Abaca
Abaca is a fintech company offering banking, payment processing, lending, and treasury management services to the U.S. cannabis industry.
Business Model: B2B
Revenue: $0
Employees: 11-50
Rankings
Industries / Tags:
Detailed Abaca Information
Abaca was acquired by
Safe Harbor Financial.
The acquisition happend on 2022-10-31.
Details of the transaction were not public
Acquirer
Geographic Data
Address: 317D North Main Street
City: North Little Rock
State: AR
Zip: 72114
Country: US
Financial Info
Stage:
seed
Raised Last:
$500k
Raised Total:$1M
Social
Metrics
1,075,477Website Global Rank
35,270Website Monthly Traffic
Twitter Followers
Description
Abaca partners with banks to unlock business accounts, payments, and lending for the legal cannabis industry. It is at the crossroads of FinTech, RegTech, and the legal cannabis and hemp/CBD industries. We partner with community banks and other financial institutions to offer commercial deposit accounts, merchant services, treasury management, and lending to cultivators, dispensaries, product processors, and ancillary cannabis and hemp businesses. The company currently operates in a 12-state service area and has processed over $1 billion in cannabis commerce together with its partner banks as of June 2021.
Contact Phone:
+15014746110
Contact Email:
| Announced Date | Company | Transaction | Money Raised |
|---|
| Announced Date | Transaction | Number of Investors | Money Raised | Lead Investors | 1/2018 | Seed Round | $830k | 7/2020 | Seed Round | $500k |
|---|
| Announced Date | Name | Price |
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