Axos Financial, Inc. has entered into a definitive agreement to acquire Arc Technologies, Inc., a financial technology platform serving technology and growth companies. The transaction will be carried out through Axos Nevada Holding, LLC, a subsidiary of Axos Financial, and is expected to close in July 2026, subject to customary closing conditions. The deal brings Arc’s AI-native financial technology platform, cash management tools, and capital markets capabilities into Axos as the company accelerates its digital banking strategy.
Expanding Digital Banking Capabilities
Founded in 2021, Arc provides a unified platform that helps businesses manage cash, access debt financing, and streamline financial operations. Its services combine cash management, capital markets support, and AI-powered financial software designed for companies seeking more integrated financial infrastructure. By acquiring Arc, Axos aims to strengthen its ability to serve small businesses and growth-stage companies that are often underserved by traditional banking providers.
Strategic Rationale
Axos said the acquisition will enhance its digital banking offering by adding Arc’s financial intelligence infrastructure and agentic finance tools. These capabilities are designed to automate workflows, generate insights, and improve operational efficiency for business customers managing complex financial needs. The transaction also aligns with Axos’ broader strategy of using technology, nationwide distribution, and capital resources to deliver differentiated banking services.
Leadership Perspective
Greg Garrabrants, President and Chief Executive Officer of Axos Financial, said Arc brings a strong team, modern technology, and deep experience serving the innovation economy. He said the combination of Arc’s product and engineering expertise with Axos’ broader banking products and infrastructure creates an opportunity to build a more complete digital banking solution for businesses across their lifecycle. Nick Lombardo, Chief Executive Officer and Co-Founder of Arc, said joining Axos will give Arc the infrastructure and scale needed to advance its original vision more quickly.
Arc’s Market Position
Arc operates as a cash management and capital markets platform for technology companies, with headquarters in San Francisco and New York City. The company helps businesses manage liquidity, unlock competitive yield, raise debt capital, and access AI-powered financial services through a single platform. Its investor base includes Left Lane Capital, NFX, Bain Capital Ventures, Atalaya, Clocktower Technology Ventures, Torch Capital, and Y Combinator.
Axos’ Broader Business
Axos Financial is the holding company for Axos Bank, Axos Clearing LLC, and Axos Invest, Inc. As of March 31, 2026, the company reported approximately $29.2 billion in consolidated assets, while Axos Clearing and Axos Advisor Services had about $44.0 billion in assets under custody and administration. Axos Bank provides consumer and business banking products nationwide through low-cost distribution channels and affinity partners.
The planned acquisition of Arc Technologies marks a strategic move by Axos Financial to deepen its presence in AI-enabled financial services for businesses. By integrating Arc’s platform, engineering talent, and capital markets capabilities, Axos is positioning itself to offer a more comprehensive digital banking experience to technology companies and small businesses. While the transaction remains subject to closing conditions, it signals Axos’ intent to compete more aggressively in business banking through software-driven financial infrastructure.