Abacum was founded to modernize financial planning and analysis (FP&A) for mid-market companies, which often rely on outdated tools like spreadsheets. By providing an intuitive platform for real-time financial insights, Abacum enables finance teams to deliver faster reporting, more accurate forecasting, and better budgeting. This shift allows finance departments to collaborate more effectively and become more impactful within their organizations.
The idea for Abacum emerged in 2019 when Julio and I recognized the inefficiencies finance teams faced due to manual processes. Drawing from our own experiences, we aimed to create a solution that addressed these pain points. Since its inception, Abacum has rapidly expanded, securing funding from notable investors and growing its team significantly. The company now serves high-growth mid-market firms globally, including clients like Strava, ezCater, and Rippling.
Looking ahead, Abacum anticipates significant advancements in the fintech space, particularly with the integration of AI. We believecha that AI will lead to more personalized financial services, enhanced fraud detection, and streamlined customer experiences. As the industry evolves, Abacum is committed to adapting and innovating to meet the changing needs of finance teams worldwide.
Jorge Lluch reflects in The Fintech Times on Abacum’s journey and vision.
