Africa’s leading fintech infrastructure platform celebrates three years of impact, processing over $2.5B, securing key licenses, and enabling hundreds of businesses to build and scale financial products.
This month, Anchor, Africa’s leading banking and payments infrastructure company, marks its third anniversary. Founded in August 2022 to remove the barriers to building financial products in Africa, Anchor has grown into a trusted partner for fintechs, startups, merchants and enterprises across the continent.
Anchor’s mission is simple but ambitious: make it easier for businesses to launch and scale financial products with speed, reliability, and compliance built in.
Anchor by the Numbers
In just three years, Anchor has processed more than $2.5 billion in transactions, powering millions of payments each month and touching the lives of everyday Africans. Over 300 businesses now run on Anchor from ambitious startups like Bujeti, Kredete, Ramply, Cedar Money, Timon Financials, Kobotrade, Curacel, Trove, and Accrue, to established enterprises such as MoMo, the fintech arm of MTN.
Along the way, the company has secured key licenses, including a Microfinance Bank license, International Money Transfer Operator (IMTO) approval, and MSB authorization, strengthening the trust and compliance that builders rely on. At the core of it all is Anchor’s API-first platform, offering everything from core banking services and payments to cards, compliance, and even AI-powered product design tools.
Powering Builders, Reaching Lives
Anchor’s infrastructure is fueling a new wave of financial innovation across Africa. Remittance companies like Veloremit and Quick Remit are making it possible for families to send and receive money safely, quickly, and at lower cost. Expense management platforms such as Bujeti are giving SMEs smarter tools to manage spending and grow with confidence.
In trade and commerce, partners like Middleman are enabling payments to flow seamlessly for entrepreneurs moving goods across borders. In consumer finance, digital lenders including Kredete and Obtainly are expanding access to fair credit for individuals and businesses in underserved communities. And in digital wallets, companies like Timon and Stacks are helping consumers transact globally with virtual wallets and multicurrency cards.
Behind every API call is a real-world story: a student paying tuition, a parent covering healthcare, or a small business unlocking growth..
Voices from Anchor and Its Partners
“Anchor was founded to remove the barriers holding back financial access in Africa. Three years later, we’re proud of how far we’ve come, but even more excited about what lies ahead. Our mission remains clear: to be the rails powering Africa’s financial future.”
— Segun Adeyemi, CEO & Co-founder of Anchor
“Partnering with Anchor has been a game-changer for us. Anchor is smooth, very responsive, and it feels like they are on this journey with you. Anchor works!”
— Adeola Owosho, Founder of Middleman
Looking Ahead
As Anchor enters its next chapter, the focus is clear. The company is doubling down on its developer-first infrastructure, making it even easier for builders to launch and scale financial products with confidence. It is expanding both local and global rails, helping African businesses operate across borders while enabling international companies to serve African markets seamlessly.
New products are also on the horizon, designed to bring financial services to even more people and businesses. And with plans to grow into additional African markets and beyond. Anchor is widening its reach while staying rooted in its mission.
Through it all, one vision remains unchanged: to be the backbone of Africa’s financial future, powering innovators to thrive and ensuring that everyday people feel the impact.
About Anchor
Anchor is Africa’s leading banking and payments infrastructure platform. Through simple, secure APIs, Anchor enables businesses to offer local and global financial products. From accounts, wallets, and payments to cards, compliance, and multi-currency services. Anchor’s platform processes billions in transaction volume annually and powers over 300 businesses across Africa and beyond.
Learn more at www.getanchor.co.
