Ankor AI, a fintech startup based in Stockholm and founded by former professional basketball player Kyle Rowley, has raised $1.3 million in pre-seed funding.
The round was led by Copenhagen-based venture firm Upfin and includes investors tied to fintech leaders Klarna, Juni, Pleo, and Moss.
Ankor is tackling one of e-commerce’s most persistent challenges: the time-consuming process of financial reconciliation. Its platform connects to tools like Shopify, Stripe, QuickBooks, Centra, and NetSuite, helping operators match payouts, invoices, orders, and transactions automatically.
According to Ankor, its users have cut reconciliation workloads from over 30 hours a month to under 2. The platform was rebuilt from the ground up over the past year, a move driven by customer feedback. Rather than asking for more dashboards or insights, users wanted one thing: better outcomes.
Kyle Rowley shared that many operators he spoke to were clear on the problems but lacked the internal resources to solve them. They were spending hours downloading statements, checking for missing transactions, and juggling spreadsheets—when they needed execution, not more analysis.
To solve this, Ankor developed “Accelerators”—AI-powered tools that handle specific, repetitive finance tasks like a specialized team member would. Each Accelerator is built to manage a critical part of the finance process, surfacing only the exceptions for human review.
The Ankor platform is built on two key layers:
Ankor Connect, which aggregates and standardizes real-time data across platforms
Accelerators, which automate reconciliation, 3-way matching, and other high-friction workflows
The company emphasizes ease of adoption, promising a 15-minute setup process with no long-term contracts.
Rowley, originally from Trinidad and Tobago, made the leap from professional sports to tech five years ago. With this latest raise, Ankor plans to expand further into the UK and launch its 3-Way Match Accelerator by the end of 2025.
The startup is part of a growing wave of AI-driven tools built not just to inform decision-making but to improve daily execution. For finance and operations teams, Ankor aims to remove busywork and return time to focus on strategy and growth.
