Axos Aims to Expand AI-Powered Financial Services With Arc Acquisition

Axos Financial subsidiary Axos Nevada Holding plans to acquire Arc Technologies to expand Axos’ artificial intelligence capabilities and enhance its ability to serve small businesses across the United States.

The companies have entered into a definitive agreement for the acquisition and expect the transaction to close this month, subject to customary closing conditions, Axos Financial said in a Tuesday (July 7) press release.

Axos Financial is the holding company for Axos Bank, which provides consumer and business banking products nationwide; Axos Clearing, which provides securities clearing services to introducing broker-dealers and registered investment advisor correspondents; and Axos Invest, which offers digital investments advisory services to retail investors, according to the release.

Arc Technologies offers a cash management and capital markets platform that helps technology companies manage cash, unlock competitive yield, raise debt capital and access AI-powered financial services, per the release.

Axos said in the release that the addition of Arc’s financial intelligence infrastructure and agentic finance tools will accelerate Axos’ digital strategy.

“Arc brings an exceptional team, a modern technology platform and deep expertise serving the innovation ecosystem,” Axos Financial President and CEO Greg Garrabrants said in the release. “The combination of Arc’s product and software engineering capabilities with Axos’ diverse products and services, nationwide distribution and capital resources creates a compelling opportunity to build a differentiated digital banking solution for businesses across their full lifecycle.”

Arc Co-Founder and CEO Nick Lombardo said in a Tuesday blog post that for now, nothing changes for Arc customers, but that over time Arc will be able to deliver additional capabilities such as directly integrated bank accounts, more options for expanded FDIC-insured deposits, optimized international transfers and money movement, commercial lending and banking products and services, and AI-driven financial stack automations.

“Together, we have the opportunity to build the financial platform we always believed should exist for ambitious companies,” Lombardo said.

In another recent move, Axos Bank announced in September 2025 that it acquired independent equipment leasing company Verdant Commercial Capital to gain more scale and enhance Axos Bank’s existing equipment leasing business.