Non-EU vendorFintech & NeobanksHeadquarters: GB

ANNA Money: sovereignty score and 8 European alternatives

ANNA is a mobile business account for small businesses in the United Kingdom. Its app combines a business account with business cards, admin support and reminders for tax deadlines. The company states that it is not a bank: its business cards are issued under an electronic money arrangement by PayrNet Limited, an electronic money institution authorised by the Financial Conduct Authority, and its savings accounts are provided by Griffin Bank Ltd. The service is delivered as a mobile app.

The trading name ANNA Money belongs to Absolutely No Nonsense Admin Ltd, which is registered in Cardiff and is a subsidiary of ANNA Holdings Ltd. Because the company is established in the United Kingdom, it sits outside the EU and EEA, which matters for European organisations choosing an EU-based provider. The website does not state where customer data is hosted or whether an EU or EEA hosting option is available. Because services are split between an e-money institution and a separate partner bank, the data flows should be checked for each contractual relationship.

See the 8 European alternatives ↓Assess your stack with ANNA Money pre-selected

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Sovereignty score

32 / 1000 = high exposure
100 = sovereign

Jurisdiction SOV-250
Headquartered outside the EU (GB)
Data residency SOV-30
No hosting in Europe (OTHER)
Cryptographic key sovereignty SOV-340
Key management with a non-European vendor
Freedom from lock-in SOV-640
Closed source: switching requires data migration
Source & runtime sovereignty SOV-4 · SOV-630
Closed source, runtime with the vendor

SOV codes: the matching objective in the European Commission's Cloud Sovereignty Framework. Official source

How the score is calculated

Facts and evidence

Last checked October 11, 2026

Headquarters	GB (OTHER)Verified by hand
EU adequacy decision	Yes — found adequate by the European CommissionVerified by hand
Sovereignty model	Vendor-hosted (non-EU)Verified by hand
Data hosting	OTHERVerified by hand
Open-source	NoVerified by hand
GDPR-compliant	NoVendor-stated
Category	Fintech & Neobanks
Type	Product
Website	anna.money ↗

How we verify · Something wrong? Suggest a correction

Top EU-based & GDPR-compliant alternatives to ANNA Money

The European alternatives to ANNA Money come from our knowledge base of over 6,800 vendors. We only list vendors headquartered in the EU or the EEA; fully European-owned vendors rank before vendors with a foreign owner. For each alternative you see the country, the open-source status and a short description.

Score per alternative: 0 = high exposure, 100 = sovereign

116 European Fintech & Neobanks vendors are in the catalogue. View the whole category · Submit an alternative · View category on the map

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Why digital sovereignty matters with ANNA Money

ANNA Money is headquartered in GB, outside the EU. Contracts and data therefore also fall under non-European law. The GDPR applies through contractual terms, but in a conflict with local legislation you have less certainty than with a European vendor.

ANNA Money hosts data outside the EU (OTHER). Personal data therefore leaves the EU, which requires a transfer mechanism under the GDPR and pulls the data residency score down.

ANNA Money is closed source and hosted by the vendor. The encryption keys and the runtime sit with the vendor and switching requires data migration. Ask about bring-your-own-key, export options and open standards.

What this means for your organisation depends on your whole stack and context. The free assessment weighs ANNA Money together with your other vendors and gives a total score, a heatmap and the main risk drivers.

Frequently asked questions

What is the best European alternative to ANNA Money?

It depends on your use case. Strong EU alternatives to ANNA Money include 1822direkt, ActivoBank and Air Bank. On this page you can compare 8 EU alternatives by jurisdiction, data residency and open-source status.

Are there open-source alternatives to ANNA Money?

Our list of EU alternatives to ANNA Money is mostly commercial options. Browse the category on the map for open-source choices.

Is ANNA Money GDPR-compliant and where is the data hosted?

ANNA Money is headquartered in GB (OTHER) and hosts data in OTHER. Its GDPR compliance is limited or unclear. For full EU data residency the EU alternatives on this page usually offer more certainty.

Details and sources

Verified by handHeadquarters, owner, hosting locations and licence have been checked by us against public sources. Free of charge and for every vendor, not a paid label. Nothing in this knowledge base is taken over automatically. Last checked on October 11, 2026.

Sources

Public sources used in the latest check of this record.

Compliance evidence

The links below point to the vendor's own public documents. We only record what we found: a missing link means "not found publicly", not "not compliant".

No public compliance evidence has been recorded for this vendor yet. Do you know its DPA or subprocessor list? Something wrong? Suggest a correction

Digital sovereignty in Fintech & Neobanks

Fintech & Neobanks: Digital banks, neobanks, money transfers and fintech services. In this category the choice of vendor determines who has legal access to your data, where that data lives and how easily you can switch later.

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