Hoe de kleine DeFi-startup Arch grote stappen zette om hun internationale team te laten groeien
Het bedrijf
Maak kennis met Arch
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.
Het probleem
Compliance and Paper Trails
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.
De oplossing
Hoe Deel ermee omgaat
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.
De resultaten
Arch needed processes that could grow with them
Sinds het inrichten van Deel kan Arch nu moeiteloos contracten ondertekenen en in een handomdraai geheimhoudingsovereenkomsten sluiten. Alle tijd en moeite van het handmatig uitvoeren van de salarisadministratie is nu overbodig dankzij de eenvoudige bankverbinding en de mogelijkheid om hun boekhoudsoftware te integreren.
Het beschikken over wettelijke overeenkomsten en het bijhouden van een conforme administratie hebben geholpen om vertrouwen op te bouwen en het team te laten zien dat naarmate het bedrijf groeit, ook de processen groeien.
In plaats van veel tijd te besteden aan het opzoeken van belastingwetten, hebben ze nu de gemoedsrust dat alles aan de regels voldoet en dat alle betalingen van hun team op één plek gebeuren.
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.
