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$3.5m

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Total Funding€3.2m

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Abacus is a cutting-edge financial technology startup that specializes in real-time expense management solutions. The company aims to replace traditional expense reports with a more efficient, real-time expense system, helping businesses streamline their financial operations and get money where it needs to go faster. Abacus primarily serves mid-sized companies and enterprises, offering a suite of tools designed to simplify expense tracking, reporting, and reimbursement processes.

Operating in the financial technology (fintech) market, Abacus integrates seamlessly with popular accounting and business software such as QuickBooks, Netsuite, Intacct, Salesforce, and more. This allows businesses to maintain a cohesive financial ecosystem without the hassle of manual data entry or reconciliation. The company also offers mobile applications for both iOS and Android, enabling users to manage expenses on the go.

Abacus employs a Software-as-a-Service (SaaS) business model, where clients subscribe to their platform on a monthly or annual basis. This subscription model provides a steady revenue stream for the company while offering clients continuous updates and support. Additionally, Abacus generates revenue through value-added services like expense card issuing and travel management solutions.

The company has garnered significant recognition, being voted the number one expense management software by users on G2 Crowd, particularly for mid-sized companies. Customer testimonials highlight the platform's ease of use, intuitive design, and the ability to instantly submit expenses by taking pictures of receipts.

Abacus is headquartered in New York City and fosters a vibrant company culture with activities like hack days, company outings, and game nights. They are actively hiring and expanding their team, as indicated on their careers page.

Keywords: real-time expense management, fintech, SaaS, mid-sized companies, integrations, mobile apps, expense tracking, financial operations, user-friendly, New York City.

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