Anchor

Anchor

A banking-as-a-service platform for African businesses to build, embed and launch financial products. Learn more

Launch date
Employees
Market cap
-
Enterprise valuation
$10—14m (Dealroom.co estimates Sep 2023.)
Lagos Lagos (HQ)

Financials

Estimates*

Edit
Revenues, earnings & profits over time
USD20222023
Revenues<1m<1m
% growth-225 %
  • Edit
DateInvestorsAmountRound
*

$1.0m

Seed
*

$2.4m

Seed
*
N/A

N/A

-
Total Funding$3.4m

Recent News about Anchor

Edit
More about Anchorinfo icon
Edit

Anchor is a financial technology startup that offers a comprehensive infrastructure for businesses to create, launch, and scale banking and payment products. The company operates in the fintech market, serving a wide range of clients from developers and startups to large corporations. Anchor's primary offering is a fully integrated suite of banking products, including savings and investment tools, fast and cost-effective transfers, bill payments, and branded debit card issuance.

The company's business model revolves around providing APIs (Application Programming Interfaces, which are sets of rules that allow different software applications to communicate with each other) for businesses to seamlessly integrate these financial services into their own platforms. This allows businesses to accelerate their lending services, manage loans efficiently, and offer tailored savings and investment solutions to their customers.

Anchor also offers a unique B2B2X approach, where they handle compliance and bank relationships, allowing businesses to focus on their customers' needs. This approach enables businesses to maintain their customer relationships while leveraging Anchor's robust financial infrastructure.

The company's revenue is likely generated through a subscription or usage-based fee for access to their APIs and financial infrastructure. Anchor's platform is scalable, secure, and trusted by a wide range of businesses, from small startups to large corporations.

In summary, Anchor is a fintech startup that provides businesses with the tools and infrastructure they need to create, launch, and scale their own banking and payment products.

Keywords: Fintech, Banking Infrastructure, Payment Products, API, Savings and Investment Tools, Loan Management, B2B2X Approach, Scalable Platform, Secure Platform, Compliance and Bank Relationships.

LP investments

Edit