Abaca
Financial ServicesArkansas, United States11-50 Employees
Abaca is a financial and regulatory technology company that facilitates electronic payment processing, banking, lending and other financial services for the cannabis industry.
Industry Expansion Abaca operates in the financial services industry, specifically catering to the unique needs of the cannabis sector. With the increasing legalization of cannabis across various states, there is a growing market for financial and regulatory technology solutions like those provided by Abaca, presenting a significant sales opportunity in a niche, yet thriving industry.
Technology Innovation Abaca leverages a diverse tech stack including Facebook Pixel, Chart.js, and jQuery, showcasing a commitment to utilizing cutting-edge technology in its operations. This technological sophistication can be highlighted as a competitive advantage to attract clients who value innovation and efficiency in their financial services providers.
Strategic Partnerships Through partnerships with companies like Staley Technologies Inc., Abaca is streamlining cash management processes in the cannabis industry. Leveraging these strategic alliances can be a powerful sales strategy to offer comprehensive solutions that address specific pain points faced by cannabis businesses, potentially leading to increased client acquisition and retention.
Executive Talent Abaca recently onboarded Preston Eldridge, a seasoned compliance officer with a legal background, showcasing a commitment to regulatory integrity and operational excellence. Highlighting the expertise of key personnel like Preston Eldridge can instill trust in potential clients, positioning Abaca as a reliable and knowledgeable partner in navigating the complex regulatory landscape of the cannabis industry.
Market Expansion Initiatives The launch of the Social Equity Grant Program in Illinois demonstrates Abaca's commitment to fostering inclusivity and supporting underrepresented businesses in the cannabis space. Emphasizing Abaca's social responsibility initiatives can resonate well with clients who prioritize ethical business practices, potentially opening up new sales opportunities in markets with a focus on social equity and community impact.
Abaca uses 8 technology products and services including Facebook Pixel, Font Awesome, Chart.js, and more. Explore Abaca's tech stack below.
Abaca Email Formats | Percentage |
First@goabaca.com | 47% |
Last@goabaca.com | 3% |
First@goabaca.com | 47% |
Last@goabaca.com | 3% |
Financial ServicesArkansas, United States11-50 Employees
Abaca is a financial and regulatory technology company that facilitates electronic payment processing, banking, lending and other financial services for the cannabis industry.
Abaca has raised a total of $500K of funding over 2 rounds. Their latest funding round was raised on Jul 01, 2020 in the amount of $500K.
Abaca's revenue is in the range of $10M
Abaca has raised a total of $500K of funding over 2 rounds. Their latest funding round was raised on Jul 01, 2020 in the amount of $500K.
Abaca's revenue is in the range of $10M