Anchor

Anchor is a banking-as-a-service platform that gives businesses the infrastructure to build, launch and scale financial products through APIs. It addresses the need to embed accounts, payments, cards, credit, and savings and investment capabilities into an existing product without building the underlying banking stack from scratch. Anchor handles compliance and partner-bank relationships, while its customers retain the customer-facing experience.

The platform covers consumer and business deposit accounts, virtual account numbers, interest-bearing and joint accounts, sub-accounts, wallets, and multi-currency accounts. Payments include collections, book transfers, inter-bank transfers via NIP, bills payments, managed accounts, international payments, check-outs, and bulk transfers. Cards include Naira debit cards, USD virtual cards, and prepaid cards, with activation, authorization, and tokenization controls. Credit APIs support loan management, and savings and investment tools support tailored propositions. Anchor provides RESTful APIs, a sandbox environment, API documentation, developer tools, and a dashboard for account management, balance overviews, statements, and transaction history.

Anchor is aimed at developers, startups, and larger corporations building financial products, including SaaS platforms, payment businesses, expense management tools, digital wallets, and bookkeeping services. It is offered as an API platform with a sandbox for testing; the pages do not specify a free plan, trial, or seat-based or usage-based packaging.