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About Abacum
Industries
Fintech
Financial Services
Company Size
51-200
Company Stage
Series A
Total Funding
$31.1M
Headquarters
New York City, New York
Founded
2020
Overview
Abacum provides a financial planning and analysis (FP&A) platform that helps mid-sized and large enterprises automate and streamline their financial processes. The platform connects with essential business systems, allowing finance teams to automate reporting, analyze data, and create accurate forecasts. Abacum differentiates itself from competitors by offering a user-friendly interface that simplifies the management of financial data, including features for automated reporting, scenario planning, and real-time data integration. The company's goal is to enable finance teams to focus on strategic decision-making rather than spending time on manual data entry, ultimately enhancing the efficiency and scalability of financial planning.
Simplify's Take
What believers are saying
- Abacum raised $25M in Series A funding led by Atomico in 2023.
- Growing demand for collaborative financial tools supports Abacum's market position.
- Shift towards subscription-based solutions aligns with Abacum's business model.
What critics are saying
- Increased competition from established FP&A providers like Adaptive Insights and Anaplan.
- Potential market saturation in the fintech SaaS space challenges customer acquisition.
- Economic downturns may reduce mid-sized companies' investment in new financial tools.
What makes Abacum unique
- Abacum offers a collaborative workflow platform tailored for SMB finance teams.
- The platform integrates with business-critical systems for automated reporting and data analysis.
- Abacum's intuitive interface simplifies metric definition and scenario planning for users.
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Funding
Total Funding
$31.1M
Above
Industry Average
Funded Over
2 Rounds
Y CombinatorIndustry standards
Growth & Insights and Company News
6 month growth
↑ 0%1 year growth
↑ 0%2 year growth
↑ 0%Abacum, la fintech fundada en 2019 por los españoles Julio Martínez y Jorge Lluch, ha anunciado el cierre de una ronda de inversión Serie A por 22 millones de euros (25M$). La operación ha estado encabezada por Atomico, fondo que ya había invertido anteriormente en la startup. Se trata de la segunda ronda de inversión []
Abacum, a SaaS maker geared toward upgrading midsized companies’ financial planning and analysis tools, has fast-followed the $7 million seed it raised in April with a $25 million Series A round. The latest funding brings its total raised to date to $32 million. The Series A is led by European VC Atomico, with participation from […]
To help bring its technology to more companies, Abacum today announced that it has raised $25 million in a series A round of funding led by European venture capital (VC) juggernaut Atomico.
Barcelona-based real-time financial and operational data collaboration tool Abacum has raised $7 million in a round led by Creandum.
SaaS to support mid-sized companies’ financial planning with real-time data and native collaboration isn’t the sexiest startup pitch under the sun but it’s one that’s swiftly netted Abacum a bunch of notable backers — including Creandum, which is leading a $7M seed round that’s being announced today.
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About Abacum
Industries
Fintech
Financial Services
Company Size
51-200
Company Stage
Series A
Total Funding
$31.1M
Headquarters
New York City, New York
Founded
2020
There are no jobs for Abacum right now.
Find jobs on Simplify and start your career today