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Abacus

acquired by CertifyYC W14

New York City, US · Founded 2014 · 30 employees · 14 known investors

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Acquired by Certify July 2018 · terms undisclosed — undisclosed · source ↗

Abacus provides real-time expense management software that handles employee reimbursements, corporate card reconciliation, and automated expense policy enforcement for companies. The platform replaces traditional month-end expense reports with mobile submission and approval workflows, syncing transaction data with accounting systems to reduce manual bookkeeping.

Also known as Abacus Labs, Inc.

Enterprise SoftwareFintechSaaSPaymentsB2BUnited States of AmericaAmerica / CanadaPartly Remote

Founders & leadership· Y Combinator alumni (W14)

Abacus was founded in 2014 by Omar Qari, Ted Power, and Joshua Halickman.

OQOmar Qari
Omar QariCEO
TPTed Power
Ted PowerCPOTed Power previously held roles at Google, Venmo, and Foursquare, and co-founded Versa (S22).
JHJoshua Halickman
Joshua HalickmanCTO
AS
Arvind SundararajanFounder
BR
Bindu ReddyFounder
SN
Siddartha NaiduFounder

Investors · 14

FundersClublisted by FundersClubSan Francisco · $290K

How we know: FundersClub's portfolio page · Y Combinator's founder network · Not right? Tell us

Homebrewlisted by HomebrewBurlingame · $100K – $500K

How we know: Homebrew's portfolio page · Y Combinator's founder network · Not right? Tell us

Y Combinatorlisted by Y CombinatorSan Francisco · $500K

How we know: the Y Combinator directory · open dataset · 5k.vc investor directory · Not right? Tell us

Avlok CapitalreportedLynnwood

How we know: Y Combinator's founder network · Not right? Tell us

Bessemer Venture PartnersreportedSan Francisco · $50K – $100M

How we know: Y Combinator's founder network · Not right? Tell us

Decibel PartnersreportedMenlo Park · $100K – $10M

How we know: open dataset · 5k.vc investor directory · Not right? Tell us

General CatalystreportedSan Francisco · $30M

How we know: Y Combinator's founder network · Not right? Tell us

GV (Google Ventures)reportedMountain View · $250K – $50M

How we know: Y Combinator's founder network · open dataset · 5k.vc investor directory · Not right? Tell us

QueensBridge Venture Partnersreported

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Salesforce VenturesreportedSan Francisco · $5M – $50M

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Sherpalo VenturesreportedMenlo Park

How we know: Y Combinator's founder network · Not right? Tell us

Slack FundreportedSan Francisco

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Tuesday CapitalreportedSan Francisco

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Related companies · 8

AbacustechnologyAbacus is a global managed IT and cybersecurity provider serving financial services and healthcare organizations in regulated industries. The company delivers secure technology services, infrastructure management, and incident response to protect performance and ensure compliance across 1200+ clients in 25 countries.
RebillRebill is a payment infrastructure platform designed for Latin America that enables businesses to accept payments using local methods across major markets with minimal integration time. The platform offers subscription plans, installment financing, and customizable checkout experiences with smart retry logic and automatic payment optimization.
CarddaCardda provides corporate spend management through virtual and physical cards, automated payments, and real-time expense visibility for businesses across industries. The platform centralizes expense control, invoice management, and financial operations for teams of any size.
Zendesk New YorkThis is Zendesk's internal belonging/diversity and inclusion program page, not a company profile page for an external company. It describes Zendesk's internal culture initiatives and leadership development programs.
Kapital BankKapital is a financial services platform offering digital banking, payment processing, and investment products in Mexico. The platform enables users to manage accounts, transfer funds, pay bills, and invest in financial instruments like Pagaré and CEDES through a mobile app.
EmburseEmburse is a travel and expense management platform that helps organizations automate T&E processes, improve compliance, and gain spending visibility. The company serves enterprise teams managing corporate travel and expense administration.
AspireAspire provides corporate account and card solutions for businesses with complex operations, offering relationship management and an online platform for employee spending oversight.
ChariotChariot builds financial infrastructure for donor-advised fund (DAF) giving, connecting donors, nonprofits, and platforms to enable faster, verified charitable donations and payouts. The company serves nonprofits, individual donors, and DAF providers seeking to streamline and expand charitable giving.

Companies working in the same space as Abacus.

Legal entities · 1

corporate structure
Abacus Labs, Inc.

In the news

Abacus Raises $3.5M to Eliminate Expense Reportsblog.abacus.com · Oct 2014

Frequently asked questions

What does Abacus do?
Abacus provides real-time expense management software that handles employee reimbursements, corporate card reconciliation, and automated expense policy enforcement for companies. The platform replaces traditional month-end expense reports with mobile submission and approval workflows, syncing transaction data with accounting systems to reduce manual bookkeeping.
Who founded Abacus?
Abacus was founded by Omar Qari, Ted Power, Joshua Halickman in 2014.
Who are Abacus's investors?
Abacus's investors include 645 Ventures, FundersClub, Homebrew, Y Combinator, Avlok Capital, Bessemer Venture Partners, Decibel Partners, General Catalyst and 6 more.
Who acquired Abacus?
Abacus was acquired by Certify.
Where is Abacus headquartered?
Abacus is headquartered in New York City, US.