Arro Officially Launches in App Stores, Partners with Dovly
Arro card

Arro Officially Launches in App Stores, Partners with Dovly

A FinTech with a unique credit-building card option is officially launching its service on major app stores.

About Arro’s launch:

This week, Arro announced that it was now officially available in the Apple App Store as well as the Google Play Store. In turn, the credit-building Arro Card will now be available to the general public.

Arro aims to make the world of credit more inclusive and accessible by using alternate underwriting methods to approve users. According to their site, Arro Card customers will see introductory credit limits of between $50 and $200. These limits can then be increased as users complete in-app activities. Specifically, Arro notes that their proprietary financial education platform allows customers to grow their limits as they raise their financial literacy.

To apply for the Arro Card, no credit history is required nor is a security deposit. Additionally, no hard credit inquiry is made. Once approved, users will receive access to a digital Arro Card instantly so that they can begin using the card. Arro will then report payments to all three major bureaus: Equifax, Experian, and TransUnion.

While the service will normally come at a cost of $3 per month, Arro currently has an offer that brings that down to $1 per month.

About the partnership with Dovly:

In addition to the launch announcement, Arro also revealed a strategic partnership with Dovly. As a result, Dovly members may see recommendations for the Arro Card if it potentially fits their credit-building needs. These recommendations come as part of the platform’s AI-powered credit improvement platform which also features credit monitoring, alerts, tips, and more.

What they’re saying:

Announcing Arro’s official launch in app stores, the company’s CEO Ryan Duitch said, “We’re hearing overwhelmingly positive feedback from our early customers and seeing the highest engagement in our gamified learning. Early indicators show that our customers perform better with Arro than with secured credit cards.”

Meanwhile, commenting on the partnership with Arro, Dovly’s Director of Engineering Karamvir Singh stated, “This partnership brings together two market-leading startups that share a vision of making credit more accessible and sustainable through technology and innovation.”

My thoughts:

Although Arro is far from the only FinTech that’s looking to disrupt the credit industry and help consumers increase their credit scores, the Arro Card does still seem to have some unique elements. In particular, the concept of increasing your credit limit by completing financial literacy lessons makes a ton of sense. And while I’m also not too familiar with Dovly, it sounds as though Arro Card scoring a potential recommendation from the platform could be a win-win. Personally, despite not being in the market for a product like Arro Card, I’ll certainly be keeping an eye on the service going forward.


Kyle Burbank

Head Writer ~ Fioney
Kyle is the head writer for Fioney. He is a personal finance nerd, constantly looking for new apps and services to test and incorporate into his own financial game plan. In addition to his role at Fioney, he's written for other publications including Born2Invest, Lifehack, and Laughing Place, as well as his own site Money@30. He also creates personal finance and travel-related videos for Fioney's YouTube channel, which has garnered more than 2 million views. Currently, Kyle resides in Springfield, Missouri with his wife of 10 years. Together, they enjoy traveling (including visiting Disney Parks around the world), dining, and playing with their dog Rigby.

Other Articles by Kyle Burbank

2 Qatar Airways Privilege Club Credit Cards

Cardless Launches Two Qatar Airways Co-Branded Credit Cards

The FinTech startup Cardless is partnering with Qatar Airways to offer two new co-branded cards to the American market. About the cards: Recently, Cardless introduced its two latest rewards credit cards: The Qatar Airways Privilege Club Signature Card and the Qatar Airways Privilege Club Infinite Card. Starting with the Signature card, it earns 4x Avios on Qatar Airways purchases plus 2x Avios on dining purchases, and 1x Avios on all...
Yendo logo and credit card

Vehicle-Secured Credit Card Company Yendo Raises $165 Million

A FinTech that offers the first-ever credit card secured by a customer's vehicle has announced its latest round of funding. About the round: This week, Yendo announced that it had raised $165 million. However, this includes $150 million in debt financing and $15 million in equity. The debt portion was led by i80 group, while the strategic investors that participated in the equity round were not disclosed. Yendo previously raised...
woman holding her hands to her temple thinking

Lessons From a First-Time Home Buyer: Worst Time to Buy a House? There Are Always Exceptions

If you've been thinking about buying a house, looking at the news lately has likely disheartened you. As CNN reports, a recent Gallup poll found that 76% of Americans believe it's a bad time to buy — with only 21% saying it's a good time. There are several reasons for that sentiment, with the top two being the combination of high interest rates and high home prices. So, are you...
The "Email" field is empty, you must enter some text to proceed.The text you entered in the "Email" field appears to be invalid, please edit it and try again
Get the Latest News Delivered to Your Inbox

A Guide to Building Credit and Increasing Your Credit Scores

When it comes to credit, there’s some good news. The average credit score in the United States has been steadily rising in recent years, coming in at 715 in 2023. That may be because, today, consumers not only have more ways to access their credit reports and scores than ever before but also because there are an increasing number of options that Americans have for building credit in the first...

2024 SoFi Checking and Savings Review

Ever since I started taking an interest in the FinTech sector, one company whose name I’ve seen pop up over and over again is SoFi. Lately it seems as though that theme has been sent into overdrive as the company has not only become a household name thanks to its stadium naming rights deal but also because of the company’s continued product expansions. The most interesting development in my mind...
Brim logo

Brim Financial Raises $85 Million as It Eyes Global Expansion

Toronto-based FinTech infrastructure startup Brim Financial has announced a new funding round. About the round: Brim has revealed an $85 million round. The Series C was led by EDC Investments while new investor Vistara Growth and returning investors White Owl Group, Epic Ventures, and Zions Bank also participated. To date, the company has now raised $110 million including a Series B in 2021. According to Brim, the latest funding will...
Chase Freedom Flex card

Chase Reveals Q2 2024 Freedom 5%(+) Bonus Categories

Chase has announced its bonus category picks for the second quarter of 2024 — including some interesting twists. About the categories: As April approaches, Chase has revealed what categories Freedom and Freedom Flex cardholders can earn bonuses on. From April 1st through June 30th, customers can earn 5% (or more) in three categories:, Hotels, and Restaurants. Similar to how Chase embraced a "New Year, New Me" theme last quarter,...
Rent Day

Bilt Announces Home Collection Deal for May 2024 Rent Day

For May's Rent Day, Bilt is offering a deal that will allow members to decrease their rent bill while also adding to their home decor. About the Home Collection offer: Bilt has crafted a unique Rent Day offer for May 2024. Through the 1st, when Bilt members redeem their points toward rent payments, they'll receive the same number of points to be used toward Bilt Home Collection items. To take...