Arival is a licensed digital bank that provides multi-currency accounts and international payment solutions specifically designed for global businesses and entrepreneurs. The platform simplifies complex banking needs through features like transaction tracking, scheduled payments, and dedicated account management, ensuring secure and efficient financial operations.
Funding
$69.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
PCFounders
Product
Problem
Global businesses and entrepreneurs face challenges with traditional banking systems, including high fees for international transactions, complex account management, and limited access to multi-currency accounts. These issues can hinder efficient financial operations and create barriers to international expansion.
Solution
Arival provides a digital banking platform designed for global businesses, offering multi-currency accounts and international payment solutions. The platform simplifies complex banking needs by providing tools to schedule payments, track transactions, and manage multiple accounts and entities under a single login. Arival aims to provide businesses with a borderless banking experience through its licensed and regulated digital bank, offering both USD and EUR accounts that can be opened 100% online. The platform is accessible via desktop, mobile web, and dedicated iOS and Android apps. Premium accounts offer additional benefits such as priority customer support, dedicated account managers, and reduced transaction fees.
Target Audience
The primary target audience includes tech startups, digital SMEs, and international businesses seeking efficient and reliable banking solutions for global operations.
Features
- Multi-currency accounts supporting USD and EUR
- International payments and cross-border transactions
- Transaction tracking and filtering
- Payment scheduling
- Mobile app for iOS and Android
- SOC2 compliant security with 256-bit encryption
- Two-factor authentication
- Premium accounts with dedicated account managers and lower fees