Anchor Overview
Anchor is a cloud-based system that automates the billing and collection process for service providers, saving time and money and eliminating late payments. Designed for service providers' unique billing needs, Anchor simultaneously addresses accounts receivable's most pressing problems. Anchor's solution offers fully automated invoicing and collections, and provides cash flow clarity.
Cumulative Funding Raised Over Time ($)
Latest News
growth-positive
As part of the Growth+ project by Calcalist and Poalim Tech, Fiverr President Ofer Katz emphasized the importance of financial reserves early on. Anchor co-founder Omry Man reflected on the past year’s biggest challenge: “We attended over 20 conferences across the U.S. to establish the brand.”
The article discusses a conversation between Fiverr President Ofer Katz and Anchor co-founder Omry Man as part of the Growth+ project by Calcalist and Poalim Tech. They shared insights on entrepreneurship, risk management, and growth strategies. Omry Man highlighted the challenge of building a brand in the U.S. by attending numerous conferences, which helped accelerate the opening of U.S. offices. Ofer Katz emphasized the importance of financial reserves and choosing the right partners. Both discussed the role of AI in speeding up processes and driving growth. Anchor has achieved $4 million in annual recurring revenue without a physical U.S. presence, showcasing its potential for scaling.
Customers
growth-positive
/PRNewswire/ -- Anchor, the free-to-use Autonomous Billing & Collections platform, has announced it has raised a $20 million Series A funding round, led by...
Anchor, an Autonomous Billing & Collections platform, has raised $20 million in a Series A funding round led by Mosaic General Partnership and Zeev Ventures. The funding will be used to double Anchors workforce, expand its US market presence, and deepen strategic partnerships. Anchors platform automates the accounts receivable process, significantly improving efficiency and reducing revenue loss for small and medium businesses. With a growth of over 500% in 2024, Anchor is poised to revolutionize financial workflows for professional service businesses, particularly in accounting, bookkeeping, and tax firms. The company offers a unique pricing model with no monthly subscription fees, aiming to enhance cash flow and reduce inefficiencies.
InvestmentExpandPartnersCustomers
growth-positive
The company, which saw 500% growth in 2024, plans to expand in the U.S. and double its workforce.
Anchor, a fintech company specializing in automated invoice management, has raised $20 million in a Series A funding round led by Mosaic General Partnership and Zeev Ventures. The investment follows a 500% growth in 2024 and aims to support Anchors expansion in the U.S. and workforce doubling. The company plans to deepen strategic partnerships and expand its market share, particularly in accounting, bookkeeping, and tax firms. Anchors platform digitizes traditional workflows, reducing errors and inefficiencies. The product is free-to-use with a flat transaction fee, targeting both small and larger businesses.
InvestmentExpandPartners
growth-positive
Fintech startup Anchor raises $15 million Seed round for autonomous billing platform
Israeli startup Anchor has completed a $15 million seed-funding round led by Rapyd Ventures, Entrée Capital, and Tal Ventures. The company plans to use the funding to expand its team and extend its partnerships and marketing efforts. Anchor offers an autonomous end-to-end billing and payments solution for B2B service providers. The solution automates the invoicing, payment, and reconciliation processes, freeing businesses to focus on billable work. The challenges of billing and collections, which involve the human element, can be eliminated through trust in machine-generated invoices. Anchor aims to make billing and payments a painless process in a market estimated at over $120 trillion annually.
InvestmentExpand
| Sector | Fintech & Insurtech |
Funding
| Total funding | $35M |
| Last funding | $20M |
| Stage | A |
| Rounds | 4 |
| Investors | 6 |
Team Members
3
Employees: 51-200
Web & Social Links
| Website | www.sayanchor.com |
Locations
HaHashmonaim St 95, Tel Aviv-Yafo, Israel
1049c El Monte Avenue, Mountain View, CA, USA
Photos & Videos
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