This company provides digital financial services focused on factoring and liquidity solutions for businesses in Central America. They offer immediate cash advances by converting accounts receivable into working capital for SMEs and corporations. Additionally, they facilitate supply chain financing by enabling companies to make early payments to their suppliers.
Funding
$4.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Small and medium-sized enterprises (SMEs) in Central America often face challenges in accessing working capital due to lengthy approval processes and collateral requirements from traditional financial institutions. This lack of readily available liquidity can hinder their ability to cover operational needs and pursue growth opportunities.
Solution
Ábaco is a digital platform that provides SMEs with rapid access to liquidity by converting accounts receivable into cash within 24 hours. Through a fully online process, businesses can upload their invoices and receive immediate financing without the need for collateral or complex paperwork. Ábaco utilizes alternative data sources for risk assessment and automated monitoring, offering a transparent and straightforward solution for managing cash flow and accelerating growth. The platform also provides tools for client management, streamlining the invoice financing process.
Target Audience
Ábaco primarily targets small and medium-sized enterprises (SMEs) in Central America seeking flexible and fast access to working capital to manage operations and pursue growth.
Features
- Online application and approval process for credit lines
- Rapid invoice financing with funds disbursed in less than 24 hours
- Client management tools for organizing customer information and simplifying invoice submissions
- Automated notifications to track financing status and manage cash flow
- Alternative data sources for risk assessment, reducing reliance on traditional credit scores
- No hidden fees or commissions
- No collateral required