Abaca
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Abaca - overview
Established
2017
Location
Little Rock, AR, US
Primary Industry
Financial Services
About
Based in Arizona, US, and founded in 2017 by Brian Bauer, Dan Roda, Greg Ellis, and John Foley, Rockview Digital Solutions, Inc. , doing business as Abaca operates as a financial service company that offers banking, payment processing, lending, and treasury management services to the cannabis industry. In October 2022, Safe Harbor Financial, LLC agreed to acquire Abaca for USD 30 million. The transaction is expected to close this quarter, subject to regulatory approvals and other customary closing conditions.
Abaca provides financial and commercial banking services such as compliant bank accounts, treasury management, and payments, to small and medium cannabis businesses, hemp businesses, enterprises, and ancillary businesses.
Primary Industry
Financial Services
Sub Industries
Credit Collections & Services, Consumer Finance, Accounting/Finance Software
Website
http://www.goabaca.com
Verticals
Cloud Computing, FinTech, FinTech
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Abaca - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, Trade Sale | Announced | Abaca | - |
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