ANNA Money
Description
ANNA Money is the business current account for startups and small businesses. Swift to set up, ANNA manages your invoices and comes with a debit Mastercard® too.
Overview
| Type: | Private |
| Funding Status: | Series A |
| Foundation year: | 2017 |
| Location: | London, United Kingdom |
| Number of employees: | 11-50 |
| Founders: | Andrei Pachai, Boris Dyakonov, Daljit Singh, Eduard Panteleev, Nikita Filippov, Slava Akulov |
| Website: | http://anna.money/ |
Target geographic market:
Europe
Awards:
The Card and Payments Award 2020: The Judges’ Award; FS Tech Awards 2019: Digital Launch of the Year
About Product/Service
| Products | Business account; Debit card; Invoicing software; Receipt scanner; Tax services; ANNA for accountants |
|---|---|
| Core product offerings for individual/retail customers | Business account |
| Regulators/Compliance | Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated. The Card is issued by PayrNet Limited pursuant to license by Mastercard International Inc. PayrNet is authorised by Financial Conduct Authority to conduct electronic money service activities under the Electronic Money Regulations 2011 (Ref: 900594). Absolutely No Nonsense Admin Ltd. ‘ANNA’ is a trademark of Absolutely No Nonsense Admin Ltd. Company number: 10149389 |
| Pricing | What you pay depends on your business. Monthly income under £500 - £0 a month, VAT included, Maximum balance - £5000 / Monthly income £500–£2,000 - £4.90 a month, VAT included, Maximum balance - £25,000 / Monthly income £2,000–£20,000 - £9.90 a month, VAT included, Maximum balance - £120,000 / Monthly income £20,000–£500,000 - £19.90 a month, VAT included, Maximum balance - £700,000 |
| The Base Currency | £ (GBP) |
| Number of Currencies Supported | single currency (GBP) |
| Product cost | You pay a simple flat monthly fee, depending on how much you use ANNA. Plans cost £0, £4.90, £9.90 or £19.90 a month |
|---|---|
| Openning a current account (business and personal) | Free |
| Issuing physical card and delivery | Free, within 5 working days |
| Money transfers/payments | Free transfers within ANNA; Free UK transfers, in and out - depends on the plan |
| ATM withdrawals | Free |
| Other | Virtual cards available |
| (a) a personal account | No |
| (b) a business account | Yes |
Funding rounds
| Last Funding Date | May 11, 2020 |
|---|---|
| Last Funding Amount | £17.5M |
| Last Funding Type | Series A |
| Total Funding Amount | £36.5M |
| Number of Funding Rounds | 4 |
Financials
| Customer/Products segments | Business Accounts |
|---|---|
| Key product offering | A professional account for your self-employed / freelance / auto entrepreneur status allowing you to be paid and to pay your expenses (contributions, RSI, VAT, taxes...).Current online account for medium to large businesses |
| Banking license | No |
| Type of customers | Businesses (UK) |
| Estimated revenue | $1M to $10M |
| Number of investors | 5 |
| Number of lead investors | 3 |
| Names of lead investors | ABH Holdings SA, Kinetik, Houghton Lane |
Tech stack
Competitors
| Founding Date | Type | Tags | |
x Revolut Revolut is a digital banking alternative for... | 2015 | Private | challenger banks, fintech |
x Mettle Mettle is a free business account by NatWest that... | 2018 | Private | Challenger banks, fintech |
x Oxygen Oxygen is a neo (challenger) bank. The first and... | 2018 | Private | fintech, challenger banks |
x TransactionLink We integrate tech and fintech solutions (eg.... | 2020 | Private | |
x Tandem Tandem is building a bank and financial... | 2013 | Private | challenger bank, fintech |
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