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.

Deelを導入して以来、Archは契約書に簡単に署名し、機密保持契約をすぐに締結できるようになりました。 銀行と簡単に接続することにより、面倒だった手動の給与計算が自動化され、会計ソフトウェアを連携することもできました。

法的な契約を交わし、コンプライアンスに準拠した記録管理を行うことで、信頼関係を築き、会社の成長とともに、プロセスも成長することを示すことができました。

税法の調査に多くの時間を費やす代わりに、すべてがコンプライアンスに準拠し、すべてのチームの支払いが1カ所で行われることで安心感を得ることができました。

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.