Abaca

Abaca is the comprehensive cannabis banking and financial platform. Abaca provides cannabis businesses with compliant bank accounts, lending, payments, treasury management, and other financial services through proprietary technology and proven financial partnerships. Deposit banking services are offered in partnership with chartered banks, Members FDIC. Leveraging financial technology, Abaca is able to deliver streamlined, elegant, and comprehensive financial services to this high-compliance, rapidly emerging vertical. Get in touch with us and get to know our team today!

Services

Abaca Compliant Banking

Access FDIC-insured, compliant banking in your business name that lowers your compliance cost and is priced for your business size. Our simple and intuitive online banking platform makes it easy.

AbacaPay

Take the cash out of cannabis with mobile, cashless payments. AbacaPay is a solution designed to work with ATM or debit cards. AbacaPay is cost-neutral, reduces cash volume and associated expenses. AbacaPay customers save 20% in banking fees on average.

Lending

Most small businesses need capital at some point but it can be hard to find 420-friendly loans. Cannabis shouldn’t only be accessible to the 1% who can afford to self-fund. Get fair loans for real estate, equipment, inventory, and more.

Cash Management

Deploy onsite handling and storage, integrated with industry-leading cash vaults and recyclers and armored transportation and deposit. Track cash across the entire enterprise and show real-time capital position. Reduce your cash management time by 80%.

Abaca Treasury Center

Take control of your treasury management and access a centralized view of your bank accounts, cash position, accounts receivable/payable, and more, giving you unparalleled visibility and control into your enterprises financial activities.

Receivables Management

Easily keep track of who owes you money and get paid with our online dashboard, and send electronic payment requests to your customers, enabling them to pay you safely and easily, with the click of a button.

Founders

Dan Roda

Chief Executive Officer/Chief Legal Officer Member of NCIA Hemp Committee, VP of the Arkansas Cannabis Industry Association, Founding Board Member of the Emerging Markets Coalition

Brian Bauer

Chief Revenue Officer/Chief Strategy Officer US Navy combat veteran, former fintech accelerator managing director

John Foley

Chief Financial Officer Former community bank president with over 30 years of banking experience

Greg Ellis

Chief Technology Officer Serial financial technology entrepreneur

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