excited about what's ahead, and we're here whenever you need us.