Anchor, a Banking-as-a-Service company that provides the complete infrastructure and tools needed for African businesses to build, embed and launch compliant financial products in minutes. has released an end-of-year review highlighting its key achievements over a year after its launch.
In 2023, Anchor processed over ₦400 Billion ($450 million) in transaction volume enabling 60+ live customers who depend on Anchor’s APIs to power services across fintech, HR, logistics, e-commerce and many more industries
Currently, Anchor offers several APIs for fintechs allowing them to operate virtual accounts, conduct seamless KYC/KYB, issue virtual cards, set up savings & credit services, offer bill payments and much more.
Anchor was founded by Segun Adeyemi, following his painful experience in obtaining licenses and regulatory approvals, and closing banking partnerships. Adeyemi subsequently built Anchor as a solution for founders in the fintech space looking to simplify conditions precedent to launching new products.