Anchor Secures $20 Million in Series A Funding to Revolutionize Billing Solutions

Anchor Secures Major Investment to Transform Billing Processes

On January 30, 2025, Anchor, a pioneering Autonomous Billing & Collections platform, announced it successfully raised $20 million in a Series A funding round, spearheaded by Mosaic General Partnership and Oren Zeev from Zeev Ventures. This funding will help Anchor significantly enhance its services, aimed particularly at small to medium-sized accounting firms grappling with inefficiencies in invoicing and payments.

Anchor's platform stands out by fully automating accounts receivable processes, eliminating the traditional cumbersome methods associated with invoice management. As reported, businesses utilizing Anchor experience a remarkable increase in profits—often over 30%—and a substantial decrease in revenue losses, dropping from more than 5% to under 1%. Furthermore, the time it takes to sign agreements has been slashed from an average of 45 days to less than 24 hours.

As Rom Lakritz, Anchor's CEO and Co-Founder, states, “Small businesses are the beating heart of the economy, and yet too many are becoming casualties to the unnecessary manual work associated with invoicing and payments.” Given the current landscape where half of US B2B invoices are overdue, Anchor's solution aims to streamline these processes significantly.

The backbone of Anchor's approach is its shift from outdated PDF-based workflows to a fully integrated, digital-first system for managing proposals, agreements, invoicing, and payments. This transition not only simplifies the process but also reduces opportunities for errors, fraud, and delays.

With a current customer base primarily consisting of professional service businesses, especially in accounting and bookkeeping, Anchor is well-placed to meet the pressing needs of this sector. Notably, the company offers its services for free, eliminating the burdensome subscription fees typical of similar platforms, charging only a flat fee of $5 per transaction. This innovative pricing model underscores Anchor's commitment to providing accessible solutions that prioritize customer satisfaction.

Furthermore, the recent funding round saw participation from a myriad of investors, including industry giants and thought leaders such as Amy Banse, a board member at Adobe, and former NBA star Andre Iguodala. These strategic partnerships are expected to fuel Anchor's ambitious plans for growth and their drive to reinforce their market presence in the U.S.

As Anchor charts its path forward with plans to double its workforce over the next year, the company also emphasizes its potential for broader economic impact. The improvements in cash flow management provided by Anchor’s platform pertain not just to individual businesses but also influence economic stability, helping small and medium enterprises thrive amid rising financial complexities.

Looking ahead, Anchor aims to combat B2B payment inefficiencies on a larger scale, revolutionizing the way businesses manage their financial operations. As they continue to build on their unprecedented growth trajectory—with a staggering 500% increase in 2024—Anchor is on the verge of shaping a future where financial processes are no longer a bottleneck but a catalyst for business success.

For those interested in exploring a modern approach to financial workflows, Anchor promises a seamless transition into an era that prioritizes efficiency and simplicity, thereby enabling businesses to flourish.

For further details about Anchor and their revolutionary offerings, visit www.sayanchor.com.