back Back

Tal Ben Bassat joins Anchor as VP of Finance and Operations

By Edlyn Cardoza

July 07, 2022

  • Anchor
  • Appointment
  • B2B Billing
Share

Anchor, Appointment, Tal Ben Bassat, B2B Billing, Collections Platform, Mastercard, Vice President of Finance and Operations, New Payment Platform, SMBs, USA
Tal Ben Bassat, Vice President of Finance and Operations, Anchor

Anchor, the autonomous B2B billing & collections platform, announces hiring Tal Ben Bassat, a senior Mastercard executive, as its new Vice President of Finance and Operations.

Prior to Anchor, Tal spent three years at Mastercard’s New Payment Platform division, located in London, UK, leading the global product strategy, business development, and M&A of multiple products in the areas of Real-Time Infrastructure, Account to Account payments, and Open Banking. Tal is a certified lawyer and a CPA specialising in technology companies, and his global experience includes multiple international strategies, operations, and business development roles. Tal holds an MBA from the London Business School and a bachelor’s degree with honours in Law, Business Administration, and Accounting from Reichman University.

Founded in 2020 and backed with $15 million seed funding from leading international investors, Anchor brings the SaaS billing experience to the B2B service industry. Estimated at $120 trillion annually, B2B billing and collections are highly manual processes that affect companies of all sizes, especially small and medium-sized businesses (SMBs), which are more cash flow sensitive. Anchor is the first solution to fully support dynamic billing needs that constantly change while solving multiple pain points such as late payments, revenue leakage, manual mistakes, fraud, and the high operational costs involved.

“Anchor’s end-to-end platform fully automates the entire billing cycle: from the minute the relationship starts with an agreement until the money is transferred to the vendor and reconciled in the general ledger. This provides both businesses and their clients full control, flexibility, transparency, and security by leveraging Open Banking and Account-to-Account payments,” says Tal Ben Bassat, Vice President of Finance and Operations. “This is a simple and elegant solution for a complex problem that will help companies secure their cash flows, and long-term growth. I am excited to join Anchor’s experienced and highly motivated team in bringing businesses into the automation age.”

“Delayed B2B payments bring hundreds of SMBs down every year and wipe billions of dollars out of the global economy,” says Rom Lakritz, Anchor’s CEO and Founder. “Anchor’s mission is to help business owners get paid on time, effortlessly, and thrive by enabling them to focus on growing their operation and providing high-quality service to their customers. Tal’s skills and multidisciplinary experience make him a perfect partner in this journey, and we are thrilled to have him on board.”

Previous Article

July 07, 2022

IndusInd Bank partners with MoEngage to deliver Gen Z digital banking

Read More
Next Article

July 07, 2022

Magnati joins Mastercard’s Fintech Express programme

Read More








IBSi Daily News Analysis

March 22, 2024

Anchor

Industry experts stress modernization, sustainability, and AI as cornerstones for future of corporate banking, Finastra study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

5 Major FinTech Acquisitions announced in March 2024

Read More

Today

Tempo France suspends classical remittances, to focus on DeFi

Read More

Today

Qonto unveils its first in-house financing offer, ‘Pay later’

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023