Axos Financial Buys AI Fintech Arc Technologies To Chase Small Business Banking
Axos Financial, a $29 billion digital bank, has agreed to acquire San Francisco fintech Arc Technologies and fold its AI-driven cash management and agentic finance tools into its own platform. The deal, announced July 6, bets on buying speed over building competing technology in-house as banks race to keep up with challengers like Ramp, Brex and Mercury.