How small DeFi startup Arch made big moves growing their international team

Arch makes DeFi investing simple for newcomers and passive investors.

They're a team of builders using tech to help create better and more inclusive financial products. No matter what someone's level of expertise, they believe everyone should have access a diversified portfolio of crypto assets. A lot of investment platforms tend to gear towards insiders and traders. Arch aims to turn that notion on its head.

Compliance Headaches

Arch started building out their startup team a few people at a time, with the first few in Latin America. With two members in Venezuela and others in Argentina, navigating potential penalties for compliance mistakes became time-consuming and stressful.

Keeping Track of Payments

At the start, Arch paid their entire team using wire and ACH payments. It used to take time and effort to have to do all of the payments manually. As they began fundraising, founder Chris realized they needed to get all their accounting in one place. First, to keep compliant, and second to show vendors they mean business and everything is legitimate. Especially being in the financial sector, having a paper trail was crucial.

Arch was able to get set up on Deel in a matter of minutes. Contracts, invoices, and payments are now all taken care of in one place, and they have complete confidence that everything's compliant for team members in Latin America and beyond.

Depuis que la société Arch a choisi Deel, elle signe facilement les contrats et met en place des accords de confidentialité en un clin d’œil. Alors qu’elle traitait auparavant la paie manuellement, avec le temps et les efforts que cela nécessite, tout est maintenant automatique grâce à une connexion bancaire facile et à la possibilité d’intégrer sa solution de comptabilité.

La mise en place d’accords juridiques et la tenue de registres conformes ont favorisé la confiance et montré à l’équipe que les processus évoluent au rythme du développement de l’entreprise.

Au lieu de passer énormément de temps à suivre la législation fiscale, la société apprécie le fait d’être en conformité et de centraliser les paiements de l’équipe.

It’s great for the team members to have a formal agreement in place with a paper trail of all of their payments and contract details. Smash’s team members are really happy and it’s made communication easier. It also signalled to the employees that the company was growing up and evolving and things are becoming more formalied.