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About Abacum
Industries
Fintech
Financial Services
Company Size
51-200
Company Stage
Series A
Total Funding
$32M
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's services are available through a subscription model, with pricing based on the level of service and number of users. Key features include automated reporting, scenario planning, and real-time data integration, which enable finance teams to concentrate on strategic decision-making instead of manual data entry. The user-friendly interface allows for easy management of financial metrics, assumptions, and headcount planning, making it simpler for users to navigate their financial data.
Simplify's Take
What believers are saying
- Rising demand for real-time data analytics boosts Abacum's platform adoption.
- Remote work trends increase the need for Abacum's cloud-based collaborative tools.
- Subscription model popularity ensures steady revenue and tiered service offerings for Abacum.
What critics are saying
- Emerging FP&A platforms with lower costs threaten Abacum's market share.
- Technological advancements require constant updates, increasing Abacum's operational costs.
- Economic downturns may reduce mid-sized companies' spending on SaaS solutions like Abacum.
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 financial data management.
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Funding
Total Funding
$32M
Above
Industry Average
Funded Over
2 Rounds
Y CombinatorIndustry standards
Growth & Insights and Company News
6 month growth
↑ 0%1 year growth
↓ -2%2 year growth
↓ -3%Abacum, la fintech fundada en 2019 por los españoles Julio Martínez y Jorge Lluch, ha anunciado el cierre de una ronda de inversión Serie A por 22 millones de euros (25M$). 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 […]
Abacum, a collaborative, cloud-based FP&A platform for scale-up companies, has raised $25 million in a series A funding round.Read More
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
$32M
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
People Also Viewed
Discover companies similar to Abacum