About Arro
Arro is a company based in Los Angeles (United States) founded in 2022 by Luke Pelullo. It operates as a FinTech, and Freemium. Arro has raised $10 million across 1 funding round from investors including Crosslink Capital, Bling Capital and BAM Ventures. Arro offers products and services including Arro Card, Arro App, and Artie AI Money Coach. Arro operates in a competitive market with competitors including Mission Lane, Gauss Money, Sequin, Atlas and TomoCredit, among others.
- Headquarter Los Angeles, United States
- Founders Luke Pelullo
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Arrofi Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$10 M (USD)
in 1 rounds
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Latest Funding Round
$10 M (USD), Seed
Oct 11, 2022
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Investors
Crosslink Capital
& 4 more
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Employee Count
Employee Count
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Products & Services of Arro
Arro offers a comprehensive portfolio of products and services, including Arro Card, Arro App, and Artie AI Money Coach. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Credit card offered to build credit with cashback.
App provided for learning credit and financial insights.
AI coach offered for personalized financial support daily.
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Funding Insights of Arro
Arro has successfully raised a total of $10M through 1 strategic funding round. The most recent funding activity was a Seed round of $10 million completed in October 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $10.0M
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First Round
First Round
(11 Oct 2022)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2022 | Amount | Seed - Arro | Valuation | Crosslink Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Arro
Arro has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Crosslink Capital, Bling Capital and BAM Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital is invested in various sectors by Crosslink Capital.
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Founded Year | Domain | Location | |
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Seed funding and product council are provided for early-stage companies.
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Founded Year | Domain | Location | |
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Investments in US tech companies are made by BAM Ventures.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Arro
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Arro
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Arro Comparisons
Competitors of Arro
Arro operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Mission Lane, Gauss Money, Sequin, Atlas and TomoCredit, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Credit builder cards are provided to consumers for credit improvement.
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| domain | founded_year | HQ Location |
Provider of solutions based on Artificial Intelligence for improving decision-making in various sectors.
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| domain | founded_year | HQ Location |
Financial services are provided to women addressing gender inequalities.
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| domain | founded_year | HQ Location |
Credit cards for consumer payments with credit-building features are provided.
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| domain | founded_year | HQ Location |
Credit card for consumers
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Arro
When was Arro founded?
Arro was founded in 2022.
Where is Arro located?
Arro is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.
Is Arro a funded company?
Arro is a funded company, having raised a total of $10M across 1 funding round to date. The company's 1st funding round was a Seed of $10M, raised on Oct 11, 2022.
What does Arro do?
Credit-building tools and financial education are offered by Arro through its credit card and app. Services are designed for individuals seeking to establish or improve credit without hard credit checks. Cashback on purchases like gas and groceries is included. An AI money coach named Artie is integrated for personalized guidance. The platform targets the consumer finance sector with accessible, user-friendly solutions.
Who are the top competitors of Arro?
Arro's top competitors include Mission Lane, TomoCredit and Gauss Money.
What products or services does Arro offer?
Arro offers Arro Card, Arro App, and Artie AI Money Coach.
Who are Arro's investors?
Arro has 5 investors. Key investors include Crosslink Capital, Bling Capital, BAM Ventures, Global Founders Capital, and WTI.