Anchor, a NYC-based autonomous billing platform, completed a $15m seed-funding round.
The round was led by Rapyd Ventures, the new venture capital arm of Rapyd, Entrée Capital, and Tal Ventures.
The company will use the funding to expand its team and extend its partnerships and marketing efforts.
Founded in 2021 and led by Rom Lakritz, CEO, Anchor gets businesses paid on time via a cloud-based autonomous billing solution which removes all manual labor from these processes. The company connects businesses and their clients through a ‘live online agreement’ to cover the entire cycle: starting with the vendor and client agreement and managing the invoicing, payment, and reconciliation steps.
Anchor integrates with the client’s payment information and with the service provider’s tech stack, so once the service is delivered, or upon the billing due date, the invoices are automatically populated and sent according to the agreement and deliverables. Once payments are released, Anchor automates the collections and reconciliation.