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Overview
Company Does Not Provide H1B Sponsorship
Abacus provides real-time expense management as a SaaS fintech platform designed for mid-sized companies and enterprises. The product automates expense tracking, reporting, and reimbursement by capturing receipts (including instant submission via photo), syncing data with popular accounting and business systems (QuickBooks, Netsuite, Intacct, Salesforce, etc.), and offering mobile apps for iOS and Android. It operates as a subscription service with optional value-added services like expense card issuing and travel management. Abacus differentiates itself through real-time processing, seamless integrations, and a user-friendly experience that reduces manual data entry and reconciliation. Its goal is to replace traditional, manual expense reports with a faster, streamlined expense system that improves financial operations and speeds money flow.
About Abacus
Industries
Enterprise Software
Fintech
Company Size
11-50
Company Stage
Seed
Total Funding
$3.6M
Headquarters
New York City, New York
Founded
2013
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Simplify's Take
What believers are saying
- Real-time expense tracking eliminates manual payroll expense entry.[1]
- Customizable compliance rules ensure policy enforcement automatically.[3]
- Dynamic analytics provide actionable spending insights for finance teams.[2]
What critics are saying
- Emburse acquisition rebranded Abacus to Emburse Spend, confusing customers.[4]
- Expensify dominates G2 rankings for mid-sized firms by Q2 2026.[4]
- Brex bundles free cards and reimbursements, eroding Abacus card revenue.[5]
What makes Abacus unique
- Abacus replaces expense reports with real-time receipt capture via mobile apps.[1]
- Abacus syncs instantly with QuickBooks, Xero, and Salesforce for seamless accounting.[1]
- Abacus automates next-day reimbursements through built-in ACH processing.[2]
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Funding
Total Funding
$3.6M
Below
Industry Average
Funded Over
2 Rounds
Bessemer Venture Partners
General Catalyst
Y CombinatorIndustry standards
Company News
Ms Matthie joined Abacus in 2022 as a junior bookkeeper.
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Abacus, a technology provider for lottery systems, partnered with Blackhawk Network, a global branded payments provider, to transition all Quickcard lottery sales from Blackhawk Network to Abacus.
"We are very impressed with the easy, hassle-free way Zeller has integrated with our POS, Abacus.
BBC acquires Abacus distributed scrublands.
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About Abacus
Industries
Enterprise Software
Fintech
Company Size
11-50
Company Stage
Seed
Total Funding
$3.6M
Headquarters
New York City, New York
Founded
2013
There are no jobs for Abacus right now.
Find jobs on Simplify and start your career today