# Fernando Terrés

> Fernando Terrés is the Spanish co-founder and CEO of ARQ, formerly DolarApp, a financial platform serving customers across the Americas. An industrial technologies engineering graduate of Universitat Politècnica de Catalunya, he worked in strategy consulting and led Revolut’s crypto profit and loss before co-founding DolarApp in 2021 with Álvaro Correa and Zach Garman. The company joined Y Combinator’s Summer 2021 batch and rebranded as ARQ in March 2026 as it expanded beyond cross-border payments into investing, credit and everyday spending.

- **Role:** Co-founder and CEO at ARQ
- **Organizations:** ARQ (formerly DolarApp), Revolut, Boston Consulting Group, Strategy&, Y Combinator (Summer 2021)
- **Nationality:** Spanish
- **Education:** Grado en Ingeniería en Tecnologías Industriales, Universitat Politècnica de Catalunya
- **Known for:** Co-founded ARQ, which reported more than two million customers at its March 2026 rebrand., Led Revolut’s crypto profit and loss before becoming a founder., End-of-degree project awarded honours at UPC in 2016, according to his LinkedIn profile.

## Career timeline

- **2016** — Completed an industrial technologies engineering degree at UPC; final project examined accessibility and competition in Spain’s market for industrial engineering studies.
- **2017-2018** — Worked as an associate at Strategy&, as recorded in a public professional profile.
- **2018-2019** — Worked as an associate at BCG on corporate strategy projects.
- **2019-2021** — Worked at Revolut across growth, special projects, product strategy and crypto profit and loss leadership.
- **2021** — Co-founded DolarApp with Álvaro Correa and Zach Garman; joined Y Combinator’s Summer 2021 batch.
- **2022** — DolarApp announced a $5 million seed round led by Kaszek and Y Combinator and launched in Mexico.
- **2024** — Appointed a director of DolarApp UK Ltd on May 18.
- **2025** — Spoke at the Federal Reserve’s October 21 Payments Innovation Conference on stablecoin uses and business models.
- **2026** — DolarApp rebranded as ARQ on March 2; a $70 million financing led by Sequoia Capital and Founders Fund was announced during the rebrand period.

## Achievements

- Co-founded ARQ, which reported more than two million customers at its March 2026 rebrand.
- Led Revolut’s crypto profit and loss before becoming a founder.
- End-of-degree project awarded honours at UPC in 2016, according to his LinkedIn profile.
- Recognized among the top ten students in the initial phase of his degree, from roughly 500 students, according to his LinkedIn profile.

## Latest updates

- **2026-03** — Co-signed the March 2 announcement rebranding DolarApp as ARQ and reporting more than two million customers.
- **2026-03** — Publicly recruited a Founder’s Office team in ARQ’s newly opened New York office.
- **2026-06** — Appeared in Y Combinator’s Latin America’s Global Bank fireside with Aaron Epstein, covering ARQ’s development and operating approach.

## Links

- LinkedIn: https://www.linkedin.com/in/fterres/
- Twitter/X: https://x.com/tmzfernando

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Profile page: https://yespress.io/fernando-terres
Published by YesPress — https://yespress.io
Last updated: 2026-10-26