Anchor Analysis: $1M Raised
What is Anchor?
Anchor provides infrastructure for businesses to build, launch, and scale banking and payment products.
Employees
8
Founded
2022
Revenue
$145.5M
Product Features & Capabilities
- Accounts, Payments, Cards, Credit, Savings & Investment, Financial Tools
How much Anchor raised
Pre-Seed - $1 million
August 29, 2022Lead Investor: Y Combinator
Who are the founders of Anchor
Market Focus
Anchor primarily focuses on the financial technology (fintech) industry, providing infrastructure for businesses to build, launch, and scale banking and payment products.
Business Model
Free-to-use platform with a flat $5 fee per transaction, not percentage-based.
Competitors Overview
Anchor's main competitors in the banking and payment infrastructure market include:
- Synctera: A platform that provides technology infrastructure and compliance frameworks for launching FinTech and embedded banking products. Its focus on compliance gives it an edge in regulatory environments.
Investors
- Nir Eyal
- Craig Kallman
- Google Ventures
- Accel
- Eniac Ventures
- SV Angel
See something that needs updating? Suggest edits to this profile.