2021 Startup Booster Organizations
Abaca is a fintech platform that facilitates the provision of SMB and enterprise commercial deposit banking, payments, and treasury management services directly to the $25 billion (and growing) US cannabis industry. Since the company’s live launch in 2018, Abaca has compliantly processed over $1 billion in cannabis deposits and payment transactions and, together with its partner banks, Abaca is currently servicing licensed cannabis operators in eleven states.
Headquartered in North Little Rock, AR, and founded in September 2017. Seeking Series A funding.
Tags: Banking, Payments/Alternative payments, Regtech