Fintech Platform Anchor Secures USD 1 Mn Pre-Seed Investment

Nigerian fintech firm offering banking as a service Anchor has secured USD 1 Mn in pre-seed investment from Byld Ventures, Y Combinator, Luno Expeditions, Niche Capital, Mountain Peak Capital, and angel investors like SeamlessHR CEO Emmanuel Okeleji.

Anchor provides APIs, dashboards, and tools that help developers embed and build banking products such as bank accounts, funds transfers, savings products, issuing cards, and offering loans. The company intends to utilize this funding to hire top people, upgrade its technological foundation, invest in compliance and regulatory infrastructure, and gain new clients.