Requests and collections have long been a headache for companies. It is slow, expensive, easily errors, and vulnerable to fraud. The root of the problem lies in the manual process burned to all billing cycles. The DUN & BRADSTREET report revealed that cash flow problems have led to 90 % of SMEs in 2019. The impressive thing is that 60 % of these businesses are profitable, but the payments have been delayed and collapsed due to the cash flow gap.
Anchor, a Fintech startup based in Tel Aviv, is working on an autonomous billing platform that automates payment to this issue and pays a company on time without normal friction.
Today, Anchor has announced that it has just secured a $ 15 million seaward led by Rapyd Ventures, a Rapyd venture capital arm. Antree Capital, an early supporter of companies such as Monday.com and RiskiFied, has also participated in the round of Tal Ventures, known for investing in more than 30 companies, including Rapyd.
Anchor plans to grow the team using this fund, strengthen partnerships, rationalize the invoices and payment process of small and medium -sized enterprises, and strengthen marketing activities.
This platform connects business and its clients through a live online contract that works as a single truth source. Anchor’s automated system manages the entire billing cycle, from vendor contracts to invoices, payments, and reconciliation. This allows companies to focus on their work, not pursuing payments.
Anchor, founded by ROM LAKRITZ (CEO), OMRY Man, and Leeor Aharon in 2021, is operated in the United States at R & D Center in Israel. With the support of technologies and financial sector investors, the company has brought the SaaS claim experience to the B2B service industry and responded to the needs of dynamic claims that are constantly changing. The goal is to make business owners focusing on their work instead of getting lost in the management task.
Anchor integrates with the client’s payment system and service provider’s technical stack. When the service is distributed or the billing date arrives, the invoice is automatically generated and sent according to the contract. Payments, collections, and reconciliation are performed seamlessly in the background.
“The claim and collection issues come from human elements,” says Rom Lakritz, a co -founder and CEO of Anchor. “If a reliable service provider claims in the same way as trusting an invoice automated from Spotify or Amazon, the cash flow is not so difficult. This is a market that exceeds $ 120 trillion per year.”
ARIK SHTILMAN, CEO of Rapyd, regards Anchor as an essential item for companies. “It is clear that the anchor understood the future of the payment and built the latest framework for B2B transactions.”
Avi Eyal, a co -founder and management partner of Antéecapital, points out that the payment of B2B remains very fragmented. “Anchor is an important player by identifying unique opportunities and developing solutions on thousands of service -based businesses.”
Eyal Dior, a co -founder and management partner in Tal Ventures, believes that Anchor is reconstructed how companies handle transactions. “They have built a solution for markets that are not receiving services waiting for innovation.”
Anchor’s cloud -based platform automates all parts of the B2B claim and payment process, eliminating the risk and human error of fraud. By manually working from an equation, companies are paid without normal delays or complications.
OMRY MAN, co -founder and ROM LAKRITZ, co -founder and CEO, Leek Aharon, co -founder and CTO (credit: Anchor)
Source link
