Anext Bank is a digital banking platform that provides SMEs with access to financial services through its ANEXT Programme for Industry Specialists, enabling seamless integration of banking solutions into their existing operations. The platform offers daily interest on SGD and USD balances, along with unlimited free local SGD transfers, enhancing cash flow management for businesses.
Funding
$148.6M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Small and medium-sized enterprises (SMEs) often face challenges in accessing financial services tailored to their specific needs, requiring them to navigate complex banking processes. Traditional banking solutions may not seamlessly integrate with the digital platforms and workflows that SMEs rely on for their daily operations.
Solution
ANEXT Bank provides a digital banking platform designed to offer SMEs streamlined access to financial services and integrate banking solutions directly into their existing business operations. Through the ANEXT Programme for Industry Specialists (APIs), the platform enables solution providers to offer financial services on their own platforms, expanding access for SMEs. The platform provides 24/7 visibility and control over business finances through a mobile app and online banking platform, along with daily interest on SGD and USD balances.
Target Audience
The primary target audience consists of small and medium-sized enterprises (SMEs) seeking accessible and integrated digital banking solutions.
Features
- Daily interest accrual on both SGD and USD account balances.
- Unlimited free local SGD transfers.
- Free inward telegraphic transfers.
- Mobile banking app and online platform for 24/7 account access.
- ANEXT Programme for Industry Specialists (APIs) for integration with existing business platforms.