Anchor announced today that it has achieved two major regulatory milestones: an International Money Transfer Operator (IMTO) licence from the Central Bank of Nigeria and Money Services Business (MSB) registration with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC).
These approvals reinforce Anchor’s commitment to compliance, security and transparency as it builds the rails for money movement between Africa and the rest of the world.
“We’re building more than APIs,” said Segun Adeyemi, CEO, Anchor. “Our goal is to provide the licences, compliance framework and infrastructure that let fintechs and enterprises launch innovative, regulated financial products with speed and confidence.”
See also: Anchor celebrates third anniversary with $2.5 billion processed
With these licences, Anchor’s partners can:
- Launch remittance and B2B payment products faster with clearer compliance pathways
- Tap into multi-currency wallets, accounts, payments, and card issuance via Anchor’s API stack
- Access stable, auditable infrastructure built for scale
Anchor powers payments and banking services for a growing portfolio of fintechs and non-fintech businesses across Africa, including Veloremit, Quick Remit, Bujeti, Middleman Kredete, Obtainly, Timon, Stacks and many more.
The new licences strengthen its ability to serve cross-border use cases and lay the groundwork for further regulatory approvals in other key markets.
“Africa’s cross-border payments market is projected to reach $329 billion by 2025 and surge to $1 trillion by 2035,” added Segun Adeyemi. “We’re positioning Anchor as the trusted infrastructure to unlock that growth for innovators everywhere.”
Last updated: September 18, 2025
