# Anchor Software

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/anchor-software

- Industry: Financial Services
- Headquarters: Lagos, Nigeria
- Website: www.getanchor.co
- Total disclosed funding: $3.4M
- Latest round: Seed (Sep 4, 2023)
- Investors on record: 10

## About

Based in Lagos, Nigeria, and founded in 2022 by its CEO Segun Adeyemi, and CTO Olamide Sobowale, Anchor Software Ltd. is a banking-as-a-service platform that develops tools and APIs for companies so they can build their financial systems. In September 2023, Anchor Software Limited raised 2.4 million in seed funding led by Goat Capital with participation from BYLD Ventures, FoundersX, Future Africa, Pioneer Fund, Rebel Fund, and Y Combinator. As of January 2024, the company has a presence in Nigeria, and Delaware, USA.

Anchor's product offerings are designed to cover the entire spectrum of banking and payment needs. The platform provides developers with the capability to create custom deposit, savings, and virtual accounts using their API solutions. The platform can also be integrated for efficient loan management further enhancing the toolkit. The company caters to a diverse range of industries, including SaaS, B2B payments, collections, expense management, and digital health wallets.

## Funding rounds

- Seed, Sep 4, 2023, $2.4M — Y Combinator, FoundersX Ventures, Pioneer Fund, Rebel Fund, Goat Capital, Future Africa, BYLD Ventures
- Seed, Aug 22, 2022, $1M — Y Combinator, MountainPeak Capital, Pioneer Fund, Niche Capital, Luno Expeditions, Byld Ventures

## Investors

- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed
- MountainPeak Capital (https://capitalatlas.ai/funds/mountainpeak-capital) — Seed
- Pioneer Fund (https://capitalatlas.ai/funds/pioneer-fund) — Seed
- Niche Capital (https://capitalatlas.ai/funds/niche-capital) — Seed
- Luno Expeditions (https://capitalatlas.ai/funds/luno-expeditions) — Seed
- Byld Ventures — Seed
- FoundersX Ventures (https://capitalatlas.ai/funds/foundersx-ventures) — Seed
- Rebel Fund (https://capitalatlas.ai/funds/rebel-fund) — Seed
- Goat Capital (https://capitalatlas.ai/funds/goat-capital) — Seed
- Future Africa — Seed