Abacum

Abacum

Financial planning and analysis platform

About Abacum

Simplify's Rating
Why Abacum is rated
C
Rated D+ on Competitive Edge
Rated B on Growth Potential
Rated C on Rating Differentiation

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.

YC Company
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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

Notable Investors:
Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.
Series A Funding Comparison
Above Average

Industry standards

$15M
$8.2M
Discord
$15M
Canva
$25M
Abacum
$30M
Kalshi

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%
El Referente
Dec 1st, 2021
Abacum Cierra Una Ronda Serie A De 22M€ Liderada Por Atomico

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 []

TechCrunch
Nov 30th, 2021
Abacum adds $25M to scale its SaaS for finance teams

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 […]

VentureBeat
Nov 30th, 2021
Collaborative financial planning and analysis platform Abacum raises $25M

Abacum, a collaborative, cloud-based FP&A platform for scale-up companies, has raised $25 million in a series A funding round.Read More

Tech.eu
Apr 8th, 2021
Y Combinator-backed financial data collaboration platform Abacum raises $7 million in round led by Creandum

Barcelona-based real-time financial and operational data collaboration tool Abacum has raised $7 million in a round led by Creandum.

TechCrunch
Apr 8th, 2021
YC-backed Abacum nets $7M to empower finance teams with real-time data and collaboration tools

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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