Axos agrees to buy Arc Technologies to expand business banking platform

Axos Nevada Holding, LLC, a subsidiary of Axos Financial, Inc., has entered into a definitive agreement to acquire Arc Technologies, Inc., the companies announced. No purchase price was disclosed, and the transaction is expected to close in July 2026, subject to customary closing conditions.

The deal would add Arc’s cash management, capital markets and financial software tools to Axos’ banking platform. Axos said the acquisition is intended to strengthen its offering for small businesses in the United States, a segment the company described as underserved by conventional banking providers.

Arc adds software and financing tools

Arc was founded in 2021 and serves technology and growth companies. According to Axos, its platform combines cash management, debt financing access and AI-enabled financial operations software in a single system for business customers.

For corporate clients, cash management services typically cover the movement, storage and oversight of operating liquidity. Capital markets tools can help companies seek debt financing, while financial operations software can automate tasks such as reporting, analysis and workflow management. Axos said Arc’s platform was designed to help companies manage cash, obtain debt capital and make finance teams more efficient.

The acquisition would also broaden Axos’ artificial intelligence capabilities. Axos cited Arc’s financial intelligence infrastructure and agentic finance tools, which it said are designed to automate workflows, provide business insights and improve operating efficiency.

Axos targets small-business banking gap

Axos said the transaction should improve its ability to serve millions of small businesses across the US. The company framed the acquisition as part of a broader effort to build a digital banking proposition for businesses at different stages of development.

Greg Garrabrants, president and chief executive of Axos Financial, said Arc brings “an exceptional team, a modern technology platform, and deep expertise serving the innovation ecosystem.” He said combining Arc’s product and software engineering strengths with Axos’ products, nationwide distribution and capital resources creates an opportunity to build a differentiated digital banking solution for business clients across their lifecycle.

Nick Lombardo, Arc’s chief executive and co-founder, said the company was built around the idea that businesses need a more intelligent and integrated financial platform. He said joining Axos would give Arc the infrastructure, product range and scale to pursue that goal faster while maintaining the customer experience its clients use.

Axos Financial is the parent company of Axos Nevada Holding. The companies did not provide financial terms, expected integration costs or regulatory details beyond stating that the deal remains subject to customary closing conditions.

This story draws on original reporting from Finextra Research.