Anchor API
Banking & Fintech · Payments · Identity & KYC · Nigeria
Anchor is a Banking-as-a-Service (BaaS) and embedded finance platform headquartered in Lagos, Nigeria, purpose-built for African businesses and developers who want to launch financial products without building core banking infrastructure from scratch. Founded and Y Combinator-backed, Anchor has become one of Nigeria's most important fintech infrastructure companies serving clients including Wema Bank, Mono, Squad, and SeamlessHR across SaaS, digital health, e-commerce, and enterprise sectors.
Anchor API Highlights
Anchor API is verified for developer integrations in Nigeria and across African markets, providing documented endpoints, sandbox testing, and developer support.
API Key (Bearer Token) generated via Anchor Dashboard under Developers > API Keys with granular permission scoping
Not publicly documented contact Anchor support for rate limit details
Nigeria
Ghana
KenyaAnchor API is best for:
Nigerian fintech startups, neobanks, SaaS platforms, digital health companies, and enterprises that want to embed banking features accounts, transfers, card issuance, savings, and lending without building from scratch or obtaining their own CBN license.
- Pricing sourced from Anchor's official pricing document; rates are not publicly listed on their website and may change contact hello@getanchor.co for a current quote
- Account Creation (Deposit / Virtual / Sub-Ledger): ₦0
- Monthly Account Maintenance:₦0
- Generate Account Statement:₦0
- Inflow via Virtual NUBAN (collections):0.5% capped at ₦200
- Inflow Stamp Duty (deposit accounts, CBN regulation): ₦50 on deposits over ₦10,000
- Book Transfer (intra-bank):₦0
- Payout / NIP Transfer:₦20 per transfer
- Bulk Transfer:Cost varies per transfer type
- COT Charges on transfers above ₦10,000,000: 0.1% capped at ₦50,000
- KYC Tier 2 (individual):₦50
- KYC Tier 3 (individual):₦200
- Business KYB verification:₦1,000
- Contact hello@getanchor.co for an updated quote
Anchor API Core Features & Capabilities
Features Included
Not Supported
Anchor API Supported Webhook Events
Webhooks supported (Webhook Events). Check official documentation for endpoint setup.
Required Access Documents for Anchor API
- CAC Registration CertificateRequiredCertificate of Incorporation or Business Name Registration from the Corporate Affairs Commission required for KYB (Know Your Business) verification to go live.
- Director BVNRequiredBank Verification Number of at least one director or business owner as part of the KYB compliance process.
- Valid Government IDRequiredInternational passport, driver's licence, or NIN slip for identity verification of directors.
- Business Bank AccountRequiredActive Nigerian bank account in the business name for settlement and financial operations.
- Utility Bill / Address ProofOptionalRecent utility bill or bank statement to confirm business address may be required depending on the financial products you are enabling.
Different Anchor API use cases
- Neobank App:Build a fully-featured Nigerian neobank with deposit accounts, virtual cards, NIP instant transfers, and savings products all powered by Anchor's BaaS APIs without needing a CBN banking license.
- Embedded B2B Payments for SaaS:Add expense management, business wallets, and bulk payroll disbursements to your SaaS platform using Anchor's accounts and payments API enabling your business customers to manage money inside your product.
- Digital Health Payment Wallet:Issue virtual accounts to patients or HMO members, accept premium collections, and disburse provider payments using Anchor's virtual accounts and transfer APIs solving fragmented health payment flows in Nigeria.
- Lending & Credit Platform:Build a Nigeria-focused loan app using Anchor's credit and customer verification APIs handling borrower KYC, loan disbursement to bank accounts, and repayment collection in one integrated stack.
- Marketplace Escrow & Payout:Create secure buyer-seller escrow accounts and automated vendor payouts for Nigerian e-commerce or gig platforms using sub-ledger accounts and bulk transfer capabilities.