Axos Financial to Purchase Arc Technologies

Axos Financial subsidiary Axos Nevada Holding plans to acquire Arc Technologies, a cash management and fintech platform, in a move to expand its artificial intelligence offerings. 

The acquisition will enable Axos to gain access to enhanced AI capabilities through Arc’s financial infrastructure hub and agentic finance tools, which are designed to automate workflows, provide market insights, and boost operational efficiency. 

The deal, which is expected to close this month, will be Axos’ fourth acquisition in the last year. 

In May , Axos acquired Los Angeles-based Jenius Bank’s $2.3 billion in deposits from Sumitomo Mitsui Banking Corporation. 

Axos also agreed to purchase $3.2 billion in retirement accounts from Capital One in April and acquired Verdant Commercial Capital for $43.5 million in September. 

“The combination of Arc’s product and software engineering capabilities with Axos’ diverse products and services, nationwide distribution, and capital resources creates a compelling opportunity to build a differentiated digital banking solution for businesses across their full lifecycle,” said Greg Garrabrants, CEO and president of Axos Financial. 

Financial terms of the Arc Technologies transaction were not disclosed.

San Francisco-based Arc, founded in 2021, provides integrated cash management, capital markets, and AI-powered financial software solutions. Meanwhile, Axos Financial oversees roughly $29.2 billion in consolidated assets as of March 31.