Cardiff-based ANNA Money has been named in the inaugural edition of CNBC UK's Top Fintech Companies Special Report.
The report, compiled by CNBC in partnership with market research firm Statista, profiles the top 150 fintech companies operating in the UK across seven market sectors, utilising key performance indicators and sector-specific metrics to assess each firm.
ANNA Money features in the neobanking category, which highlights digital-only financial institutions. The company provides an AI-powered business account service designed to assist freelancers and small businesses with financial management tasks, including handling taxes.
Fintech landscape
According to CNBC, "With a centuries-old financial services sector, and attracting more FinTech VC investments than any other European country, the UK is a significant global hub for FinTechs and one of the world's largest markets for financial technology."
The report goes on to note the position of neobanks in the UK market: "The neobanking segment in particular has flourished in the UK thanks to fintech-friendly rules devised by regulators after the global financial crisis to make the banking sector more competitive."
Recognition for ANNA Money
The inclusion in the CNBC and Statista report has been welcomed by the ANNA Money team. Eduard Panteleev, Co-Founder and Co-Chief Executive Officer at ANNA Money, reflected on the recognition:
"We don't do what we do to win awards or accolades - we do it to make running a business easier for our customers. But being named as a top UK neobank by CNBC, a world leader in business news whose content is consumed by millions of people globally, is very pleasing, and we'd like to thank both CNBC and Statista for including us - it's a great honor."
Background on ANNA Money
ANNA Money has supported over 100,000 businesses in the UK, providing AI-driven business accounts and a tax application to help simplify financial administration for small and medium-sized enterprises. The platform offers services such as invoice creation and management, receipt scanning, and tax calculation support. According to the company, it is currently rated 4.3 ('Excellent') on Trustpilot.
The company has also received previous accolades and industry recognition. In recent years, ANNA Money was listed in Bloomberg's "25 Startups to Watch in 2024," featured in the CB Insights Top 100, ranked #26 in the Deloitte Fast 50, and secured the #18 spot in The Sunday Times 100 Tech List.
Expansion and product development
This year, ANNA Money began offering its services to customers in Australia. The company has stated plans to extend its offering for UK customers, including the introduction of expense management tools and credit cards in the near future.
ANNA Money was awarded "Best Application of AI or ML in Financial Services" at the 2023 Card and Payments Awards. It continues to invest in artificial intelligence, machine learning, and large language models with the stated aim of simplifying business administration for small firms across the UK.
