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Anchor

Y Combinator LogoS22
Active
banking-as-a-service
fintech
payments
b2b
api
 
https://getanchor.co/

Embedded finance platform for African businesses

Anchor provides APIs, dashboard and tools that help developers easily embed and build banking products. This includes APIs for creating bank accounts, funds transfers, savings products, issuing cards and offering loans. We also provide regulatory coverage and continuous compliance support to our partners.
Anchor
Founded:2022
Team Size:8
Location:Lagos, Nigeria
Group Partner:Aaron Epstein
  

Active Founders

Segun Adeyemi, Founder

Segun is the CEO & Co-founder of Anchor, the BaaS and embedded finance platform for Africa. He is an entrepreneur with years of experience in the African fintech space. He previously co-founded Amplifypay, a payment company that he sold in 2019 and helped JUMO expand into Nigeria.
Segun Adeyemi
Segun Adeyemi
Anchor
  

GBEKELOLUWA OLUFOTEBI, Founder

GBEKELOLUWA OLUFOTEBI
GBEKELOLUWA OLUFOTEBI
Anchor
 

Olamide Sobowale, Founder

Olamide Sobowale
Olamide Sobowale
Anchor
 

Company Launches

Anchor - Banking as a service platform for Africa

Hey YC Fam! 👋

Segun, Olamide and Gbeke here to introduce Anchor!

TL;DR: Anchor makes it easy to offer accounts, money movement, savings and card products in Africa. We provide APIs, dashboard and regulatory support for developers to build, embed and launch banking products.

Check out our documentation here & request invite here.

We released our private beta in May. We’ve signed-on 30+ companies including the largest telco in Africa and YC companies like Fingo, Pivo, Tizeti, Curacel, etc.

Why we built this

Across Africa today, businesses spend ~$0.5m and wait 18months before they can go to market with simple banking products.

This is because they have to cross many hurdles including:

  1. rigorous licensing and compliance processes;
  2. build many integration layers;
  3. manage complex banking and third party relationships; and
  4. invest in complicated core-banking infrastructure

As founders, we witnessed these pain first-hand in our experience building and working with fintechs.

We built Anchor to abstract away the complexities, so businesses can get started in 5minutes with a few lines of code.

Who we are

We are repeat founders with experience in the fintech space. Segun sold his previous payment company to Carbon and worked at JUMO. Olamide & Gbeke have worked with top African fintechs like Kuda, Carbon, and TeamApt, and global tech giants like Google and Booking.com.

Our ask 🙏

  1. Contact us if you want to offer wallets, accounts, cards or savings products to your African customers.
  2. Connect us with digital businesses (fintechs, Saas companies, marketplaces/e-commerce platforms, etc). 
    [*** Quick forwardable blurb**: A team of YC-backed, fintech engineers recently released an API to help developers build banking products. Check them out at getanchor.co and contact founders@getanchor.co]