Anchor YC Application

Summer 2022Active

Anchor went through Y Combinator in the Summer 2022 batch as a Fintech company. Below: what the company does, who founded it, and its application to YC, reconstructed question by question in the real YC form.

YC batch: Summer 2022
Industry: Fintech
Team size: 8
Status: Active
Launched: 2022

Founders

Segun AdeyemiFounder
GBEKELOLUWA OLUFOTEBIFounder
Olamide SobowaleFounder

What Anchor does

Anchor provides APIs, dashboard and tools that help developers easily embed and build banking products. This includes APIs for creating bank accounts, funds transfers, savings products, issuing cards and offering loans. We also provide regulatory coverage and continuous compliance support to our partners.

Anchor's YC application, reconstructed

Y Combinator application

Anchor, Summer 2022 batch. The real form questions, answered from public data.

Founders2
Company7
Progress7
Idea4
Equity3
Curious2
Batch Preference1

Company

Company name

Anchor

Describe what your company does in 50 characters or less.

Embedded finance platform for African businesses

What is your company going to make? Please describe your product and what it does or will do.

We provide APIs, a dashboard, and tools that let developers build and embed banking products easily. Our platform covers bank accounts, fund transfers, savings, card issuing, and loans. We also manage regulatory and compliance challenges for our partners in Africa.

Where do you live now, and where would the company be based after YC?

We are based in Lagos, Nigeria, and plan to stay here after YC.

Explain your decision regarding location.

Lagos is where the fintech opportunity we are building for exists. Our customers and partners are here, and being on the ground is critical for regulatory access and product fit.

21 more answers in the full application

Founders, Progress, Idea, Equity, Curious, Batch Preference are in the full version. Create a free account to open it in YC Insights, next to every other YC batch.

See full application

Frequently Asked Questions

Is this the real Anchor YC application?

No. Y Combinator keeps submitted applications private. This is a reconstruction: the real YC form questions, answered from Anchor's public data (launch notes, founder backgrounds, product description). It shows how a company like Anchor would present itself to YC, not the text they submitted.