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DolarApp profile

Who owns DolarApp?

hybrid · Mexico City, MX · Partner-bank model · custody: Custodial

short answerDolarApp is not itself a bank. It runs on a partner-bank (BaaS) model, where a licensed sponsor bank holds the deposits behind the app while DolarApp builds the product and interface. DolarApp's most notable disclosed backers include Y Combinator and Kaszek.

Is DolarApp a licensed bank?

No — it runs on a sponsor bank (BaaS model). Licence detail: Digital-dollar (USDC) accounts on regulated partner banks' and custodians' rails; rebranded ARQ 2026.

Where is your money held?

Custody model: Custodial.

DolarApp runs on: Circle (stablecoin infrastructure). Full stack on the infra map.

Who's behind DolarApp?

DolarApp was founded by Fernando Terrés, Zach Garman (ex-Revolut) (2021), headquartered in Mexico City, MX.

Early investors

Notable venture and strategic investors from DolarApp's publicly disclosed funding rounds (~$60M+ raised).

Y Combinator ↗ Kaszek ↗

Is my money safe with DolarApp?

Deposits are held by DolarApp's sponsor bank, so any insurance flows through that bank rather than DolarApp. Check which sponsor holds your balance and whether it is passed through for per-customer coverage.

go deeperSee the full DolarApp profile with every verified field, or DolarApp alternatives. Raw fields: data.json.

Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.