Abaca (Financial Software) Overview

  • Year Founded
  • 2017

Year Founded

  • Status
  • Acquired/​Merged

  • Employees
  • 42

Employees

  • Latest Deal Type
  • M&A

  • Latest Deal Amount
  • $28.4M

Abaca (Financial Software) General Information

Description

Developer of a fintech banking platform designed to provide financial and commercial banking services. The company's platform offers compliant bank accounts, electronic payments, lending, and other financial services, enabling businesses in the cannabis industry to conduct business and access capital.

Contact Information

Website
www.goabaca.com
Formerly Known As
MediPays
Ownership Status
Acquired/Merged
Financing Status
Formerly VC-backed
Corporate Office
  • 317D North Main Street
  • North Little Rock, AR 72114
  • United States
+1 (501)
Primary Industry
Financial Software
Other Industries
Other Financial Services
Acquirer
SHF Holdings
Vertical(s)
Cannabis, FinTech
Corporate Office
  • 317D North Main Street
  • North Little Rock, AR 72114
  • United States
+1 (501)

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Abaca (Financial Software) Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
5. Merger/Acquisition 15-Nov-2022 $28.4M Completed Generating Revenue
4. Later Stage VC 09-May-2022 Completed Generating Revenue
3. Early Stage VC 30-Sep-2020 Completed Generating Revenue
2. Early Stage VC 17-May-2019 $900K $930K Completed Generating Revenue
1. Accelerator/Incubator 01-Oct-2018 $30K $30K Completed Generating Revenue
To view Abaca (Financial Software)’s complete valuation and funding history, request access »

Abaca (Financial Software) Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Developer of a fintech banking platform designed to provide financial and commercial banking services. The company's pla
Financial Software
North Little Rock, AR
42 As of 2022

San Francisco, CA
 

Bonita Springs, FL
 
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Abaca (Financial Software) Competitors (6)

One of Abaca (Financial Software)’s 6 competitors is Dama Financial, a Formerly PE-Backed company based in San Francisco, CA.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Dama Financial Formerly PE-Backed San Francisco, CA
Green Check Verified Venture Capital-Backed Bonita Springs, FL
Aero Payments Venture Capital-Backed Chicago, IL
CanPay Corporation Mercer Island, WA
Shield Compliance Venture Capital-Backed Seattle, WA
To view Abaca (Financial Software)’s complete competitors history, request access »

Abaca (Financial Software) Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

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Majestic Referring Domains

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Abaca (Financial Software) Former Investors (3)

Investor Name Investor Type Holding Investor Since Participating Rounds
AFI Capital Partners Growth/Expansion Minority
Achari Ventures Venture Capital Minority
CanopyBoulder Accelerator/Incubator Minority
To view Abaca (Financial Software)’s complete investors history, request access »

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Abaca (Financial Software) FAQs

  • When was Abaca (Financial Software) founded?

    Abaca (Financial Software) was founded in 2017.

  • Where is Abaca (Financial Software) headquartered?

    Abaca (Financial Software) is headquartered in North Little Rock, AR.

  • What is the size of Abaca (Financial Software)?

    Abaca (Financial Software) has 42 total employees.

  • What industry is Abaca (Financial Software) in?

    Abaca (Financial Software)’s primary industry is Financial Software.

  • Is Abaca (Financial Software) a private or public company?

    Abaca (Financial Software) is a Private company.

  • What is the current valuation of Abaca (Financial Software)?

    The current valuation of Abaca (Financial Software) is .

  • What is Abaca (Financial Software)’s current revenue?

    The current revenue for Abaca (Financial Software) is .

  • How much funding has Abaca (Financial Software) raised over time?

    Abaca (Financial Software) has raised $2.78M.

  • Who are Abaca (Financial Software)’s investors?

    AFI Capital Partners, Achari Ventures, and CanopyBoulder have invested in Abaca (Financial Software).

  • Who are Abaca (Financial Software)’s competitors?

    Dama Financial, Green Check Verified, Aero Payments, CanPay, and Shield Compliance are some of the 6 competitors of Abaca (Financial Software).

  • When was Abaca (Financial Software) acquired?

    Abaca (Financial Software) was acquired on 15-Nov-2022.

  • Who acquired Abaca (Financial Software)?

    Abaca (Financial Software) was acquired by SHF Holdings.

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