Abaca
Financial ServicesUnited States51-200 Employees
Abaca is a financial and regulatory technology company that facilitates electronic payment processing, banking, lending and other financial services for the cannabis industry.
Market Niche Expansion Abaca operates within the specialized niche of financial services tailored for the cannabis industry, offering electronic payment processing, banking, and lending solutions, indicating opportunities to expand advanced financial tech integrations for cannabis operators seeking secure, compliant payment infrastructures.
Technology Adoption The company's use of modern cloud and web technologies like Google Cloud, Nginx, and PHP demonstrates a commitment to scalable, secure platforms, presenting opportunities to offer enhanced cybersecurity and cloud security solutions to safeguard client data and transactions.
Strategic Partnerships Partnerships with firms like Staley Technologies highlight Abaca’s focus on digitizing cash management, suggesting potential for sales of advanced cash handling and digital treasury management solutions to optimize liquidity and reduce cash handling risks in the cannabis sector.
Growth & Development Recent hires and product developments like the Abaca Treasury Center demonstrate a focus on creating integrated dashboards and real-time cash management tools, opening opportunities to introduce analytics, reporting tools, and financial automation services for cannabis businesses seeking efficiency gains.
Regulatory & Compliance Focus With leadership appointments in compliance roles and a history of launching social equity programs, Abaca underscores the importance of regulatory adherence, indicating opportunities to provide compliance management solutions, legal tech, and risk mitigation services tailored to cannabis industry banking.
Abaca uses 8 technology products and services including Facebook Pixel, Google Cloud, jQuery, 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 ServicesUnited States51-200 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 estimated to be in the range of $10M$25M
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 estimated to be in the range of $10M$25M