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.

自從在 Deel 上設置好之後，Arch 就可以毫不費力地簽署合約並迅速簽訂保密協議。由於可以輕鬆連接銀行和整合會計軟體，薪資管理流程中的所有手動作業現在均已自動化。

簽訂法律協議和保存法遵記錄有助於建立信任並向團隊表明，隨著公司的發展，流程也在不斷改進。

現在，他們不必再花大量時間查閱稅法，而是可以安心地確保一切合乎規範，一站式支付團隊薪酬。

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.