Anchor Gets $15million Seed Funding to Expand its B2B Autonomous Billing Solution

Companies often spend an incommensurate amount of time chasing overdue payments, which distracts them from their core businesses and brings forth cash flow issues.

The wasted time and other challenges suffered during payment collection mainly stem from a reliance on manual billing cycles and processes, which are laborious, time-consuming, and prone to mistakes and fraud. These are the gaps that Anchor, a U.S. startup with a research and development center in Israel, is out to bridge.

The funding round was co-led by Rapyd Ventures, the new venture capital arm of Rapyd; Entrée Capital, a venture capital firm that has invested in multiple companies including Monday.com and Riskified; and Tal Ventures, an Israel-based VC with a portfolio of more than 30 companies, including Rapyd.