Abacum

Financial planning and analysis platform

New York City, New York, United States

About Abacum

Abacum provides a financial planning and analysis (FP&A) platform that helps mid-sized and large enterprises automate and streamline their financial processes. The platform connects with essential business systems, allowing finance teams to automate reporting, analyze data, and create accurate forecasts. Abacum differentiates itself from competitors by offering features like automated reporting, scenario planning, and real-time data integration, which enable finance teams to focus on strategic decision-making instead of manual tasks. The platform is user-friendly, allowing users to easily define metrics, adjust assumptions, and manage headcount. Abacum's goal is to enhance the efficiency and scalability of financial planning for its clients through a subscription-based model.

New York City, New YorkHeadquarters
2020Year Founded
$31.1MTotal Funding
SERIES_ACompany Stage
Fintech, Financial ServicesIndustries
51-200Employees

Risks

Competition from established FP&A providers like Anaplan and Adaptive Insights is increasing.
Potential market saturation in fintech SaaS could limit Abacum's growth opportunities.
Economic downturns may reduce IT budgets, affecting Abacum's subscription renewals.

Differentiation

Abacum offers real-time data integration, enhancing financial planning precision for enterprises.
The platform's collaborative tools boost productivity and strategic impact for finance teams.
Abacum's intuitive interface simplifies metric definition and scenario planning for users.

Upsides

Abacum raised $25M in Series A funding, led by Atomico, boosting growth potential.
Increased demand for real-time data integration positions Abacum well in the fintech sector.
The shift to subscription models provides Abacum with a steady revenue stream.

Funding

Total raised$31.13 M
Latest valuation$125.00 M
StageSERIES_A