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.

Deel을 사용한 후 Arch는 쉽게 계약서에 서명하고 기밀 유지 계약을 체결할 수 있게 되었습니다. 간편한 뱅킹 연결과 회계 소프트웨어 통합 기능 덕분에 업무가 자동화되어 수동으로 급여를 관리했던 모든 시간과 노력이 크게 절약되었습니다.

한 곳에서 법적 계약을 체결하고 규정에 따른 기록 보관을 통해 직원들에게 신뢰를 구축하고 회사가 성장함에 따라 프로세스도 성장한다는 것을 보여줄 수 있었으며,

세법을 찾는 데 많은 시간을 소비하는 대신, 한 곳에서 안심하고 모든 규정 준수 및 급여 지급을 처리할 수 있게 되었습니다.

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.