“Can an autonomous billing and collections platform become the financial operating layer for US professional service businesses, replacing fragmented AR workflows with end-to-end embedded payments and billing automation?”
Anchor launched in 2021 as an autonomous billing and collections platform targeting US professional service businesses such as accounting, bookkeeping, and tax firms. Its core proposition is end-to-end automation of accounts receivable — covering proposals, agreements, invoicing, billing, and payments — reducing manual overhead for service-based SMBs. The Series A in 2025 signals an acceleration of its US expansion and embedded finance integrations, with banking-as-a-service infrastructure (via banking partners) underpinning its payment and billing rails.
Anchor discloses Bangor Savings Bank as its banking provider, according to the Embedded Finance Index 2026.
Anchor does not disclose a bank charter of its own; its banking services are provided through Bangor Savings Bank.
Anchor processes payments through Stripe.
The Embedded Finance Index 2026 maps 3 layers in Anchor's stack: Payments / PSP (Stripe); Banking / BaaS (Bangor Savings Bank); Sponsor bank (Bangor Savings Bank).
Anchor is founded in 2021 and headquartered in United States.
Anchor has raised $35M+ in total (latest round: Series A, February 2025).
Get a read on where your own stack stands against Anchor and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.