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 customersBusiness account
Regulators/ComplianceMastercard 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
PricingWhat 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 Supportedsingle currency (GBP)
 
Product costYou 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 deliveryFree, within 5 working days
Money transfers/paymentsFree transfers within ANNA; Free UK transfers, in and out - depends on the plan
ATM withdrawalsFree
OtherVirtual cards available
(a) a personal accountNo
(b) a business accountYes

Key people

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 offeringA 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 licenseNo
Type of customersBusinesses (UK)
Estimated revenue$1M to $10M
Number of investors 5
Number of lead investors3
Names of lead investorsABH Holdings SA, Kinetik, Houghton Lane

Tech stack

Competitors

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Reviews