YC-backed Abacum nets $7M to empower finance groups with real-time data and collaboration tools

by RJ Shara | Apr 8, 2021 | Fundings and Exit

SaaS to support mid-sized business ‘monetary preparation with real-time information and native cooperation isn’t the sexiest start-up pitch under the sun but it’s one that’s promptly netted Abacum a lot of significant backers — — including Creandum, which is leading a $7M seed round that’s being revealed today. The rosters of existing financiers likewise taking part in […] Abacum was established last year in the middle of the COVID-19 international lockdown, after what it says was around a year of “deep research study” to feed its product development. The concept with Abacum is to change the need for financing teams to by hand update their models.”We enable faster decisions that were not possible prior to Abacum. Martinez states Abacum picked to focus on mid-market financing teams because they face “more difficulties and inefficiencies” vs the smaller (and larger) ends of the market. Abacum’s slick solution empowers financing teams to be more collaborative, effective and better informed with access to real-time data….