US fintech start-up Arc has raised $20 million in a Series A funding round led by Left Lane Capital

Arc, a San Francisco-based fintech start-up, lands $20m in Series A funding. Arc works to convert a startup’s future revenue into up-front capital, offers a cash management account for storing, managing, and spending money, and offers financial insights to aid businesses in growing.

“For the first time, start-ups can tap into their future revenue to access capital without dilution, deposit those funds into an FDIC-eligible account and leverage proprietary finance software to optimise growth,” says Don Muir, co-founder and CEO of Arc.

The fresh funding raised, according to Arc, will be used to speed up its expansion and increase the accessibility of its software and treasury products, which are “designed to assist start-ups access and manage capital while keeping equity.”

Arc Treasury, a cash management account for start-ups that offers rapid deposits, free money movement, and unlimited cards among other features, was only introduced by the company in June.