Abaca
Curated by SignalSMB Neobank offering compliant financial services for cannabis businesses.
Overview
Abaca is a small and medium-sized business (SMB) neobank that focuses on providing compliant financial services specifically for cannabis businesses. Its product offerings include commercial checking accounts, ACH (Automated Clearing House) transactions, wire payments, cash logistics, treasury management, and payroll services. The company targets cannabis operators with the intention of reducing barriers to entry into banking and developing financial products tailored to this sector. Abaca utilizes a cannabis financial technology platform to facilitate compliant transactions and has formed partnerships with FDIC-insured banks to support state-legal cannabis businesses. The platform is designed to address the unique challenges faced by cannabis operators, allowing them to access necessary banking services and manage their financial operations.
Key facts
- Founded
- 2018
- Headquarters
- Little Rock, United States
- Stage
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- Industry
- Financial Technology
- Sector
- Digital Banks
Business model
- GTM channel
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Contact
- Primary office
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