YC-backed Arc, a digital bank for ‘high-growth’ SaaS startups, lands $20M Series A

Arc, a company that aims to give SaaS startups “a way to borrow, save and spend” in one place, has raised $20 million in a Series A round of funding.
The raise comes seven months after Arc emerged from stealth with $150 million in debt financing and $11 million in seed funding. The startup graduated from Y Combinator in March.
While it’s early days still, Arc says it has seen strong early interest in its offering, which offers both debt funding and digital banking services to SaaS startups. The company says that on average, its revenue has grown by 250% every month since the

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