Total Funding
51
Total FundingSeed raised
Growth Score
pts
Heat Score
1 pts
Company Performance Metrics
Score
Trend
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Growth Score - The measure of growth based on company activity, operational metrics, and investments
Growth Trend - The change in the growth score over the given time period
Heat Score - The measure of the market interest, media activity, and Crunchbase profile activity
Heat Trend - The change in the heat score over the given time period
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131770
Abaca is a fintech company offering banking, payment processing, lending, and treasury management services to the U.S. cannabis industry.
Acquired by 
Safe Harbor Financial
- Greg Ellis: Chief Technology Officer and Co-Founder
- John Foley: Chief Financial Officer and Chief Compliance Officer
About the Company
Abaca partners with banks to unlock business accounts, payments, and lending for the legal cannabis industry. It is at the crossroads of FinTech, RegTech, and the legal cannabis and hemp/CBD industries. We partner with community banks and other financial institutions to offer commercial deposit accounts, merchant services, treasury management,
and lending to cultivators, dispensaries, product processors, and ancillary cannabis and hemp businesses.
The company currently operates in a 12-state service area and has processed over $1 billion in cannabis commerce together with its partner banks as of June 2021.
