{"id":286971,"date":"2026-07-07T18:23:00","date_gmt":"2026-07-07T22:23:00","guid":{"rendered":"https:\/\/news-you-need.com\/index.php\/2026\/07\/07\/axos-to-buy-san-francisco-fintech-and-its-ai-technology\/"},"modified":"2026-07-07T19:00:15","modified_gmt":"2026-07-07T23:00:15","slug":"axos-to-buy-san-francisco-fintech-and-its-ai-technology","status":"publish","type":"post","link":"https:\/\/news-you-need.com\/index.php\/2026\/07\/07\/axos-to-buy-san-francisco-fintech-and-its-ai-technology\/","title":{"rendered":"Axos to buy San Francisco fintech and its AI technology"},"content":{"rendered":"<p><a href=\"https:\/\/www.americanbanker.com\/news\/axos-to-buy-san-francisco-fintech-and-its-ai-technology\">Axos to buy San Francisco fintech and its AI technology<\/a><\/p>\n<p><a href=\"https:\/\/www.americanbanker.com\/news\/axos-to-buy-san-francisco-fintech-and-its-ai-technology\">https:\/\/www.americanbanker.com\/news\/axos-to-buy-san-francisco-fintech-and-its-ai-technology<\/a><\/p>\n<p>Publish Date: <a href=\"publish_date]\">2026-07-07 18:23:00<\/a><\/p>\n<p>Source Domain: <a href=\"www.americanbanker.com\">www.americanbanker.com<\/a><\/p>\n<ul>\n<li>Key takeaway: Buying Arc will give Axos access to thousands of early-stage and mid-market tech firms, as well as valuable AI technology the bank can use to sharpen its small business-product set.\u00a0<\/li>\n<li>Supporting data: The deal comes about three months after Capital One closed its $5 billion acquisition of Brex, which has an AI-native payments platform.\u00a0<\/li>\n<li>Expert quote: &#8220;Joining Axos enables us to pair our technology with direct banking infrastructure under one roof.&#8221; \u2013 Arc CEO Nick Lombardo<\/li>\n<\/ul>\n<p>Axos Financial in Las Vegas said Tuesday that it plans to acquire Arc Technologies, whose AI-native financial technology platform provides cash management and debt capital markets services to early-stage and mid-market technology companies.<\/p>\n<p>Processing Content<\/p>\n<p>The $29.2 billion-asset Axos believes it can build on the foundation five-year-old Arc laid to create &#8220;a differentiated digital banking solution for businesses across their full lifecycle,&#8221; CEO Greg Garrabrants said in a press release.<\/p>\n<p>&#8220;Arc brings an exceptional team, a modern technology platform, and deep expertise serving the innovation ecosystem,&#8221; Garrabrants said. He touted the &#8220;combination of Arc&#8217;s product and software engineering capabilities with Axos&#8217; diverse products and services, nationwide distribution, and capital resources.&#8221;<\/p>\n<p>For Axos, the deal offers access to the thousands of tech firms Arc counts as clients. It also allows the bank to acquire sophisticated AI-driven technology, including the Archie CFO agent built into Arc&#8217;s cash-management service.\u00a0<\/p>\n<p>The move follows $682.9 billion-asset Capital One&#8217;s $5 billion acquisition of Brex and its AI-native payments platform, in a deal that closed in April. Brex also featured an agent that handles tasks traditionally managed by an institution&#8217;s back office.\u00a0<\/p>\n<p>Axos did not disclose the purchase price for San Francisco-based Arc. The buyer did not respond to an interview request by deadline Tuesday.\u00a0<\/p>\n<p>The deal, expected to close this month, comes about 10 months after Arc spun&#8230;<\/p>\n<p><a href=\"https:\/\/www.americanbanker.com\/news\/axos-to-buy-san-francisco-fintech-and-its-ai-technology\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Axos to buy San Francisco fintech and its AI technology https:\/\/www.americanbanker.com\/news\/axos-to-buy-san-francisco-fintech-and-its-ai-technology Publish Date: 2026-07-07 18:23:00&#8230;<\/p>\n","protected":false},"author":1,"featured_media":286972,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/arizent.brightspotcdn.com\/dims4\/default\/56bace1\/2147483647\/strip\/true\/crop\/5500x2888+0+390\/resize\/1200x630!\/quality\/90\/?url=https%3A%2F%2Fsource-media-brightspot.s3.us-east-1.amazonaws.com%2Fa3%2F25%2F2e9bb28b4249bd420ec0ac2ddb99%2Fadobestock-247106924.jpeg","fifu_image_alt":"","footnotes":""},"categories":[8],"tags":[62],"class_list":["post-286971","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-innovation"],"_links":{"self":[{"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/286971"}],"collection":[{"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/comments?post=286971"}],"version-history":[{"count":1,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/286971\/revisions"}],"predecessor-version":[{"id":286973,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/286971\/revisions\/286973"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/media\/286972"}],"wp:attachment":[{"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/media?parent=286971"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/categories?post=286971"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/tags?post=286971"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}