Anchor

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Company Overview

Anchor operates within the fintech industry, providing a comprehensive banking-as-a-service platform. Based in Lagos, Nigeria, the company serves both local and remote customers across Africa. With a team size of 8, Anchor is part of the Y Combinator's S22 batch, offering a range of financial products including accounts, payments, cards, credit, and savings & investment solutions.

Financial Products and Services

Anchor offers a suite of financial products designed to meet diverse customer needs. These include NDIC insured deposit accounts, interest-bearing savings accounts, multi-currency accounts, and low-KYC digital wallets. The platform supports international payments to over 190 countries and in more than 120 currencies. Additionally, Anchor provides virtual account numbers, branded debit cards, and tailored savings and investment solutions for both individuals and businesses.

API and Integration Solutions

Anchor's platform is built for seamless integration of banking services through a modern RESTful API. This includes tools for account management, payments, card issuance, and credit services. The platform offers programmable limits and secure transaction histories, and supports real-time, secure fund transfers with direct NIP connections. It allows businesses to create custom deposit, savings, and virtual accounts, as well as facilitating loan management and bill payments.

Partners and Collaborations

Anchor partners with multiple companies to enhance its offerings and expand its reach. Key partners include Wema Bank, Dillali, Mono, Zit, LifeBank, Curacel, Waza, Outpost, Pennee, Seamlesshr, Squad, and Providus Bank. These collaborations enable Anchor to provide regulatory coverage, continuous compliance support, and a customizable infrastructure for its clients.

Developer-Friendly Platform

Anchor prides itself on being developer-friendly with comprehensive API documentation, developer tools, and guides for quick building and launching of financial products. The platform's scalable and secure infrastructure is trusted by developers, startups, and large corporations. Anchor’s B2B2X approach lets clients maintain their customer relationships while focusing on building robust banking solutions.

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