Arca, a New York-based wealth management fintech, has emerged from stealth with $64 million in combined seed and Series A funding to develop an AI-powered financial advisory platform. The funding includes a $15.5 million seed round led by Venrock and a $48.5 million Series A led by General Catalyst, with participation from Index Ventures.
Founded by former Plaid product lead Rron Rexha, Arca is building a platform that uses AI agents to support, rather than replace, human financial advisors, automating and coordinating complex planning across investment management, retirement planning, tax optimization, estate planning, equity compensation and business exit strategies. Rexha said the company’s broader goal is to develop AI agents across all areas of the business to create a system that continuously improves over time.
The platform aims to offer holistic financial planning by integrating multiple aspects of a client’s financial life into a single advisory experience, with the goal of helping advisors deliver more proactive recommendations while reducing administrative workload. Arca launches with more than $1 billion in assets under management and a board and advisory network that includes executives and investors from Vanguard, Charles Schwab, Altruist, General Catalyst and Venrock, spanning investment management and financial technology expertise.
