Bank

Anchor

Anchor, a global banking and payments platform that enables businesses to integrate financial products into their own systems, has processed over $2.5 billion in transactions since its inception in 2022, according to its 2025 End-of-Year Review.
The company expanded its regulatory footprint by securing new Microfinance Bank and International Money Transfer Operator licences in Nigeria, and a Money Service Business license in Canada.
Since launching, <a href="https://getanchor.co/" rel="noopener noreferrer nofollow">Anchor </a>has onboarded over 1,000 businesses across 18 countries in Africa, North and South America, and Europe, whilst enabling more than 20 million local and international payments.
“Acquiring these licences reinforces our commitment to building durable and trusted infrastructure,” said Segun Adeyemi, CEO of Anchor.
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<h5 id="from-an-infrastructure-provider-to-a-regulated-institution" class="wp-block-heading">From an infrastructure provider to a regulated institution</h5>
The regulatory licences represent a defining shift for Anchor, moving the company from operating purely as infrastructure to becoming a fully licensed financial institution in key markets.
Its Microfinance Bank licence in Nigeria enables it to offer banking services directly, while the International Money Transfer Operator licence supports cross-border remittances. The Canadian Money Service Business licence expands its ability to serve businesses operating in North America.
The regulatory progress followed a period of intensive engagement with authorities in multiple jurisdictions and operational strengthening to meet compliance standards.
<figure class="wp-block-image size-full"><img width="1024" height="811" src="https://technext24.com/wp-content/uploads/2023/09/image-12.png" alt="Anchor raises $2.4m seed to expand product offerings in Africa">
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 Segun Adeyemi, CEO of Anchor
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In 2025, Anchor introduced several enhancements, including USD virtual cards for global spending, improved account structures, and streamlined payment flows for international teams.
Similar read: <a href="https://technext24.com/2026/04/01/etranzact-%e2%82%a630-6bn-revenue-2025/" rel="noopener noreferrer nofollow">eTranzact posted ₦30.6bn revenue in 2025 but profit fell 27% as spending surged 45%</a>
The company positions itself as an infrastructure for businesses building financial products, offering embedded accounts, payments, and card services that companies can integrate directly into their own platforms.
<h5 id="how-anchor-is-expanding-while-the-fintech-industry-is-merging" class="wp-block-heading">How Anchor is expanding while the fintech industry is merging</h5>
Anchor’s growth comes during a period of consolidation in African fintech, with several players either shutting down, scaling back operations, or pivoting business models due to regulatory pressure and funding challenges.
The company’s focus on securing licences across multiple jurisdictions suggests a strategy of building sustainable, compliant infrastructure rather than pursuing growth at the expense of regulatory relationships.
The 2025 End-of-Year Review highlights broader trends in how startups and enterprises are adopting embedded financial services and the increasing need for scalable, compliant infrastructure as regulators across Africa tighten oversight of fintech operations.
<figure class="wp-block-image size-full"><img width="1404" height="950" src="https://technext24.com/wp-content/uploads/2025/09/Examining-NIBSS-Instant-Payments-Nigerias-quiet-fintech-powerhouse.jpg" alt="Examining NIBSS Instant Payments: Nigeria’s quiet fintech powerhouse">
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Anchor’s transaction volume of $2.5 billion since 2022 places it amongst a growing tier of African fintech companies processing significant cross-border payment flows.
Although it still trails larger players like Flutterwave, which recently announced securing a Nigerian banking licence after processing over $40 billion in transactions.
The post <a href="https://technext24.com/2026/04/02/anchor-secures-nigerian-and-canadian-licences-as-it-crosses-2-5bn-in-transactions/" rel="noopener noreferrer nofollow">Anchor secures Nigerian and Canadian licences as it crosses $2.5bn in transactions</a> first appeared on <a href="https://technext24.com" rel="noopener noreferrer nofollow">Technext</a>.

Anchor secures Nigerian and Canadian licences as it crosses $2.5bn in transactions

Technext.ng

Other articles published on Apr 2, 2026

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